Land handed over for construction of economic zone in Keraniganj

Possession of 36.7180 acres of land has formally been handed over for the construction of an economic zone in Keraniganj, Dhaka.

Dhaka Deputy Commissioner Farida Khanam handed over possession of the land to Invest Bangladesh Director Shaheen Akter Sumi at a ceremony held at Sonakanda BSCIC Industrial Estate on Thursday (29 October).

Hong Kong-based Handa Company plans to invest around $250 million in the proposed economic zone. The investment is expected to create employment opportunities for around 25,000 people once implemented.

The land was handed over under the project titled “Construction of an Economic Zone by BEZA in Keraniganj Upazila”, with an estimated cost of Tk 210.69 crore.

During the ceremony, a compensation cheque was also handed over to affected landowner Md Rashed.

The economic zone is planned to be developed near the new bridge adjacent to Sonakanda BSCIC Industrial Estate in Ruhitpur Union of Keraniganj.

Industrial facilities will be established there through Handa (Dhaka) Textile Company Limited. The company operates in the knit textile, fabric dyeing and ready-made garment sectors.

Speaking at the ceremony, Deputy Commissioner Farida Khanam said economic zones play an important role in promoting industrialisation, attracting domestic and foreign investment, and creating employment.

She said implementation of the project in Keraniganj would have a positive impact on the local economy.