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Aman Group has sought early gas connection as it moves ahead with building an economic zone in Narayanganj at a cost of US $267 million.

The business group’s push came on Monday at the pre-qualification licence-awarding ceremony for Aman Economic Zone at the Bangladesh Economic Zones Authority (BEZA) office in the city.

BEZA executive chairman Paban Chowdhury presided over the programme, while BEZA executive members SM Shawkat Ali and Mohammad Abdus Samad, Aman Group Limited chairman and managing director Rafiqul Islam and director Shafiqul Islam were present at the programme.

Aman Group has developed 90 acres of land for the economic zone at present and will later develop another 60 acres at Sonargaon in Narayanganj, well-connected to Dhaka and Chittagong.

According to the company, it will invest on its own and attract foreign investment in the BEZA-approved zone to establish cement, shipyard, packaging, food and beverage, electronics, steel, and IT industries.

Speaking at the programme, BEZA chief said the authorities are discussing with several government agencies, including Petrobangla, Titas Gas and Power Division of Ministry of Power, Energy & Mineral Resources to resolve the gas and electricity crisis in the industrial sector.

He assured the Aman Group Ltd officials that its demand over gas connection will be fulfilled quickly as the zones regulator is trying its best to facilitate private investment.

Terming Bangladesh one of the emerging countries to, he said the country has received foreign investment of only US$ 1.7 billion in a year, while Hong Kong attracts US$ 70 billion, India US$ 40 billion and Vietnam US$ 17 billion a year.

Foreign investors are withdrawing their investment from many countries for financial and political instability, said Paban Chowdhury adding, “Bangladesh can be a good destination for the investors for its geographical location and investment-friendly government policies.”

The BEZA chief gave a reminder to the business group to take at best six months to get the final licence for the zone by submitting a feasibility study or master plan.

Aman Group Limited chairman Rafiqul Islam said, “We have submitted the earnest money for gas connection in economic zone, but the government agency has not responded to it yet.”

He said a foreign investor is interested to establish a joint-venture cement factory in the zone and the company will invest in the project as soon as possible after having gas connection.

The business group’s managing director also said all the factories under Aman Group are working to get green certificate as its textile units have already installed purely biological effluent treatment plants (ETP).

The domestic firm is being awarded prequalification licence for establishing the private economic zone, officials said.

Aman Group Limited, which has interests in cement, poultry, cattle and fish feeds, packaging, foods and beverages, steel, power generation and shipyard, will host the industries of almost similar types in the planned zone.

So far, the government has awarded work order for developing five economic zones to private-sector investors-one each to Bay Group, Abdul Monem Limited and AK Khan Group and Meghna Group.

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Aman Group has sought early gas connection as it moves ahead with building an economic zone in Narayanganj at a cost of US $267 million.

The business group’s push came on Monday at the pre-qualification licence-awarding ceremony for Aman Economic Zone at the Bangladesh Economic Zones Authority (BEZA) office in the city.

BEZA executive chairman Paban Chowdhury presided over the programme, while BEZA executive members SM Shawkat Ali and Mohammad Abdus Samad, Aman Group Limited chairman and managing director Rafiqul Islam and director Shafiqul Islam were present at the programme.

  • Branding
  • Grapic
  • ClientAman Group
  • Date16.08.2016
  • Link