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Prime Minister inaugurated 50 industrial units in the economic zone

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Update : Sunday, November 20, 2022

Online Reporter/

Prime Minister Sheikh Hasina today inaugurated 50 industrial units, projects and establishments in Economic Zones (EZs) across the country.

On Sunday (November 20) morning, he inaugurated the industrial establishments in the EZs virtually on the occasion of the golden jubilee of the country’s independence and the birth centenary of the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman. Khabar bus.

Among the 50 industrial establishments, four factories have been opened in Chittagong’s Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) and eight factories in various privately run EZs. These industrial units have already invested more than USD 967.73 million and will invest approximately USD 331.27 million more.

The Prime Minister laid the foundation stones of 29 industrial units in various EZs, which have so far invested $610 million and are in the process of investing another $1,922.39 million. Administrative buildings of BSMSN, Jamalpur Economic Zone, Srihatt EZ and Sabrang Tourism Park were inaugurated.

He formally inaugurated the 20-km Sheikh Hasina Sarani, 230-kVA gridline and substation at BSMSN and laid the foundation stone of a water treatment plant with a capacity of 50 million liters per day (MLD).

Macdonald Steel Industries Limited, one of these, manufactures prefabricated structural steel, which is used in steel bridges and steel high-rise buildings, factories and power plants.

Nippon & Macdonald Steel Industries Limited manufactures MS plate from imported steel, purlin, slitting sheet and coil. Asian Paints Bangladesh Limited, which manufactures paints and related products, emulsions, has invested USD 34 million in the economic zone.

Samuda Construction Ltd., a PHC pile manufacturer, is constructing its factory on a 4-acre plot of land with an investment of $8.2 million.

The Japanese Economic Zone is likely to be inaugurated on December 6.

Sheikh Yusuf Haroon, Executive Chairman of Bangladesh Economic Zone Authority (BEZA) delivered a welcome speech from BSMSN side in Chittagong. A video documentary on Beza’s development activities was screened on the occasion.

Bejara aims to establish economic zones in all possible areas of Bangladesh, including backward and underdeveloped areas, with the aim of encouraging rapid economic development through increasing and diversifying industries, employment, production and exports.

Out of the planned 100 economic zones, the government has approved 97 economic zones, of which 28 are currently under development. So far, 12 privately owned economic zones have been licensed to operate and about $4 billion has been invested in these economic zones.

It is expected to produce and export goods worth $40 billion annually to these economic zones, creating direct and indirect employment for 1 crore people.

Investors can enjoy tax holidays in economic zones, and duty-free import of raw materials and machinery.

Economic zones have attracted foreign direct investment from countries including Japan, China, India, Australia, the Netherlands, Germany, the United States, the United Kingdom, Singapore, South Korea and Norway.

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