Bangladesh will receive 6 million DM (equivalent to Tk 14 4 crore) from Germany for the extension of promotion of the private sector project under German-Bangladesh Technical Assistance, says UNB.

German Ambassador to Bangladesh Uwe Schramm and ERD Joint Secretary M Abdur Razzaq signed the exchange of notes at the ERD yesterday.

The project, which previously consisted of two components, will be supplemented in Its extension phase by a third component : Product Development.

In its new phase, which will last for three years, the German contribution for the project will be implemented by GTZ. the German agency for technical assistance, and on Bangladesh side. DCCI and a local NGO will be responsible.