Marico Bangladesh is set to invest Tk 227 crore to establish a new manufacturing unit at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram as a part of its efforts to catch a greater share of the growing market for fast-moving consumer goods. A land lease agreement between Marico Bangladesh and the Bangladesh Economic Zones Authority (Beza) to hand over
Our target is to complete the implementation work within 14 months, he added.
According to Rahman, the company will fund 30 per cent of the project through equity while the remaining 70 per cent will be financed by local banks. The project will create around 2,500 opportunities for direct employment.
Beza Executive Chairman Paban Chowdhury appreciated the initiative saying it would help diversify the country s exports. Bangladesh needs to promote such initiatives, he said, adding that Beza will examine the proposal before allotting any land as needed.
The domestic demand for glassware is around 1.3 crore pieces per month, or roughly Tk 140 crore, industry insiders say.
Walton Hi-Tech Industries Ltd is going to make a fresh investment of $640 million, equivalent to Tk 5,440 crore, to expand facilities to produce and increase export of electrical and electronic goods. The company has already submitted its plan to the Bangladesh Economic Zones Authority (Beza), seeking 300 acres of land at the Bangabandhu Sheikh Mujib Shilpa Nagar in
Crucial growth boosters for Bangladesh
26th February, 2021 11:38:37
In an exclusive interview with the Daily Sun Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury painted a rosy picture of the future of the Bangladesh’s economic growth. He hoped that the 100 Economic Zones that the government is readying to facilitate industrialisation and rake in foreign investment will bring about a tremendous change in the country’s socio-economic outlook. It is heartening to know that the construction work of the Economic Zones is going on in full swing despite the coronavirus pandemic.
Dismissing the naysayers who claim that the country is failing to attract foreign investment, BEZA Chairman said around 100 Japanese companies were coming to invest in Bangladesh. To some extent, the pandemic came as a blessing for Bangladesh because it exposed the perils of global supply chain reliance on a single country which is China. Now countries across the world are lookin
Akij to go big at Bangabandhu Shilpa Nagar thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.