Category Archives: Industrial/Manufacturing and Export Processing Zones

UK farm plans to set up $25m door lock manufacturing plant

http://www1.bssnews.net/newsDetails.php?cat=2&id=211687&date=2011-12-01

UK farm plans to set up $25m door lock manufacturing plant

DHAKA, Dec 1 (BSS)- APECS UK, a chemical door hardware manufacturer, today said it would set up a manufacturing plant in Bangladesh to manufacture door locks and handles.

Initially, the company in collaboration with Bangladeshi and Chinese entrepreneurs will invest 25 million US dollars to set up the unit.

This was revealed at a meeting between Industries Minister Dilip Barua and a delegation comprising entrepreneurs of Bangladesh, China and the UK at the former’s office here, said an official release.

Managing director of Multidrive Ltd Sadek H Chowdhury, general manager Gopeswar Debnath, official of APECS UK Andrey Gorcharov, Chinese entrepreneurs Li Guang You, Su Zhiyon and Zhang were present.

They said the plant would produce 50 lakh unit door locks and hardware annually and create 300 employment opportunities.

During the meeting, they discussed various issues including China’s rising labour cost that is prompting Chinese investors to relocate their factories in countries, including Bangladesh, for cheaper labour cost.

Dilip Barua said Bangladesh is now offering lucrative investment-friendly facilities to attract foreign investment here.

The facilities include simplified work permit, hundred percent investment return and reinvestment, he added.

Govt eyes more foreign investment at 3 EPZs

http://www.daily-sun.com/details_ds-govt-eyes-more-foreign-investment-at-3-epzs_407_1_3_1_0.html

Inter-ministerial meet today
Govt eyes more foreign investment at 3 EPZs
Asif Showkat

Finance Ministry will sit today to find ways to implement cabinet decision on waiving interest of bank loans for foreign investors, reducing charges of port along with full operation of two airports at Syedpur and Khulna.

The government is actively considering these to attract more investment for country’s three Export Promotion Zones (EPZs). The three EPZs are – Mongla, Uttara and Ishwardi, official sources said.

As per the decision, the concern authority will relax the conditions for electricity and gas connections to prospective foreign-funded enterprises.

An inter-ministerial meeting at finance ministry will also finalise several initiatives to increase the foreign investment of the three EPZs. The decisions came at a recent board meeting of the Bangladesh Export Processing Zones (BEPZs).

Finance secretary Mohammad Tariq will preside over the meeting.

Bangladesh Bank governor Dr Atiur Rahman, banking division secretary Shafiqur Rahman Patwary, chairman of the National Board of Revenue Dr Nasiruddin Ahmed, secretary of civil aviation and tourism, shipping secretary, executive chairman of BEPZs and director general of finance division monitoring cell will also attend the meeting.

Sources in finance ministry said the foreign investment has declined over the years due to lack of government facilities among the three EPZs.

Besides, due to lack of infrastructure, most of entrepreneurs who bought plants from the three EPZs are facing difficulties to run factories and invest more money.

Today’s meeting will also finalise recommendations of the BEPZ’s 31st board meeting, monitoring cell of the finance ministry has already taken opinions from the NBR and the Bangladesh Bank.

Bangladesh Bank will reduce bank loan interest if prospective investors are interested to invest in three EPZs. They will get 50 percent reduction in export and import charges through Mongla port.

Ishwardi EPZ investors will get 12 percent interest credit from the Basic Bank and interest of CC loan credit will be 15 percent while interest of loan from the Social Islamic Bank Limited will be 13 percent.

Interest of credit will be reduced according to the negotiation with the prospective investors of the three EPZs, according to the recommendations of Bangladesh Bank.

Interest of export sector loan will be 7 percent, which will be given prospective investors of three EPZs, according to the BB policy.

Civil Aviation Ministry will complete construction of Khulna Khan Jahan Ali Airport at Khulna while it will also run full operation of Ishwardi airport.

