Dhaka Steel Works reopens after 24 years

FT ONLINE

Dhaka Steel Works Limited, a national steel mill, is going to be reopened on Thursday after 24 years of shut down.

Industries Minister Amir Hossain Amu is scheduled to reopen it formally in Gazipur during his visit to the inaugural ceremony of a facility of Atlas Bangladesh Limited.

Dhaka Steel Works Limited was nationalised in 1972 following the order of then President Sheikh Mujibur Rahman.

Bangladesh Steel and Engineering Corporation (BSEC) was given the responsibility to manage the factory situated in Gazipur.

Later, in 1994, BNP government declared the factory as pay-off and shut it down.

In 2016, the resumption process of the factory started following the declaration of Prime Minister Sheikh Hasina.

Concerned government agencies were later requested to provide gas, electricity and water connection to the factory for its revival.

Around Tk 3 million were paid for its land development tax, municipal tax and other pending bills, confirmed the official.

BSEC hopes to manage the factory profitably and develop it as a role model for the steel sector of the country.