BEZA sings deal with 3 local companies for investment in JEZ

Land lease agreement was signed for the first time with three local companies paving way for investment in Jamalpur Economic Zone (JEZ).

Bangladesh Economic Zones Authority (BEZA) entered into agreement with Max Infotech Private Limited, Noble Navigation and Shipping Lines and Reliance Solutions Ltd.

The signing ceremony was held at BEZA office on Monday.

As per the agreement, Max Infotech and Noble Navigation will get plots of two acres each. However, two plots of one acre each will be given to Reliance Infotech.

BEZA executive member Md Abdul Mannan, Max Infotech’s head of operations Md Zakaria Khan, proprietor of Noble Navigation Mahmudul Hasan and Reliance Solution’s Mahfuzur Rahman signed the agreement on behalf of their respective organisations.

Under the agreement, the three domestic companies will invest over Tk87 crore in JEZ.

Speaking on the occasion, BEZA executive chairman Paban Chowdhury said “JEZ is being developed for processing food and agricultural produces as part of the planned industrial zone in remote areas of the country.”

Max Infotech will invest around Tk23 crore in food processing industry creating employment of 250 people and Noble Tk 40 crore to invest in oven bag manifesting industry creating employment of 100 more.

In one plot, Reliance Solutions has proposed to establish agro factory at the cost of Tk10 crore to produce refrigerated dried Aloe Vera powder and potato starch powder.

On the other plot, Reliance is going to manufacture medical and surgical products with an investment of almost Tk15 crore. Around 200 people will get job opportunity in two industries.