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Three more firms to set up plants at Hi-Tech City

FE Report | January 14, 2021 00:00:00

Three more companies have got land allocation at the Bangabandhu Hi-Tech City in Kaliakoir of Gazipur to establish manufacturing plants.

To this effect, the firms signed agreements with the Bangladesh Hi-Tech Park Authority (BHTPA) at a ceremony held at the Janata Software Technology Park in the city's Kawran Bazar area on Tuesday.

BHTPA Managing Director (MD) Hosne Ara Begum inked all three agreements on behalf of the Park Authority, said a press release.

Goutam Saha, MD of the Excel Intelligent Solutions Limited, Md Hasib Ahmed, MD of the Kinbo Smart Manufacturing Industries, and Samir Kumar Sarkar, Executive Director of the Child Health Research Foundation, inked the deals on behalf of their respective organisations.

As per the investment proposals, Excel Intelligent will manufacture hi-tech security, networking, telecom, and robotics devices for some renowned international brands from a plant to be established on two acres of land.

The company will invest $3.0 million, which will create employments for nearly 350 people.

On the other hand, Kinbo Smart will make smart televisions, smart phones, laptops, CCTV cameras and other home appliances from its proposed plant on one acre of land with investment of $1.0 million, creating 650 employment opportunities.

The Child Health Research Foundation also got allocation of one acre land in the hi-tech city to conduct research and development, genome sequence and bio-technology.

It will pump $8.0 million into the proposed establishment and create employment for 120 persons.

With the new ones, a total of 42 technology companies got land allocation at the Bangabandhu Hi-Tech City, the BHTPA managing director said in her speech as the chief guest of the ceremony.

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