Two companies, with a total investment of around US$42 million, signed land allotment agreements with Bangladesh Economic Zones Authority (BEZA) to build factories in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) for manufacturing ceramics and textile chemicals, reports BSS.
The companies are X Ceramics Limited and Dysin Advanced Materials Limited. They will set up their factories on 30 acres of land.
BEZA Executive Member (Investment Development) Md Mozibor Rahman, Managing Director of the X Ceramics Limited Mahin Bin Mazher and Managing Director of the Dysin Advanced Materials Mohammad Amanur Rahman inked the agreements on behalf of their respective sides at a function at BEZA conference room in the city on Wednesday.
BEZA Executive Chairman Sheikh Yusuf Harun said the investment situation at BSMSN, the country's flagship economic zone, is good.
"Those to whom we have allotted space have built their factory buildings. Many companies have gone into production. Many are bringing in machinery and equipment," he added.
X Ceramics Limited will build a ceramics factory on 20 acres of land in BSMSN with an investment of $29 million. This factory will employ 1,500 people.
The other company Dysin Advanced Materials Limited will invest $13 million on 10 acres of land to build a textile chemical factory.
© 2024 - All Rights with The Financial Express
