Dhaka, Feb. 22 -- Umpteen issues have been discouraging local cashew nut-processing investors from further expanding this booming agro-based industry, dampening government efforts to diversify its export basket.

Although a number of large companies, including BSRM, City Group, JMI and Kazi, have already invested in the cashew nut processing industry, higher customs assessment value of raw cashew nuts, cheap import from India under SAFTA benefits, under invoicing through Benapole and other customs ports maligning their efforts, industry insiders said.

Following the complexities, the local cashew nut processing industry has sought an urgent action from the National Board of Revenue (NBR) and the Bangladesh Trade and Tariff Commission (BTT...