9 companies to invest $140 million in Bangabandhu Hi-Tech Park, also create employment opportunities for around 25,000 people

Nine technology companies have signed a deal with the government to invest USD 140 million in Bangabandhu Hi-tech Park project. The investing companies plan to manufacture mobile phone, laptop, communication device, data center and thousands of IT products there. It will also create employment opportunities for around 25,000 people.

Bangabandhu Hi-tech Park managing director Hosne Ara Begum signed separate agreements with representatives of the companies at Bangabandhu International Conference center (BICC) on Tuesday evening (Sep 25th, 2018).

The companies are- Business Automation Ltd, Robi Axiata, Xenex BD, BJIT Software, Fair Electronic, KDS Group, InterCloud BD, Nasdaq Technology and JR Enterprise.

Meanwhile Business Automation Ltd is conducting their activities with the allocation of space in Bangabandhu hi-tech park. More than 2.00 acres of land has been allocated for the large scale of their activities. The company will invest US $ 5.00 million; will create employment opportunities for around 100 people as well.

A total of 20.50 acres of plots were allocated in the park for the companies previously. They will be able to invest there for the next 40 years.

The plots were handed over to them today where they can start activities with full force.

Post, Telecommunication and ICT minister Mustafa Jabbar, ICT state minister Zunaid Ahmed Palak and senior officials of the companies were present at the event.