Bangladesh Economic Zone Authority (Beza) approved 28 firms’ investments of a total of $1.3 billion in Sabrang Tourism Park, Jamalpur Economic Zone, and Bangabandhu Sheikh Mujib Industrial City. BEZA also allocated 363.53 acres of land to these firms.
Among these firms Walton Hitech Industries Limited, RHPL Health of India, Abdul Monem Economic Zone Limited, Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), KIAM Metal Industries Ltd, Healthcare Pharmaceuticals Ltd, Fakir Knitwear Ltd, and Israq Spinning Mills Ltd will invest in Bangbandhu Industrial City. The country’s electric giant Walton was allotted 100 acres of land and has plans to invest $640 million to manufacture electronics products, such as refrigerators, televisions, and air conditioners.
7 firms will invest in Sabran Tourism Park, and among them, both Dird Group and Ifad Group will invest in hospitality & tourism. Meanwhile, Jamalpur Economic Zone approved 6 firms, including Fervent Multiboard Industries Ltd, a subsidiary of Walton Group, and Akij Textile Mills Ltd.
Economic Zones are becoming more significant in creating more manufacturing units in Bangladesh which will help diversify the country’s export basket. Meanwhile, it will also create more jobs and help achieve the Sustainable Development Goals (SDGs) by uplifting the standard of living of the people.