Prospective investors of three EPZs want to start online banking operation along with the NBR custom house operation through automation near EPZ areas, according to the recommendations.

Eight EPZs are presently at operation across the country. These are Chittagong, Dhaka, Mongla, Ishwardi, Commilla, Uttara, Adamjee and Karnaphu under BEPZ authority.

The investors from 35 countries have already invested in eight EPZs.

New economic zones to make debut soon

http://thenewnationbd.com/newsdetails.aspx?newsid=24303

New economic zones to make debut soon
Business Report

The World Bank, together with UK-DFID and IFC, is supporting the government move to develop new Economic Zones, starting with the Kaliakoir Hi Tech Park in hand.

The government is planning to initiate the work through public-private partnership programme. The new Economic Zones have been mooted to become instrumental to improve the country’s competitiveness as an attractive investment destination in the domestic sector.

The government is going with a plan to hold a road show in December this year to promote the Kaliakoir Hi-Tech Park.

The Government has made substantial progress in this regard by inviting ‘Expressions of Interest’ from potential park developers and the authorities are now in the process of initiating request for proposals.

Private Sector Development Support Project will provide the platform to implement the move. It will promote diversified private sector investment  improving business environment and access to industrial land  and infrastructure, besides investing in training to develop human resources in specific areas of productivity and marketing.

The project will also support a nationwide mapping of potential sites, followed by feasibility studies, and finance off-site infrastructure in identified EZ sites to leverage private financing for zone development. World Bank has approved  $137.5 million project in March this year for the purpose.

Economic Zones are a strategic instrument for attracting domestic and foreign investment, creating jobs and accelerating growth.  Economic Zones can provide a unique investment location for the country by creating a first-class business environment combined with infrastructure provision.

Bashundhara Group to produce LPG cylinder

http://thenewnationbd.com/newsdetails.aspx?newsid=24241

Bashundhara Group to produce LPG cylinder
Business Report

Gas shortage has almost stopped new gas connection to homes and business and as an alternative to it the government has decided to promote the use of cylinder gas at all levels.

In this background, the Bashundara Group has launched a cylinder making plant at a cost of Tk 100 crore styled as ‘Basundara Liquified Petroleum Gas Ltd’ (BLPGL) to be set up at Sundarban Industrial complex at Mongla. It will be a mega project to produce international standard gas cylinder.

Managing Director of the Bashundhara Group Sayem Sobhan recently inaugurated the plant at a simple function at the plant site. Senior Deputy Managing Director Belayet Hossain, Deputy Managing Director Mustafizur Rahman, Senior Executive Director Mahbubuzzaman, Advisor Press and Media Mohammad Abu Tayeb, General Manager Sales and Marketing Shahin Ahmed, General Manager Operations Engineer Zahid among others were present.

Mustafizur Rahman speaking on the occasion said that the company would pursue  the policy of serving the nation by offering pragmatic alternative to fuel crisis. “We’ll try hard to make the product affordable and available all over the country,” he said in response to a question on price and supply strategy of the company.

The project has been implemented under the technical support of two Chinese companies -Hunan Technical Import and Export Corporation and Jiangyan City Yuehai Manufacturing Company Ltd.

The installed production capacity of the plant is 100 thousand cylinders of different size a month. It is also expected that the existing LPG marketing companies will take the company cylinders for enhancing the supply of the LPG at the market.

The BLPG has also entered into an agreement with a Danish company – Kris Kossan – to commission another LPG bottling facility at Sundarban Industrial Complex. The new LPG bottling factory is likely to be made operational by January next year.

Currently the BLPG takes LPG feed from Petronas Trading Corporation of Malaysia and delivers as much as 32,000 metric tons of gas to the consumers after bottling at the plant. The company hopes to double its production to 64,0000 metric tons a year when new bottling plant goes into operation.

