Mega plan to turn Tejgaon industrial zone into residential-commercial area
Tuesday, 9 September 2014
The government is preparing a mega plan to develop Tejgaon Industrial Area as a commercial as well as a residential district. The decision came at a Cabinet meeting, chaired by Prime Minister Sheikh Hasina. Meeting sources said a high-powered committee, led by the housing and public works minister, will evaluate the mega plan before presenting it to the PM for endorsement. The source said the work to transform Tejgaon industrial zone into a residential area and a commercial hub will start after the PM’s approval. Prime Minister Sheikh Hasina has stressed that development of Tejgaon need to be done in a planned manner. The Tejgaon Industrial Area was set up on 500 acres of land in 1950. Although it has 430 plots, there are no heavy industries. In 1998, the then Sheikh Hasina-led government declared the Tejgaon-Gulshan Link Road a ‘commercial road’ and was considering a proposal to turn the decades old industrial zone into a modern residential-cum-commercial hub, according to a news agency.