Chinese firm to submit feasibility report by Apr 15

Garment Industrial Park At Bausia
Oriental International Holding Ltd, a Chinese investment company, will submit feasibility report on creation of a garment industrial park at Bausia of Munshiganj district within April 15.

Around 500 factories would be located in the park and more than three lakh people would be employed, besides increasing exports.

“The Chinese Company confirmed that they would do feasibility study and give report within April 15 at their own cost worth about US$ 2 to 3 million which shows their interest in Bangladesh,” BGMEA President Md Atiqul Islam told The Daily Observer.

He added the non-compliant factories will be relocated to the park to make the country’s apparel industry compliant. BGMEA chief said small and medium entrepreneurs will get priority in the allotment of plots, and if the SMEs fail to pay for their allotted plots, others will get the opportunity.

The industrial park will have facilities like captive power plant, central effluence treatment plant, container terminal, fire station, police station IT park and entertainment park.

Last year the Commerce Ministry has given administrative approval of acquisition of 530.78 acres of land at Bausia in Munshiganj district to relocate RMG units from the capital and adjoining areas in light of the experience of Tazreen Fashion and Rana Plaza collapse.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Oriental International Holding Ltd, signed a memorandum at Beijing on June 10 in 2014 in the presence of Prime Minister Sheikh Hasina.
Some 30 per cent of the 530 acres of land of the park will be used for infrastructural development and the rest for factories, said Vice President of BGMEA Shahidullah Azim.

BGMEA received above 1,700 applications from the garment owners against 432 units to be allocated in the proposed park. The plots will be of different sizes-one-bigha, three-bigha and five-bigha. The price of the plot will be set at Tk1.2 crore per bigha.

An apparel maker who export products $1.2m and above will have to pay 40 per cent of the total plot value as down payment to get a plot and the RMG owner who export below $1.2m will have to pay 20 per cent of the price as down payment.

A joint committee of BGMEA and BKMEA would be formed to oversee the implementation of the total project and plot allotments.

BKMEA has received 119 applications from its members for plots in the park, First Vice President of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Mohammad Hatem said.


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