A promotional event on investment of PowerPac Economic Zone Mongla is going to be held at Pan Pacific Sonargaon Hotel in the city this morning (Monday). PowerPac Economic Zone Private Limited, a concern of Sikder group and Bangladesh Economic Zones Authority (BEZA), would jointly organize the event to begin at 11:30 am today.
The Private Industry and Investment Adviser to the Honorable Prime Minister, Mr. Salman Fazlur Rahman, MP will attend the program as chief guest while principal coordinator, SDG Affairs, Mr. Md Abul Kalam Azad and Executive Chairman of BEZA – Mr. Paban Chowdhury will attend as special guests.
Executive Member of BEZA Mr. Mohammed Ayub will chair the event.
From PowerPac Economic Zone Pvt Limited, Managing Director - Mr. Ron Haque Sikder; COO & Director (Operation) - Syed Qamrul Islam Mohon, Project Director - Mr. Mohammad Salahuddin and Mr. Naimuzzaman Mukta, Director (Strategy Development), will be present in this event.
PowerPac Economic Zone Mongla signed the developer agreement on 25 February 2016 with Bangladesh Economic Zones Authority (BEZA) to Design, Build, Finance, Own, Operate and Transfer (DBFOOT) of Mongla Economic Zone at Mongla, Bagerhat, having 205 acres of land for a period of 50 (fifty) years.
Bangladesh Economic Zones Authority (BEZA) was established with the enactment of Bangladesh Economic Zones Act, 2010 with the objectives to develop regional and lagging areas of the country by developing industrial land, attracting investment in export and import, substituting industries, fostering and generating employment, and thereby ensuring economic development of the country.
BEZA has targeted to establish 100 Economic Zones throughout the country with the objectives to create 10 million jobs and ensure $40 billion US dollar additional production and export within the timeframe of 15 years. Mongla economic zone (Mongla EZ) is strategically well connected with Dhaka and other major cities of Bangladesh.
It is located beside Mongla River and the Mongla seaport is less than a kilometer from the zone.Road distance between Mongla EZ and Dhaka is 170 km (through Mawa), proposed Khan Jahan Ali airport at Rampal 20 km. When the Padma Bridge goes on operation, Mongla port activities will enhance significantly.
Cargo handling at Mongla port has increased by 30 percent every year. Government is constructing 53km long Khulna-Mongla railway line to connect the second largest seaport Mongla with the railway network. Mongla EZ is now fully developed for setting up factories. Various infrastructure development activities are going on at Mongla EZ site to the tune of over taka 300 crore.
The zone is surrounded by boundary wall along with deployment of Ansar contingent for security and safety of the investors. The central and peripheral roads are completed for movement of machineries and goods. A 33 kva sub-station and underground water reservoir is also completed to facilitate the requirements of the investors.
Network of drainage system construction work is underway. Upcoming off-site infrastructures of the zone will be included but not limited to CETP, Entrance Plaza, Place of Worship, Commercial Bank, Insurance Company, Admin building, Fire Station, Guest House, Investors Club, Service Apartment, Dormitory, Retail Stores, Warehouse, Customs, etc.
30 percent of the total land has been identified as green and open spaces. The zone will be divided into blocks of appropriate size, which can be subdivided into plots according to the layout plan. Depending on demand for size of the plots, smaller plots could be clubbed together. Good number of investors from home and abroad have shown interest for setting up plants at Mongla EZ.
Some companies already signed land lease agreement for establishing HFO storage facility, 100MW power plant, Steel fabrication plant, Toiletries plant to name few. PowerPac Economic Zone has welcomed all the investor to invest at Mongla EZ considering its strategic location and future business potentiality.