Joint venture plant to be set up to produce spare parts for jute mills

http://www1.bssnews.net/newsDetails.php?cat=2&id=210015&date=2011-11-24

Joint venture plant to be set up to produce spare parts for jute mills

DHAKA, Nov 24 (BSS) – A state-owned Bangladeshi enterprise will set up a joint venture plant upgrading the existing facility with an Indian company to produce spare parts for jute mills, officials said here today.

“We hope the proposed joint venture plant will export machinery and spare parts after meeting the needs of jute mills in the country,” Textiles Minister Latif Siddiqui told newsmen at his ministry.

He said the draft of a memorandum of understanding (MoU) on the proposed venture between the state-owned Galfra-Habib Limited and Indian Lagan Engineering Company Limited (LECL) was finalized today at an inter- ministerial meeting as the deal is expected to be inked next week.

Earlier briefing newsmen on the proposed venture, secretary of the ministry Mohammad Ashraful Moqbul said the proposed venture would cost Taka 6 crore of which the Bangladesh Jute Mills Corporation (BJMC) would provide half of the amount while the Indian company would bear the rest.

Moqbul said the Chittagong-based Galfra-Habib Limited, an affiliate of the BJMC, was so far producing tools and spare parts for jute mills but under the JVC it would now be upgraded and modernized.

Moqbul said that Lagan would install modern manufacturing machine and provide technical assistance to the joint vsture plant.

Bangladesh currently needs to import spare parts at high price but the proposed venture could supply them at a much cheaper price, he said.

“After signing the MoU an operational agreement will be signed for final production,” the secretary said.

Earlier, the draft was approved after vetting from the Law and Parliamentary Affairs Ministry.

Minister for Textiles & Jute Abdul Latif Siddique who presided over the meeting said the government has taken the initiative to make Galfra-Habib Limited a modern and profitable tools factory in the country.

“Awami League led government as well as Prime Minister Sheikh Hasina has consented to reopen jute mills, which were closed during the last BNP-Jamaat regime, said Abdul Latif Siddique. He said the government reopened two jute mills and two more will be reopened in March 2012.

Among others, secretary of the ministry Md Ashraful Moqbul, Chairman of Bangladesh Jute Mills Corporation (BJMC), director Foreign Affairs Ministry Md Harun Al-Rashid, Dr Narayan Chandra Singh, financial analyst of Finance Ministry, joint secretary of Law and Parliamentary Affairs Ministry Abu Ahmed Jamadar and deputy secretary of Commerce Ministry Md Sadar Ali Biswas, Finance and Law and Parliamentary Affairs were present at the meeting.

Jute diversified product manufacturing unit to be set up in Mongla EPZ

http://news1.bssnews.net/newsDetails.php?cat=2&id=209747&date=2011-11-23

Jute diversified product manufacturing unit to be set up in Mongla EPZ

DHAKA, Nov 23 (BSS)- A jute diversified products manufacturing industry will be set up in Mongla Export Procession Zone at a cost of US$ 36.94 million.

Rupsha Jute Diversification Limited, a fully Bangladesh owned company, signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) today for setting up the industry.

BEPZA general manager (Investment Promotion) A.Z.M. Azizur Rahman and managing director of Rupsha Jute Diversification Limited Major (retd) Md. Modasser Hossain signed the agreement on behalf of their respective organizations, a BEPZA press release said.

The industrial unit is expected to create employment opportunity for 2,052 people.

Denmark keen to invest $ 1b to set up fertilizer factory

http://thenewnationbd.com/newsdetails.aspx?newsid=23582

Denmark keen to invest $ 1b to set up fertilizer factory
BSS Dhaka

Danish government has expressed its keen interest to invest $ one billion in Bangladesh for establishing a new fertilizer factory at Ashuganj in Brahmanbaria district. The offer came on Monday when Ambassador of Royal Danish Embassy in Dhaka Svend Olling met Industries Minister Dilip Barua at the latter’s office here.

“We are interested to establish a joint venture fertilizer factory in Bangladesh,” the ambassador told BSS after the meeting. The envoy handed over a proposal to this effect to the minister for taking necessary measures.

