Textile News, Apparel News, RMG News, Fashion Trends

BGMEA demands 200 acres extra land

Bangladesh Garments Manufacturers & Exporters Association (BGMEA) has recently demanded 200 acres of extra land in Bangabandhu Sheikh Mujib Industrial Park at Mirsarai.

BGMEA demands 200 acres land

The land has been demanded mainly for middle to small level new entrepreneurs of the apparel industry. The associates of BGMEA recently gave an official proposal to the Bangladesh Economic Zones Authority (BEZA) requesting for the land.

Previously, BEZA gave 500 acres of land to BGMEA in the same industrial park for setting up a well-planned readymade garment factory. BGMEA bought the land with a price of about 1 crore BDT per acre.

Already, 75 companies have booked 438 acres of land out of 500. acres BGMEA has already given 105 crores to BEZA as land price.

The agreement of booking land in the industrial park between BEZA and BGMEA was signed on 21 March, 2018. After that, BGMEA started to give allotments to the local industries. During the first week of last April, Prime Minister Sheikh Hasina launched the foundation stone of the park.

Vice President of BGMEA, MA Rahim confirmed the news of claiming new land by BGMEA. He said, “A lot of small and middle-level factories are in shared buildings in the park. To enrich their work environment, they need to shift their factories to new buildings. We have claimed the extra land mainly focusing on them”.

“New entrepreneurs will be given a chance to do business and bring innovation in these areas. But due to poor capital, small to mid-level and new entrepreneurs won’t be able to pay the price in 4-5 installments. That’s why we have requested BEZA for 20-25 installments to complete land price. We also have requested the governor of Bangladesh Bank for giving loans with less interest to the new entrepreneurs,” he added.

About 75 companies like Sterling Denims, That’s It Sportswear, Apparel Gallery, Artistic Design, Epyllion Style, Global Shirt, etc have taken allotment for the land.

Bangabandhu Industrial Park is being established around Chattogram’s Mirsarai, Feni and Shitakund with an area of about 30 thousand acres. BEZA gained about 22 thousands of acres of it.

The organization said, “The work for landfill is about to end pretty soon. Road construction is also half done. BGMEA won’t have to pay extra rent for the roads, empty spaces and green areas. There’ll be a Central Environmental Treatment Plant (CETP) also.”

BEZA’s Executive Chairman Paban Chowdhury said, “Factory owners will be able to start their construction from next June. The govt. is currently considering BGMEA’s request for extra land.”

Bangabandhu Industrial Park will be the country’s biggest industrial region. Along with factories, there will also be different facilities like a resident, entertainment, medication, etc. There will be a specified port for this area through which the industries will be able to transfers goods to Chattogram and nearby ports.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

Related posts

BGMEA requests for release of import consignments from Chittagong Port instead of private ICDs

Textile Today

BGMEA wants govt. to withdraw duty on gas import

Textile Today

BGMEA President urges buyers for ethical sourcing

Textile Today

Latest Publications

View All