The economy of Bangladesh is seeing continuous growth because of the entrepreneurial spirit of its people and the ever-increasing investment from the industrial sectors to expand into new business frontiers, said Dr Ahmad Kaikaus, principal secretary to the prime minister.

While addressing the foundation stone laying ceremony of DBL Industrial Park – to be constructed at Shreehatta Economic Zone in Moulvibazar – on Sunday, he also said the government has taken up a comprehensive development plan under the direct supervision of Prime Minister Sheikh Hasina for advancing towards more export-oriented economy to boost the growth.

Under the plan, the Beza economic zones will play a pivotal role in building successful manufacturing hubs, he expected.

The industrial park – to be established on 167.6 acres of land – is expected to create employment for 5,630 people and generate $500 million yearly turnover.

A total of 10 manufacturing units will be set up in the industrial park featuring state-of-the-art technology. These are textile, spinning, recycled polyester, ceramic tiles, sanitary ware, ceramic frit, floral glass, glass processing, dry mortar and faucet units.

Due to the ongoing coronavirus pandemic, the launching ceremony of the industrial park was held at Pan Pacific Sonargaon Hotel in the capital, instead of the original venue located in Moulvibazar. The industrial park will be constructed by DBL Group, one of the leading business conglomerates of the country.

Besides creating a good number of employment opportunities, this industrial park will manufacture raw materials and finished products for domestic and export markets, the company stated.

Dr Ahmad Kaikaus attended the foundation laying ceremony as the chief guest while Shaikh Yusuf Harun, executive chairman of the Bangladesh Economic Zones Authority, was the special guest.

DBL Group Chairman Abdul Wahed, Managing Director MA Jabbar, Vice Chairman MA Rahim, Deputy Managing Director MA Quader, and Senior Secretary to Youth and Sports Ministry Akther Hossain, among others, also attended the event.

Yusuf Harun said, "Beza is working to establish 100 economic zones across the country. DBL Group, one of the largest business conglomerates of Bangladesh, has joined this journey of economic expansion.

"It will surely fulfill the goals of creating world class quality products and materials which would contribute to the country's national economy. This investment will make foreign investors more confident about investing in our country."