The government authorizes the country’s only crocodile farm to ship 67 specimens to a German university for research. Reptile Farm Ltd managing director says the product represents an important source of foreign exchange. The goal is to reach US$ 5,000,000 in earnings by 2015.
For the first time in its history, Bangladesh is going to export crocodiles for commercial purposes. On 21 January, the Department of Forests authorised the country’s only crocodile farm, Reptile Farm Ltd, to sell reptiles to Germany. Exotic animals represent a large market in Europe, the United States and a number of Asian countries. The goal is to generate up to US $ 5 million in revenues by 2015.
Mushtaq Ahmed, managing director and CEO of Reptile Farm Ltd., said that on 31 August of last year, his company applied for a permit to export 67 frozen crocodiles to Germany and 10 live ones to Malaysia. After months of waiting, the Forest Department gave the green light.
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