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HI-tech city -2: Samsung, Symphony, Robi among scores of foreign firms plan huge investment

  • Published at 09:57 pm July 16th, 2019

The companies will focus on technology solution, software development and property services

At least seven foreign and multinational renowned firms, including tech giants Samsung, Symphony and Robi, are set to make huge investment at Bangabandhu Hi-Tech City -2  on 97 acres of land at Kaliakoir in Gazipur.

GR Corporation, Vibrant UK, Bangladesh-Japan IT and Unique Home are the other companies that already obtained regulatory approval from the government, a top official of Bangladesh Hi-Tech Park Authority (BHTPA) has said.   

The companies concerned will focus on technology solution, software development, and property services.

They are from India, the USA, Japan and the UK.

Samsung and Symphony both were awarded a seven-acre plot each. It was learned that some 19 companies, including the seven global firms, were awarded final lease agreement recently to implement their projects.

Talking to Dhaka Tribune, BHTPA Managing Director (Secretary) Hosne Ara Begum ndc has said the BHTPA already obtained all legal documents over the land acquirement and, meanwhile awarded some 55 acres of land comprising plots of varying sizes to different local and foreign companies.  

“We are going fast to ready the park by 2022,” Hosne Ara told Dhaka Tribune on Tuesday.

Officials at BHTPA have said the three-year project will be commencing this month and will continue up to December 2022 for building infrastructures for water supply and sewerage system, gas and electricity supply, construction of roads and dormitories inside the park. 

Yesterday, a meeting of Executive Committee of the National Economic Council (ECNEC) approved a three-year Basic Infrastructure Development Project involving Tk344.93 crore to develop basic infrastructure of BHTPA.

The ECNEC approval of infrastructure development project for Bangabandhu Hi-Tech City -2 followed the allocation of plots to foreign companies under the direct management of BHTPA. 

The sources have said the foreign companies are serious about establishing their units at the Park, as they find local and South Asian huge markets attractive for their products.

The foreign companies see prospect of huge growth of sales of tech products as the economies of Bangladesh and India have been growing tremendously well and the trend of adopting technologies is increasing day by day.

“Many other foreign tech companies are also in the pipeline to take advantage of the ready infrastructure of BHTPA,” a senior official at the Park said.

Another Hi-Tech Park named after Bangabandhu Hi-Tech City-1 is being implemented under public-private partnership model in the same area. 

Local business conglomerate Summit Group and another company namely Fibre At Home were awarded management and operations of the park. 

GR Corporation, an Indian-origin multinational company, has been  involved for nearly 30 years in textile industry, having experience as a reliable leader in the production of braids, ropes, elastic ropes, ribbons and many byproducts for sailing, fishing, hardware, clothing and curtaining. 

Vibrant, UK, established in 2008, is the UK’s largest property services company, providing vital outsourced solutions to residential lettings and sales agents, private landlords, commercial agents, property managers, and social housing providers.

BJIT, originating in Japan and having headquarters in Dhaka, deals the business of offshore software development (IoT & big data, AI & deep learning, Fintech & block chain, cloud & enterprise solution and smartphone & embedded application), application management as a service and software testing and automation.

Unique Homes, an US-based multinational company, is involved in building luxury cottages, large country homes and unique hideaways.