Commenting on the Danish proposal, Dilip Barua said, “We will go ahead after getting clearance from the highest authorities.”

“This is a preliminary proposal from the Denmark government to establish the fertilizer factory,” he said. During the meeting, the minister told the ambassador that the present government under the leadership of Prime Minister Sheikh Hasina believed in secularism.

Dilip Barua described Denmark is as a good friend and expressed the hope that the country’s support for Bangladesh will continue in the days to come. “The proposed factory would be built on sophisticated technology. A smooth supply of natural gas will have to be ensured for the purpose,” Svend Olling said.

Cement exports may double

http://www.theindependentbd.com/business/others/80824-cement-exports-may-double.html

Cement exports may double
Author / Source : RAFIQ HASAN

DHAKA, NOV 20: Cement exporters are now upbeat on doubling exports of the construction materials to the northeast Indian states, also known as ‘seven sisters,’ following Delhi’s declaration to give duty- free access to all goods from LDC states in the Saarc region, including Bangladesh. “We hope export would increase significantly and at least be double from the existing amount if the facilities are allowed,” said a cement exporter. Such zero tariff benefit was a long-time demand of the cement exporters, he pointed out.

Currently, around two lakh tonnes of cement are being exported to India annually. Industry insiders, however, say such benefit would be visible in the upcoming construction season.

According to sources construction activities remain dull on both sides of the border during rainy season mainly due to lack of brick.

“We are yet to get any confirmation from the governments of India and Bangladesh about the duty free access of cement,” said Abdul Khaleq Parvez, vice-president of Bangladesh Cement Manufacturers Association (BCMA), a platform of private cement factory owners.

“We read in the newspaper and we are expecting a notification very soon in this regard,” he added.

On November 9, India granted duty free access of all products from five least developed nations of South Asian Association for Regional Co-operation (Saarc), including Bangladesh, except wine and tobacco, according to an official notification of the Indian government.

Although Bangladesh has a surplus amount of cement after meting its domestic demand, the absence of Delhi’s zero tariff benefit remained as a barrier to boosting its exports to the seven sisters.

The cement factories in the country have the capacity to produce over 20 million tonnes against the local demand of 8-10 million tonnes. Of these, only around two lakh tones are exported to India.

According to sources, 8-10 major factories are engaged in cement exports to the neighbouring country. “So far my knowledge, nowhere other than India, cement is exported from Bangladesh,” Parvez earlier told The independent over telephone.

Industry people said the present market demand for cement in northeast Indian states is around 3 million tonnes, while those states produce around 1 million tonnes only. These states bring cement by road from distant West Bengal, Madhya Pradesh, Orissa and Bihar states. Bangladeshi cement has a competitive advantage there due to its lower transportation cost, industry sources said.

As a result, the sources said, the demand of Bangladeshi cement in seven sister states is very high as those are cheaper than the product coming from other states.

It took three to four days to reach a truck loaded with cement from West Bengal to Tripura. On the other hand, if it is imported from Bangladesh it can be reached within 10 to 15 hours.

As a result, the transport cost is much lower and traders of those states feel much comfort to import cement from Bangladesh, the source elaborates. They said cement production in Bangladesh boomed since late 1980s as dozens of cement factories were set up in different parts of the country. Some multi-national companies also came up and set up production plants here. The major cement factories in the country are Crown Cement, Diamond Cement, Premier cement, Heidelberg Cement, Lafarge Surma Cement, Confidence Cement, Meghna Cement, Niloy Cement, Aramit Cement, Padma Cement and Modern Cement.

Crown Cement has been the top cement exporting company to India from Bangladesh since 2003. According to MI Cement Ltd, the company exported 68,000 tonnes Crown Cement fetching US$ 5.48 million between the period of July 2009 to June, 2010. The company earned $2.267 million through exporting cement in 2008-09 fiscal.

