Nine foreign and domestic firms are going to invest $55 million in Bangladesh'shi Dhaka-tech parks to set up manufacturing units for a number of products, including semiconductors, digital devices, and medical equipment. This news announced by DHS Ventures & Holdings..
The companies will also assemble automated teller machines, cash recycling machines, smartphones and other electronics items at the new units, which are expected to create nearly 3,500 job opportunities.
The Bangladesh Hi-Tech Park Authority (BHTPA) disclosed this information during an agreement signing ceremony to lease the required lands for these projects for a 40-year period.
Seven of the firms will set up facilities at the Bangabandhu Hi-Tech City in Gazipur while the other two will invest in the Sheikh Hasina Software Technology Park in Jashore.
Of the nine companies, Ulkasemi Pvt Ltd plans to invest $25 million to make semiconductors at the Bangabandhu Hi-Tech City, the BHTPA said during the event, held at the Pan Pacific Sonargaon Dhaka.
Bikarna Kumar Ghosh, managing director of the BHTPA, signed the agreement with the heads of the nine companies.
Planning Minister MA Mannan was present.
Halima Telecom of Cumilla will set up a software technology park under the private sector while Celltron Electro Manufacturing Services will establish a medical technology plant by investing about $7 million, according to the BHTPA.