21 more factories at BSMSN will go into production in November

Business Desk :
Another 21 factories in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) are set to go into commercial production from November this year.

“This industrial city has already ensured a good investment environment by ensuring all the facilities for industrial investment, including gas, electricity, and water.

Already five companies have started production,” said Prime Minister’s Principal Secretary M Tofazzel Hossain Miah while briefing journalists after his visit to the industrial zone in Chattogram, said a press release.

He informed that the industrial city has already received around US$19 billion investment proposals from local and foreign companies.

“Many of the investors have started working to establish their factories.

Around 80 percent of the investors are foreign companies,” he added.

“Work was stopped for 3 years during the Covid-19 pandemic.

The work has been interrupted several times due to natural calamities,” the official said, adding the required timeframe would be extended in order to complete the project.