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Mirsharai EZ to facilitate industrial revolution, SDG achievement

BEZA inks land lease deals with six firms


Published : 21 Sep 2022 07:23 PM

The Mirsharai Economic Zone is set to bring an industrial revolution which will improve the living standards of people alongside achieving the sustainable development goals, said the Executive Chairman of Bangladesh Economic Zone’s Authority (BEZA), Sheikh Yusuf Harun  on Wednesday.

He said BEZA has been successful in building an investment-friendly environment in Bangladesh where the largest industrial city in South Asia is being constructed at Mirsharai.

The Executive Chairman was addressing the signing ceremony of land lease agreements between BEZA and six companies, held at BEZA head office, Agargaon in the capital. He informed that BEZA has adopted several initiatives to establish a world-class tourism centre in Sabrang Tourism Park.   

Sabrang Tourism Park will be the first exclusive tourism park in Cox's Bazar district encompassing an area of 1,027 acres. Sabrang has an amazing hill and sea beach territory. The purest air, lofty hill, sea and lagoon offer the perfect conditions for the development of tourism and entertainment facilities.

BEZA has signed land lease agreements with six leading companies of the country.

The companies are: Healthcare Pharmaceuticals Limited, Ifad Autos, East West Travels and Tours Ltd and three firms of Dipta Group – DIRD Composite Textiles Ltd, Dipta Garments Ltd and DIRD Garments Ltd. BEZA Executive Member (Administration and Finance) Abdul Azim Chowdhury, Healthcare Pharmaceuticals' Director Md Halimuzzaman, Ifad Autos Managing Director Taskin Ahmed, DIRD Group Director Miz Shejuti Daulah and East-West Travels' Managing Director Mahmudul Hasan signed the agreements on behalf of their respective organizations at a function at BEZA conference room in the city, said a press release.

Five of the firms will be allocated the plots at the Sabrang Tourism Park, and one at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram's Mirsharai. All the plots span a total of 17 acres as the investments are expected to generate at least 8,219 jobs, said Beza officials on conditions of anonymity.  

Ifad Autos, a subsidiary of Ifad Group, is a local industrial giant with prominence in consumer goods and commercial vehicles. It will get plots at the Sabrang Tourism Park to plough into $16.20 million to build a 3-star hotel and resort.

Coming into operations in 1984, DIRD Group is involved in garment manufacturing, textile, engineering, software and agricultural sector. The three firms of the group will also get plots at Sabrang.  

They will build cottages, resorts, hotels and motels at a total investment of $38.21 million, according to the investment proposal. The group expects at least 669 people will be employed at the new businesses.

The fifth company East West Travels and Tours Ltd, established in 1988, will also build a hotel at Sabrang on 1 acre of land.  

Healthcare Pharmaceuticals Limited, one of the leading local drug-makers in Bangladesh, will get a 10-acre plot at the Bangabandhu Sheikh Mujib Shilpa Nagar. Beza has already allotted 30 acres of land to Healthcare Pharmaceuticals at the Bangabandhu Silpa Nagar. The drug-maker said it needs another 10 acres of land for business expansion in active pharmaceutical ingredients and formulated pharmaceuticals products.