The government is set to integrate the Trading Corporation of Bangladesh’s (TCB) smart family card with other public service cards, alongside introducing artificial intelligence (AI)-based market analysis to make public procurement more efficient, transparent and competitive.
The initiatives were outlined at a review meeting on TCB operations held at the commerce ministry on Thursday, where Commerce Secretary Ataur Rahman Khan provided key directives.
He said TCB has long played a crucial role in supplying essential commodities to low-income groups, but stressed that its procurement system must now become more modern and data-driven to meet evolving demands.
AI push to refine procurement
The commerce secretary underscored the need for more realistic cost estimation in public procurement, noting that a narrower gap between official estimates and final contract prices reflects stronger institutional capacity.
He called for deeper analysis of domestic and international markets, price trends in neighbouring countries, and historical data to improve accuracy in cost estimation.
To this end, a concept note has already been prepared to incorporate AI-based analytics into market management and procurement processes. A committee comprising officials from the commerce ministry, TCB, the finance division and technology experts will be formed to take the initiative forward.
Khan also emphasised increasing bidder participation in tenders to curb monopolistic practices and ensure better value for public funds.
Smart card integration, model stores planned
Speaking at the event, TCB Chairman Brig Gen Faisal Azad said steps would be taken to integrate the smart family card with other government service cards, aiming to streamline service delivery.
He added that TCB plans to expand its product basket by including more essential items for consumers.
The corporation also intends to set up model stores in Barishal, Rajshahi and Dhaka, while introducing a point-of-sale (POS) system. A tender has already been floated under the e-GP system to implement the POS network, which will enable faster and more transparent payments through card scanning.
Optional sale of additional items
The meeting also discussed the sale of additional items such as soap and detergent alongside subsidised products. Officials clarified that purchasing these items will remain optional, with no obligation on consumers.
Participants at the meeting also shared views on TCB’s digital transformation, modernisation of procurement, market management, strengthening supply chains and future action plans.