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City Group to invest Tk5,000cr to build hi-tech park in Demra

  • Sun Online Desk
  • 20th August, 2021 03:49:10 PM
  • Print news
City Group to invest Tk5,000cr to build hi-tech park in Demra

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Local business conglomerate City Group will develop a hi-tech park at Demra in Dhaka with a proposed investment of around Tk5,000 crore.

The government's Hi-Tech Park Authority on Thursday approved the conglomerate as a park developer after conducting a feasibility study, executive director Biswajit Saha of City Group confirmed.

The 'City Hi-Tech Park' to be developed on 115 acres of land is expected to create employment opportunities for more than 15,000 people, according to a statement issued by the Bangladesh Hi-Tech Park Authority (BHTPA).

The investors will get 14 incentives while investing in the park. They will get one-stop services.

An agreement signing ceremony between the City Group and the BHTPA was held at the latter's office at Agargaon in the city on Thursday.

Bangladeshi businessman Fazlur Rahman founded City Group. Its activities started on 6 February 1972 with the production of mustard oil.