Akij will make a tremendous splash in Bangabandhu Shilpa Nagar

The Akij Group company Akij Venture has announced plans to invest Tk 3,480 crore to build 18 manufacturing units at Chattogram’s Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).

The investment will be undertaken in three stages over the following ten years.

According to Ferdoush Saleheen, chief supply chain officer of Akij Venture, a preliminary proposal for the investment project has already been submitted to the Bangladesh Economic Zones Authority (Beza) for approval.

To capture the domestic and worldwide markets, he stated, “Akij Group always makes quality investments and ensures the development of international level facilities.”

According to the plan, Akij Venture would invest in the construction of production facilities, leading to the creation of 2,740 new employment.

Even though the project is still in its early stages, Akij Venture has asked the Beza for assistance in realizing its ambitions by giving the necessary land.

In order to accommodate the project, which includes a private port for loading and unloading cargo, Akij Venture has requested 307 acres of land at the BSMSN.

Five industrial sectors would be represented by the 18 new units: chemical, agribusiness, electrical, food, and beverage.

The firm anticipates that the investment will increase GDP by Tk 1,725 crore annually.

One of the biggest industrial conglomerates in Bangladesh, the Akij Group has 24 subsidiary companies. It has been around since 1950 and currently employs over 35,000 people.

The project is anticipated to start the following year and finish in 2031. The port and land development, however, will start as soon as the site is secured.

Paban Chowdhury, executive chairman of Beza, stated that the organization would accept the request since the group aims to facilitate high-quality investments.

He stated that the Akij Group is a sizable conglomerate that would guarantee high-quality goods that would boost the nation’s export haul.

According to Chowdhury, the investment will also boost international investors’ confidence to make investments in the nation.

For both domestic and foreign investors, he claimed, “The Beza is always upgrading its services and establishing a business-friendly climate.”

As part of its strategy to create 100 economic zones across the nation by 2030, the agency is building the BSMSN on 30,000 acres of land.

The BSMSN has already accepted investment proposals worth $20 billion that could lead to the creation of 10 lakh new employment.