Bangladesh TechnoSity Limited a newly established
Malaysia-Bangladesh joint venture has been issued the development of the 3rd
Block of the proposed high tech park in Kaliakoir in Gazipur. Investing $25.80m
for infrastructure development, it will be increased by 10-12 times upon necessity.
TechnoSity will create infrastructure in 40 acres of land and will
operate for 40 years, inviting other firms to set up there. TechnoSity will develop block-3, while Summit Technopolis will invest Block-2 and Block 5. The proposed park, which is only 40km away from the capital, is now set to be accomplished on a 232-acre land at a cost of over $207m.
operate for 40 years, inviting other firms to set up there. TechnoSity will develop block-3, while Summit Technopolis will invest Block-2 and Block 5. The proposed park, which is only 40km away from the capital, is now set to be accomplished on a 232-acre land at a cost of over $207m.
The 232 acre high-tech park got the nod for construction in late
June, with Summit group, a local conglomerate, and India’s Infinity. Planned for
development within 10 years, it is projected to create 70,000 jobs in a
progressing digital Bangladesh. Local and international software developers,
automobile firms, and technology companies can invest in the park. Reportedly,
multinationals like Siemens and General Motors already won contracts for this.
Greatest incentives are that, all investors will be rewarded
with 10 years full tax exemption for setting up and income generation. Also to
expedite the project for Vision 2021 a 150 MW separate power plant will be
developed in the park areas.
- See more at:
No comments:
Post a Comment