Akij to move big in Bangabandhu Shilpa Nagar
Akij Venture, a problem of Akij Group, has expressed its intention to get Tk 3,480 crore to create 18 manufacturing conveniences at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.
The investment will be produced over the next a decade in three phases.
An initial proposal for the investment job has already been placed with the Bangladesh Economic Zones Authority (Beza) for approval, said Ferdoush Saleheen, chief supply chain officer of Akij Venture.
"Akij Group makes top quality investments and ensures the production of international standard facilities to grab the domestic and global market segments," he said.
As per the program, Akij Venture would make the investment to determine production facilities, that may create 2,740 new jobs.
Although the project is still in its early stage, Akij Venture has sought cooperation from the Beza to greatly help materialise its plans by providing required land.
Akij Venture has sought 307 acres of land at the BSMSN to accommodate the project, which includes a private port to load and unload goods.
The 18 latest units would be divided into five professional sectors: chemical substance, agribusiness, electrical, food, and beverage.
The group expects the investment to contribute Tk 1,725 crore per annum to the gross domestic product.
Akij Group is among the largest industrial conglomerates in Bangladesh and involves 24 subsidiaries. Its history goes back to 1950 and employs a lot more than 35,000 people at present.
The project is expected to begin up coming year and become complete in 2031. Nevertheless, the port and land development will begin at the earliest opportunity after securing the property.
Beza Executive Chairman Paban Chowdhury said that the organization would accommodate the proposal as the group wants to facilitate quality investments.
Akij Group is a sizable conglomerate that would ensure quality products, which would contribute to the country's export basket, he added.
The investment would also help to make foreign investors well informed about investing in the country, Chowdhury said.
"The Beza is continually improving its products and services and creating a business-friendly environment for investors, both local and foreign," he said.
The agency is producing the BSMSN on 30,000 acres of territory as part of its plan to construct 100 economic zones across the country by 2030.
Expenditure proposals worth $20 billion have been completely approved at the BSMSN that may create jobs for 10 lakh people.
