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Samuda Food to invest $205m at Bangabandhu Shilpa Nagar

  • Published at 12:38 pm September 29th, 2020
BEZA Executive Chairman Paban Chowdhury chairs the agreement signing program at BEZA Office in the capital Courtesy

A lease agreement was signed on Monday in this regard between the Bangladesh Economic Zones Authority (BEZA) and Samuda Food Products Limite

Samuda Food Products Ltd, a sister concern of TK Group, will invest around $205.28 million to set up industrial units on 60 acres of land at the Bangabandhu Sheikh Mujib Shilpa Nagar at Mirersarai in Chittagong.

 A lease agreement was signed on Monday in this regard between the Bangladesh Economic Zones Authority (BEZA) and Samuda Food Products Limited.

BEZA executive member (investment development) M Abdul Mannan and Samuda Food Products managing director Mohammad Mostafa Haider signed the lease agreement on behalf of their respective sides at the BEZA office. BEZA Executive Chairman Paban Chowdhury chaired the lease agreement signing ceremony, said a press release.

According to the investment proposal of the Samuda Food Products Ltd, the company is planning to set up various types of chemical industry, consumer iteams and food processing plants at the Bangabandhu Shilpa Nagar which is expected to generate around 2,000 employment opportunities there.

There will be three units namely – edible refinery, caustic soda unit and seed crushing unit.

Speaking on the occasion, Paban Chowdhury said that BEZA is not only facilitating setting up of industries, but it is also working with various training organizations to build up sector-based necessary skilled manpower for this huge industrial city.

He said all kinds of necessary infrastructures have already been made visible at the Shilpa Nagar to set up industries while community-based accommodation facilities will be ensured at the Shilpa Nagar soon under the PRIDE Project supported by the World Bank.

The BEZA executive chairman also thanked the TK Group for their 2nd industrial initiative at the Bangabandhu Shilpa Nagar and also their overall 4th industrial initiative through BEZA.

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