Sino company to invest $10m in Uttara EPZ

http://www.bssnews.net/newsDetails.php?cat=2&id=211862&date=2011-11-14

Sino company to invest $10m in Uttara EPZ

DHAKA, Nov 14 (BSS) – A Chinese company will invest about 10.096 million US dollars in the Uttara Export Processing Zone (EPZ) by setting up a eyelashes and wig manufacturing industry, a press release said here today.

An agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Dong Jin Industrial (BD) Company limited in the BEPZA Complex here recently. AZM Azizur Rahman, general manager (Investment Promotion) of BEPZA and Chan Chi Wai Alred, director of the company signed the agreement on behalf of their respective organizations.

Major General ATM Shahidul Islam, executive chairman, Md Shawkat Nabi, secretary, Mahmud Hasan, general manager (Public Relations) and other Officials of BEPZA were present at the signing ceremony.

The investment is expected to create an employment opportunity for 510 Bangladeshi nationals, the press release said.

Five foreign firms to invest $ 144.14m in EPZs

http://thenewnationbd.com/newsdetails.aspx?newsid=22190

Five foreign firms to invest $ 144.14m in EPZs
Business Report

Many overseas firms are routing external investments to Bangladesh in recent time giving a big push to increase local productivity and the rising capacity to growing exports.

Alone last week five overseas firms have signed separate agreements recently with Bangladesh Export processing Zones Authority (BEPZA) to set up their manufacturing facilities in the country’s special economic zones at a total cost of $144.142 million.

Their focus here is on the greater access to the export markets under GSP facilities as a least developed nation and the developed and developing nations want to siege upon the opportunity to the mutual benefits of both sides.

The five firms will locate their manufacturing plants in four export processing zones (EPZs) like Adamjee, Uttara, Iswardi and Comilla special economic zones.

They will put investments in separate projects. Out of them two Chinese firms – Kone Garments & Accessories Manufacturing Co. (BD) Limited and Mazen (Bangladesh) Industries limited – will invest $109.525 million together. A Pakistani concern Soorty Textile (BD Limited will put an investment of $22.527 million and the Korean firm A & A Traveling Bangladesh Limited will invest $7.55 million. An Indian company Simba Fashions Limited will put $ 4.45 million in investment.

Kone Garments & Accessories Manufacturing will set up two readymade garments and accessories industry at Adamjee and Uttara EPZs at a cost of $60 million.

Mazen (Bangladesh) Industries Ltd will invest $ 49.525 million at Uttara Export Processing Zone to set up an optical frame and sunglass manufacturing industry.
Pakistan’s Soorty Textile will set up a readymade garment industry in Comilla EPZ at a cost of $22.527 million.

The fourth agreement with Korea’s A & A Traveling Bangladesh will lead to set up a bag manufacturing industry at Ishwardi EPZ at a cost of $755 million.

The fifth one was Simba Fashions Ltd of India. It will set up a readymade garment industry at Adamjee Export Processing Zone at a cost of $ 4.54 million.

Chinese firm invests $49.5m in Uttara EPZ

http://www.daily-sun.com/details_ds-chinese-firm-invests-$49.5m-in-uttara-epz_385_1_3_1_6.html

Chinese firm invests $49.5m in Uttara EPZ

A Chinese company will set up an optical frame and sunglasses manufacturing industry in the Uttara Export Processing Zone, a press release of Bangladesh Export Processing Zone Authority (BEPZA) said here yesterday.

This fully foreign owned company will invest about $49.525 million in setting up their unit and manufacture optical frame, sunglasses items. The company will also create employment opportunity for 5176 Bangladeshi nationals.

An agreement to this effect was signed between the BEPZA and the Chinese firm Mazen (Bangladesh) Industries on the BEPZA Complex here yesterday.

AZM Azizur Rahman, General Manager (Investment Promotion) of the BEPZA and Cheung Lai Hing, Director of Mazen (Bangladesh) Industries signed the agreement on behalf of their respective organizations. —BSS

Pakistani company to invests $ 22.527m in Comilla EPZ

http://www.bssnews.net/newsDetails.php?cat=0&id=209669&date=2011-11-01

Pakistani company to invests $ 22.527m in Comilla EPZ

DHAKA, Nov 1 (BSS) – A Pakistani company Soorty Textile (BD) Limited is going to set up a readymade garment industry in Comilla Export Processing Zone (EPZ), a press release said here today.

The company will invest about $ 22.527 million to set up their unit, which will manufacture accessories for woven garments. This factory will create employment opportunity for around 8,000 Bangladeshi nationals.

An agreement to this effect was signed between general manager (Investment Promotion) of BEPZA, AZM Azizur Rahman and managing director of Soorty textile (BD) Limited, Shahid Rashid Soorty, today.

Major General ATM Shahidul Islam, Executive Chairman, AKM Mahbubur Rahman, Member (Finance) Md. Shawkat Nabi, Secretary and other officials of BEPZA were present at the signing ceremony.

Process of setting up 20 SEZs starts March 2012

http://www.daily-sun.com/details_ds-process-of-setting-up-20-sezs-starts-march-2012_378_1_3_1_3.html

Process of setting up 20 SEZs starts March 2012
Staff Correspondent

CHITTAGONG: The process of setting up 20 special economic zones (SEZs) across the country, including one proposed at Mirsarai and another along Sandwip Channel in Chittagong will start by March 2012. Mohammad Nazmul Islam, Director General (DG) of Bangladesh Economic Zone Authority (BEZA) at the Prime Minister’s Office, disclosed this at a discussion meeting here in the port city on Thursday.

BEZA at the PMO and Chittagong Chamber of Commerce and Industry (CCCI) jointly organised the meeting at CCCI auditorium.

Addressing the meeting, Nazmul said the conception of SEZs is different and larger than that of export processing zones and industrial parks as the Bangladesh Economic Zone Authority enjoys the authority of exempting tax, ensure IT park, logistics, ports and all kinds of infrastructural facilities in the zone.

Fourteen suitable places have already been selected primarily to set up the SEZs. The economic zones will be set up keeping the interests of local industries and business entrepreneurs unharmed, said DG Nazmul.

Referring to the Prime Minister’s sincerity about flourishing industrial sector he sought cooperation from all concerned in implementing the SEZs.

Bangladesh Investment Climate Fund Programme Manager Martin Norman was the keynote speaker at the meeting with CCCI President Murshed Murad Ibrahim in the chair.

Martin Norman said in his keynote speech said that around 1.5 million people would be employed in about 1,500 companies to be set up in twenty economic zones of the country by 2021.

“Around 85 per cent of the export-oriented industries of the country will be located in these economic zones,” added Norman saying that export business of around US dollar 2.5 billion will take place per year in these zones..

Sheikh Mohammad Ahbul Ahad, director of BEZA at the PMO, CCCI immediate past president MA Latif MP, former president Ali Ahmed, CCCI senior vice-president Mahbubul Alam, directors MA Salam, Mazharul Islam Chowdhury, Mahfuzul Hoque Shah, Captain Shafi Chaudhuri, Honorary Consul of Japan Nurul Islam, additional deputy commissioner Ehsan-e-Elahi, Export Promotion Bureau (EPB)’s director Abdul Moin, Board of Investment director Mahbub Kabir, Chittagong Export Processing Zone Authority’s general manager SM Abdur Rashid, Karnaphuli Export Processing Zone Authority’s general manager Khorshed Alam, Chittagong WASA chief engineer Abdul Karim Chowdhury and Chittagong Steel Re-rolling Mills Owners Association president Jafar Alam spoke at the meeting.

Referring to the importance of industrialisation for economic growth of a country the speakers regretted that only one Export Processing Zone could be developed in Chittagong that failed to meet the demand of the investors from home and abroad.

They emphasised on developing of new industrial zones to play a vital role in solving employment problem along side contributing to the overall economy of the country.

They also underscored the need for ensuring uninterrupted gas supply in Chittagong along with setting up of proper rules and regulations for a planned economic zone.

