Deshbandhu to create 15,000 jobs, invest Tk10,000cr

Al Amin :
Deshbandhu Group, a prominent industrial conglomerate in Bangladesh, has announced its plans to generate 15,000 new jobs through a significant investment of Tk 10,000 crore across various sectors.

This ambitious initiative will see the group venturing into areas such as PSF and PET Industries, Steel Mills, Consumer Goods, Electric Vehicles Assembly Plant, Eco Brix Industry, Western Footwear, and a Lithium Ion Battery Plant, aiming to bolster the national economy.

With this new wave of investment, Deshbandhu Group expects its total workforce to surge from the current 25,000 to an impressive 40,000. This expansion includes the construction of a new European-standard sugar mill, capable of producing 1,500 tonnes of sugar daily, representing an investment of Tk 15 billion. Mohammad Arif Hossain, Senior General Manager of the group, revealed these plans during a visit to the company’s facilities in Charsindur, Palash industrial area of Narsingdi.

The completion of the new sugar plant by 2026 is anticipated to double the group’s sugar production capacity to 3,000 tonnes per day. Furthermore, the group has already embarked on diversifying its portfolio with a Tk 5 billion investment in infrastructure for the production of export-quality FIBC bags, set to start production in June 2024 and provide jobs for 2,000 people.

Significant rural economic development and employment opportunities are also expected from other ventures, including the Western Footwear Industry in Taltali and a crude-oil refinery in Malita. The conglomerate has committed to a Tk 25 billion project that encompasses various industries and is projected to create 5,000 jobs by 2028 in Hatikumrul, Sirajganj.

Additionally, the establishment of a Power Pack Economic Zone near Mongla seaport and PSF & PET Industries in Mongla will further contribute to job creation, with around 2,000 positions expected to be filled. Engineer ABM Arshad Hossain, Resident Director of the Palash industrial area, emphasized the group’s commitment to national service, particularly during the pandemic, by maintaining production and ensuring job security for its workers.

Golam Mustafa, Chairman of Deshbandhu Group, stated that the group’s investment strategy aims not only to enhance employment but also to propel the country’s economy forward. Currently, the group’s ventures provide livelihoods for 25,000 individuals, underscoring its significant role in Bangladesh’s economic development.