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.