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Maksons investing $111 million in Bangabandhu Sheikh Mujib Shilpa Nagar economic zone

One of the leading apparel manufacturers in Bangladesh, Maksons Group is going to set up 3 industrial units at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai at a combined investment of $111 million.

MAKSONS-Spinning-Mills-Ltd
Figure: Maksons Group is going to set up 3 industrial units at the Bangabandhu Sheikh Mujib Shilpa Nagar.

Mohammad Ali Khokon, Managing Director of Maksons Group and three other concerns under the group, signed a land-lease agreement with the Bangladesh Economic Zones Authority (Beza) recently in Dhaka to establish the units on 30 acres of land by 2022.

Metro Spinning Ltd will invest $40 million and create jobs for 1,200 people. And Maksons Spinning Mills Ltd. will invest $30 million to create 800 jobs. Also, another unit of the Group will invest $41 million.

Maksons Group will produce fabric and export-oriented apparel items at the proposed industrial units. The group has a target to start production by 2022.

Khokon praised the government’s stimulus packages, saying industries and local weavers are rebounding from the initial damage.

The BEZA is developing the BSMSN on 30,000 acres of land as part of its plan to construct 100 economic zones across the country by 2030.

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