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5 firms of Sikder Group get land in Mongla Economic Zone

  • Published at 11:46 pm October 14th, 2019
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File photo of Mongla port Dhaka Tribune

National Bank Limited was also allotted land on the Zone

Bangladesh Economic Zones Authority (BEZA) yesterday allocated lands to six companies, including multinational Unilever Bangladesh Limited, for set up their industries at Mongla Economic Zone.

Other entities are Sikder Group owning firms PowerPac Petroleum Limited, PowerPac Mutiara Khulna Power Plant Limited, PowerPac Steel Mills Limited and Sikder Insurance Company Limited.

National Bank Limited was also allotted land on the Zone.

BEZA Executive Chairman Paban Chowdhury handed over the allocation letters to the representatives of the six companies at hotel Pan Pacific Sonargaon in the capital.

Private Industry and Investment Advisor to the Prime Minister Salman Fazlur Rahman, SDG Affairs Principal Coordinator Md Abul Kalam Azad and PowerPac Economic Zone (Pvt) limited Managing Director Ron Haque Sikder were present on the occasion, among others. 

Of the six companies, Unilever got 21 acres of land allotment, PowerPac Steel Mills 22 acres, PowerPac petroleum 8 acres, PowerPac Mutiara Khulna Power Plant 8 acres, National bank 2,000 square feet and Sikder Insurance Company received a 1,000 square feet land allotment letters.

The 205 acre economic zone was developed in Mongla upazila of Bagerhat by PowerPac Economic Zone (pvt) Limited, a concern of local conglomerate Sikder Group, under Public Private Partnership.

Addressing as chief guest Salman Fazlur Rahman said that due to the strategic location of the Zone and upcoming Padma Bridge the demand of this Mongla Economic Zone and Mongla Port would be increased significantly.

He thanked Sikder Group for their initiatives to develop and operate first ever Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis Economic Zone in Bangladesh.

He said that the proximity of the Mongla Port and Mongla Economic Zone would be beneficial to investors.

Abul Kalam Azad said many were talking about Mongla economic zone’s effect on the environment as the industrial hub was nearby the Sundarbans forest.

Urging the investors at the zone for building green industry there, he said: “We need both economic development and Sunderban protection.”

He, however, expected that the zone would not harm the bio-diversity of the Sundarbans by any means, as there were sufficient plans to protect them from the very beginning.

New economic zone at Nawabganj

On the occasion, BEZA Executive Chairman Paban announced another economic zone to be set up in Dhaka’s Nawabganj upazila soon.

The proposed economic zone would be established on 1,200 acres of land, he informed.

“We have already acquired 500 acres of land for the economic zone with Tk1,061 crore,” he said, adding that more 700 acres would be acquired immediately.

Currently, 28 economic zones are in operation, according to the BEZA.

The government has a plan of setting up 100 economic zones in the country’s potential areas by 2030 on 75,000 acres of land to attract more investment as well as create employment for one crore people