• Tuesday, Jan 25, 2022
  • Last Update : 03:32 am

Private Economic Zone: Kishoreganj Economic Zone gets the nod

  • Published at 10:48 pm February 18th, 2019
web-beza-economic zone-kishoreganj
Officials of Nitol Niloy Group receives the license to Kishoreganj Economic Zone Ltd (KEZ) at a ceremony in Bangabandhu International Conference Center in Dhaka on Monday, February 18, 2019 Dhaka Tribune

'BEZA has already given licenses to eight private economic zones'

The Bangladesh Economic Zones Authority (BEZA) yesterday awarded the license to Kishoreganj Economic Zone Ltd (KEZ), a concern of Nitol Niloy Group.

KEZ received approval as the ninth private economic zone in the country. Set up on 91.63 acres of land in Pakundia upazila near the Bhairab-Kishoreganj Highway, the zone is expected to create jobs for 15,000 people within the first five years of operation.

The group will set up a heavy automobile plant at the economic zone. Besides, a steel manufacturing plant is likely to set up by an Indian firm.

The license was awarded at a ceremony at the Bangabandhu International Conference Center in Dhaka on Monday .

Md Abul Kalam Azad, chief coordinator for Sustainable Development Goals Affairs (SDGA) under the Prime Minister's Office, Md Faruq Hosen, executive chairman of National Skills Development Authority, Abdul Matlub Ahmad, chairman of Nitol Niloy Group, Paban Chowdhury, executive chairman of BEZA and Selima Ahmad MP, attended the ceremony.

Abul Kalam Azad hoped KEZ will play an extraordinary role in fostering economic development in the industrially neglected Haor areas.

He said, “BEZA will provide investors with full-fledged One Stop Service (OSS) from next month."

“The economic zones authority from now on will issue trade licenses to companies  operating within the zone," informed BEZA Executive Chairman Paban Chowdhury. He said investors from home and aboard are giving significant responses in developing economic zones in the country.

He also expressed his hope that KEZ will become an effective economic zone (EZ) to encourage rapid economic development through increase and diversification of industry, employment, production and export.

BEZA has already given licenses to eight private economic zones, he added.

Matlub Ahmad said, "We have already brought in the equipment necessary for our proposed heavy automobile plant. We may start assembling pickups by November this year. Local assembling of pickups would help to cut the present market price of each truck by Tk1 lakh."

He also said an Indian company has shown interest to establish a steel manufacturing plant inside the zone.

Managing director of Kishoreganj Economic Zone Abdul Musabbir Ahmad said the zone will also generate employment, attract local and foreign investment, as well as boost economic growth. "We are giving priority to new entrepreneurs in the new EZ."

In July last year, BEZA handed over the pre-qualification license of the Kishoreganj Economic Zone  to leading business conglomerate Nitol-Niloy Group.

Nitol Motors started assembling Tata buses and trucks in 1991 and has been a partner of Tata Motors since 1988.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail