Bashundhara takes lease of land in Mongla to make cement bags

Bashundhara Industrial Complex has taken lease of 16 acres of land at Mongla economic zone with plans to establish a factory to meet its demand for cement bags and afterwards an oil depot.

Sayem Sobhan Anvir, managing director of Bashundhara Group, and John Haque Sikder, group director of PowerPac Economic Zone, signed the agreement at Pan Pacific Sonargaon Dhaka yesterday, says a press release.

Bashundhara Industrial Complex deals with cement manufacturing while PowerPac Economic Zone is a concern of Sikder Group which got a licence to run the zone for 50 years under public private partnership with Bangladesh Economic Zones Authority (Beza).

The zone is one kilometre away from the Mongla port and another 20km from the proposed Khan Jahan Ali Airport in Bagerhat.

Various infrastructure development activities at a cost of over Tk 300 crore are ongoing at the zone.

Paban Chowdhury, executive chairman of Beza, was present.