Three companies in the Bangladesh Export Processing Zone Authority (Bepza) Economic Zone, established in the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram, are gearing up to initiate production this month. Fengqun Composite Material Co (BD) Ltd, a Chinese enterprise, is among the three firms poised to commence manufacturing operations. With an investment target of
Bangabandhu Sheikh Mujib Shilpa Nagar
Entrepreneurs skeptical about operation of factories on time
Staff Correspondent
30th May, 2021 01:28:21
The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), one of the government-owned economic zones in the country, is being developed on 30,000 acres of land in three upazilas of Chattogram and Feni. The government is optimistic about the employment of 1.5 million people there in the next 15 years.
Large scale industries are being set up with the investment of more than a hundred industrial groups. Although several factories have reached the stage of production this year, power shortage has appeared as the main impediment.
Even though the demand for electricity in those factories is 230 KV, the Bangladesh Rural Electrification Board (REB), which is in charge of supplying electricity in the area, has a capacity of 132 KV and 33 KV. These industries are cent per cent ready to go into production but there is a fear that production will be dela