Sheltech Group, one of Bangladesh’s leading business conglomerates, has announced a new investment plan worth Tk15.04 billion (Tk1,504 crore) across agriculture, real estate, textiles, manufacturing, and renewable energy sectors.
The company expects the investment to generate around 45,000 new jobs, with a significant share linked to contract farming initiatives.
Founded in 1988, Sheltech Group has built a strong presence in real estate, construction, premium wall and floor tiles, electric poles, agriculture, garments and textiles, hospitality, and other service sectors.
The group says its commitment to quality, timely project delivery, corporate governance, and sustainable development has helped establish it as one of the country’s most trusted business houses.
According to the company, the new investments are aimed at strengthening Bangladesh’s industrial base, boosting export capacity, creating employment opportunities, and supporting sustainable economic growth.
A substantial portion of the projects will be financed through the group’s own funds, while the remaining investments will be supported through joint ventures, bank financing, and foreign funding.
Managing director Tanvir Ahmed said the expansion reflects growing international demand for Bangladeshi products and confidence in the country’s economic prospects.
“Through these projects, we expect to significantly increase industrial production, export earnings, and employment, while contributing positively to Bangladesh’s overall economic development,” he said.
Major push in agriculture and exports
Sheltech has already invested nearly Tk4 billion (Tk400 crore) in Spain Bangladesh Agro Industry Limited, its joint venture with Spanish partners in the agro-processing sector.
Production has commenced at the company’s facility in Parbatipur, Dinajpur, with exports already reaching several European Union markets.
The project is expected to engage around 40,000 farmers under contract farming arrangements.
Once operating at full capacity, it is projected to generate annual export earnings of approximately Tk24.4 billion (Tk2,440 crore).
Expanding real estate portfolio
In the real estate sector, Sheltech plans to invest Tk5.75 billion (Tk575 crore) in the construction of Sheltech Legacy Plaza, a 17-storey commercial complex in Banasree.
The project will offer nearly 200,000 square feet of commercial space and is designed to achieve Leed certification as an internationally recognized green building.
The group is also moving forward with 21 residential development projects in the Jalsiri Housing area through a joint venture, involving an investment of Tk2.65 billion (Tk265 crore).
Sheltech has already completed an investment of Tk850 million (Tk85 crore) in Grindtech Limited, the country’s only manufacturer of abrasive paper, located in Sylhet.
Meanwhile, Envoy Textiles Limited plans to invest nearly Tk1.79 billion (Tk179 crore) to expand its blended yarn production capacity, with the expansion scheduled for completion by 2027.
Investment in renewable energy
As part of its sustainability strategy, Sheltech Group plans to install 10 megawatts of solar power generation capacity across its industrial facilities.
The initiative is expected to reduce carbon emissions and improve energy efficiency throughout the group’s operations.
The group currently records an annual turnover of around Tk67 billion (Tk6,700 crore). With the successful implementation of the new projects, Sheltech expects its annual turnover to reach approximately Tk92 billion (Tk9,200 crore) by 2030.
Industry observers believe the group’s diversified investment strategy will strengthen Bangladesh’s industrial and export sectors while creating substantial employment opportunities.
The investments are also expected to contribute to agricultural development, renewable energy adoption, and the country’s long-term sustainable economic growth.