BEZA signs land lease deals with six organisations

FE REPORT | Tuesday, 22 June 2021

Bangladesh Economic Zones Authority (BEZA) on Monday signed land lease agreements with six organisations -- three of them will establish industrial units and another will set up a hotel and resort in different economic zones.

The organisations include two state-owned companies such as Gas Transmission Company Limited (GTCL) and Rupantarita Prakritik Gas Company Limited (RPGCL), while four private investors are Maf Shoes Limited, Sayeman Beach Resort, Unitex Spinning Limited and Step media limited.

BEZA Executive Member Md Ali Ahsan and top officials of the six organisations signed the agreements at a ceremony held at the BEZA headquarters in the city's Kawranbazar area, a press release said. BEZA executive chairman Paban Chowdhury presided over the signing ceremony.

As per the agreement, the GTCL will establish gas transmission pipeline on 13.87 acres of land in Maheshkhali Economic Zone (EZ) while the RPGCL will set up other infrastructure on 4.409 acres of land in the same EZ.

Maf Shoes will invest $71.71 million for establishing a factory on 30 acres of land in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) that will generate employment for 5,500 people.

The company will manufacture fully export-oriented composite shoe, knit fabric, woven and non-woven cap.

Sayeman Beach Resort will invest $29.75 million in the same area to establish a hotel and resorts on six acres of land that is likely to create 450 jobs.

Unitex spinning took lease of 20 acres land in the Mirsarai EZ to set up a plant at the cost of $76.75 million to manufacture synthetic fiber and paint industry.

According to the agreement, Step Media will establish a factory on six acres of land in Jamalpur EZ at a cost of $9.63 million, generating employment for over a hundred people.

Speaking on the occasion, Paban Chowdhury said the government is working to develop 100 EZs across the country with special attention to create investment-friendly environment.

"All the EZs will be gradually equipped with all necessary utilities support including power, gas and water supply along with other infrastructures," he said.

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