Meghna Group unit eyes global market****
Monday, 9 May 2011
Monira Munni
Meghna Group of Industries (MGI) is marching towards grabbing the untapped global market along with meeting the local demand with its new bag manufacturing unit having already got orders worth $ 2.5 million from the foreign buyers thanks to its quality. The newly launched factory with the production capacity of 0.2 million pieces per day received the orders from Dubai, India, Sri Lanka, Nepal and Vietnam, according to the Group's official document. Commerce Minister Faruk Khan on May 7 (Saturday) inaugurated the bag manufacturing unit with three other factories in Narayanganj. The units - Tasnim Condensed Milk, Janata Flour Mills, Janata Dal Mills and Global Ad Star Bag Industries - have been established on 14 acres of land at the Group's industrial park in Narayanganj. Packaging bags for products like cement, poultry feed, fish feed, rice and fertiliser and essential items like condensed milk, dal (pulses), atta, maida and suji will be produced in the new factories. The country fetched $ 16.20 billion from overseas merchandise shipments during July-March period of the current fiscal and such types of private initiatives will help the country to meet local demand along with earning foreign currency, the minister said. "The government is industry and worker-friendly and such new industries will lead the government to its vision of Digital Bangladesh," he said adding the government is trying to solve the power crisis within the shortest possible time for smooth industrialisation of the country. "We are the first who export cement bags to the overseas markets," MGI Chairman and Managing Director Mostafa Kamal said in the launching ceremony adding that his group has taken the risk of investing about Tk 5.0 billion in the four factories, focusing on the rising domestic demand and the export potential. The conglomerate, with an annual sales turnover of $ 1.0 billion, has 8,000 permanent employees and 4,000 temporary employees. The four industries will create new employment opportunities for over 1,500 people, he added. The new condensed milk unit is the largest of its kind in the country with the production capacity of 120 tonnes per day, where modern hi-tech and automation technology has been used, the MGI chairman claimed. The other two mills will be able to produce around 800 tonnes of dal (yellow peas and red lentil) and 430 tonnes of atta, maida and suji per day, Mr Kamal added.
Meghna Group of Industries (MGI) is marching towards grabbing the untapped global market along with meeting the local demand with its new bag manufacturing unit having already got orders worth $ 2.5 million from the foreign buyers thanks to its quality. The newly launched factory with the production capacity of 0.2 million pieces per day received the orders from Dubai, India, Sri Lanka, Nepal and Vietnam, according to the Group's official document. Commerce Minister Faruk Khan on May 7 (Saturday) inaugurated the bag manufacturing unit with three other factories in Narayanganj. The units - Tasnim Condensed Milk, Janata Flour Mills, Janata Dal Mills and Global Ad Star Bag Industries - have been established on 14 acres of land at the Group's industrial park in Narayanganj. Packaging bags for products like cement, poultry feed, fish feed, rice and fertiliser and essential items like condensed milk, dal (pulses), atta, maida and suji will be produced in the new factories. The country fetched $ 16.20 billion from overseas merchandise shipments during July-March period of the current fiscal and such types of private initiatives will help the country to meet local demand along with earning foreign currency, the minister said. "The government is industry and worker-friendly and such new industries will lead the government to its vision of Digital Bangladesh," he said adding the government is trying to solve the power crisis within the shortest possible time for smooth industrialisation of the country. "We are the first who export cement bags to the overseas markets," MGI Chairman and Managing Director Mostafa Kamal said in the launching ceremony adding that his group has taken the risk of investing about Tk 5.0 billion in the four factories, focusing on the rising domestic demand and the export potential. The conglomerate, with an annual sales turnover of $ 1.0 billion, has 8,000 permanent employees and 4,000 temporary employees. The four industries will create new employment opportunities for over 1,500 people, he added. The new condensed milk unit is the largest of its kind in the country with the production capacity of 120 tonnes per day, where modern hi-tech and automation technology has been used, the MGI chairman claimed. The other two mills will be able to produce around 800 tonnes of dal (yellow peas and red lentil) and 430 tonnes of atta, maida and suji per day, Mr Kamal added.