A technical session involving the concerned specialists and stakeholders in four groups for drafting rules and regulations was held after the roundtable discussion.

Bd-Pakistan joint venture company to invest $2.35m

http://www.daily-sun.com/details_ds-bd-pakistan-joint-venture-company-to-invest-$2.35m_375_1_3_1_7.html

Bd-Pakistan joint venture company to invest $2.35m

Bangladesh-Pakistan Joint Venture Company will set up a chemical industry in Uttara Export Processing Zone.

This joint venture company will invest 2.35 million US Dollar in setting up their unit and will produce chemical, said a press release of Bangladesh Export Proce-ssing Zones Authority (BEPZA). This company will also create employment opportunity for 328 Bangladeshi nationals.

An agreement to this effect was signed between the BEPZA and M/s. Unique Dyes & Chemical Limited at BEPZA complex, on Sunday.

A.Z.M. Azizur Rahman, General Manager (Invest-ment Promotion) of BEPZA, and Md. Rizwan Ahmed, Resident Director of M/s. Unique Dyes & Chemical Limited, signed the agreement on behalf of their respective organizations. —BSS

Big companies start investing in Rajshahi BSCIC estate

http://www.theindependentbd.com/business/finance/76597-big-companies-start-investing-in-rajshahi-bscic-estate.html

Big companies start investing in Rajshahi BSCIC estate
Author / Source : BSS

RAJSHAHI, Oct 22:  Some of the country’s big companies have started investing in the industrial estate of Bangladesh Small and Cottage Industries Corporation (BSCIC) in Rajshahi metropolis. Early in the current year, Abul Khair Group and Nitol Group have taken plot allocation and started their production. Destiny Group has also shown its interest for investing here. Many other significant groups of companies are in the pipeline.

According to the officials concerned, the sick and laid off industries are being replaced with the new viable enterprises.  Transferring process of the existing infrastructures of Shahi Fabrics and Shah Mukhdum Silk Industries, which remained inoperative for long, is on the final stage.

“The sick industry owners will either restart their businesses or transfer possession of their units,” said Mominul Islam, estate officer of the BSCIC, adding that creation of new estates became necessary to meet the local demand.

He said more than 100 units of BSCIC were declared sick and laid off about 18 to 20 years back but the number at present came down to almost zero level because of the rising trend in production and marketing of goods.

Most of the industrial units have become profitable over the last couple of years as the local entrepreneurs have been showing keen interest in restarting the sick industries and operating their business successfully after transferring ownership.

Some of them are also trying to get new plots to set up various other prospective industrial units.

Moreover, 190 industrial units out of total 200 plots are making profit through their successful operation and 10 other units are waiting to go for production in the near future, He said.

The 325-plot BSCIC industrial estate, established in 1961 on 95.71 acres of land on the city’s outskirts, has been providing electricity, water supply, security, road and drainage facilities to the entrepreneurs for running their business.

A successful garments entrepreneur of the country, Shahriar Alam, MP and member of parliamentary standing committee on information ministry, has launched the North Bengal Flour Mills on a plot of the estate creating more employment opportunities here. He also afoot to launch a knitwear factory besides the flour mills first ever in the region.

Several silk-clothes manufacturing units, including foreign- owned ones earned reputation for their quality products. They expected that there would be no more sick industry in the estate, the officials said.

Terming the BSCIC industrial area viable for any small and medium industry, Monzur Faruque Chowdhury, owner of Dinar Food Products, said the entrepreneurs were making profit and had demanded gas supply to the BSCIC to reduce production costs.

He stressed the need for taking necessary steps to formulate a separate business friendly policy for the country’s northwestern region, checking smuggling of Indian goods, providing gas connection to the industrial units and bank loans at low interest rates for making these industries more profitable.

Alhaj Sadar Ali, owner of Sapura Silk Mills Ltd in the estate, said the real entrepreneurs of the area are willing to set up more industries.

He urged the government to provide industrial plots to those, who would contribute to the national economy through production.