Bangladesh Economic Zone Authority (BEZA) is planning to set up an IT park on 7.25 acres of land of Tabani Beverage in Mirpur using funds from the second Indian Line of Credit (LoC).
BEZA came up with the plan after Bangladesh Freedom Fighters’ Welfare Trust (BFFWT) had offered to utilise its lands and properties for attracting foreign direct investment.
Tabani Beverage, which was shut down in 2008, was a long-time bottler of Coca-Cola in Bangladesh.
Tabani Beverage Ltd is a concern of Bangladesh Freedom Fighters’ Welfare Trust. The land remains unused for a decade.
“We received a proposal for using the lands of Freedom Fighters’ Welfare Trust and are thought about establishing an IT Park on the land of Tabani. We will use funds from the second Indian Line of Credit to develop the IT park,” BEZA Executive Chairman Paban Chowdhury said.
BEZA has already sent a letter to the Ministry of Liberation War Affairs for its consent on the BEZA’s plan for establishing the IT Park.
Upon the ministry’s consent, a tripartite deal will be signed for establishing the proposed economic zone.
The government has set a target to develop 100 economic zones by 2030 on 75,000 acres of land for creating jobs for one crore people and fetching $40 billion in investment.