The first clothing exporter DBL Group undertook a $ 1.2 billion investment plan to install 19 plants within the Sreehatta Economic Zone to Moulvibazar de Sylhet, here 2021.
The company has secured 170 acres of land within the state – owned area of Bangladesh Economic Zone (Beza).
It will manufacture a spinning mill, a ceramic factory and industrial units to manufacture raw materials and finished products, such as sportswear and integrated clothing accessories .
"We could not grow as expected due to constraints on land, gas, electricity and other infrastructure," said DBL Group Chief Executive Mr. Abdul Jabbar.
"The new land will certainly stimulate the growth of the company."
With an annual export turnover of nearly $ 370 million, the company employs 30,000 people in 23 fields, primarily in the apparel industry.
The company has recorded annual growth of 15 percent of exports in the past two years and Jabbar expects to reach 25 percent through expansion.
Jabbar said that they were waiting for the final sign of Beza before starting work from November to develop the area, including the construction of effluents and treatment stations of the " water
"We will also have a solar system on the roof to generate green electricity and harvest rainwater to meet some of our water demand, he says. A staff training center will also be established.
"We hope that two-three factories will enter service in mid-2019," he said. The business entity says that the expansion would create jobs for about 39,000 people over the next four years.
The DBL group had previously asked Beza to assign to the group the 352 acres of land in the economic zone, including 112 acres of water plans.
Beza provided 25 acres to Great Wall Ceramic, 14 acres to exporter Palmal Group clothing and three acres to a non-resident Bangladeshi based in the UK, said Beza's executive chairman, Paban Chowdhury .
He said that work was in progress to establish gas transmission lines and an electrical substation. Palmal Group wants to set up two textile units while the Great Wall is a ceramic factory, he added.
The Sreehatta Economic Zone is expected to be the first state-owned industrial enclave to enter into the 60 areas selected by Beza after its establishment in 2010 to encourage local and foreign investment and create jobs
Beza has already leased the economic zone of Mongla to PowerPac Economic Zone Private Ltd, a unit of Sikder Group, to develop and operate the industrial zone for 50 years
The economic zone of Mirsarai near the port of Chittagong is being developed to accommodate local and foreign investor industries, according to Chowdhury
In addition, Beza has issued prequalification licenses for the establishment of 19 private economic zones, of which five have obtained the final license