Bashundhara Group to invest $500 m at Mirersarai Economic Zone

Sun Online Desk

26th September, 2017 02:59:54 printer

Bashundhara Group to invest $500 m at Mirersarai Economic Zone

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The Bangladesh Economic Zone Authority (BEZA) on Monday signed an agreement with Bashundhara Group (BG) for allocating 500 acres of land to it in Mirersarai Economic Zone.

 

The land will be allocated against Bashundhara Industrial Economic Zone where Bashundhara Group would invest around $500 million for setting up state of the art pulp, paper and board mills there which is expected to create some 10,000 employment opportunities, said a press release.

 

The agreement was signed by BEZA executive member (investment and development) M Harunur Rashid and Bashundhara Group Vice Chairman and Bashundhara Industrial Economic Zone managing director Safwan Sobhan at the new office of BEZA in the city.

 

BEZA Executive Chairman Paban Chowdhury was present at the agreement signing ceremony as the chief guest while Abdul Monem Group Vice Chairman Mainuddin Monem, Bashundhara Group CEO M Fakhruddin, BEZA members Dr M Emdadul Haque and Mohammad Ayub were also present.

 

Speaking on the occasion, BEZA Executive Chairman Paban Chowdhury said through the operations at the Economic Zones and joint initiatives from the public and private sector, Bangladesh would be able to become a mid-income country by 2021 and a prosperous developed one by 2041.

 

According to BEZA, the Mirersarai Economic Zone has already received investment proposals of around $10 billion from both local and foreign investors and centering this Economic Zone various development works like construction of four-lane link road, gas, power and water connections and construction of super dyke embankment is going on in full pace.

 

Earlier on July 24, a MoU was signed between BEZA and Bashundhara Industrial Economic Zone regarding allocation of land.


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