Bangabandhu Sheikh Mujib Shilpa Nagar
Entrepreneurs skeptical about operation of factories on time
Staff Correspondent
30th May, 2021 01:28:21
The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), one of the government-owned economic zones in the country, is being developed on 30,000 acres of land in three upazilas of Chattogram and Feni. The government is optimistic about the employment of 1.5 million people there in the next 15 years.
Large scale industries are being set up with the investment of more than a hundred industrial groups. Although several factories have reached the stage of production this year, power shortage has appeared as the main impediment.
Even though the demand for electricity in those factories is 230 KV, the Bangladesh Rural Electrification Board (REB), which is in charge of supplying electricity in the area, has a capacity of 132 KV and 33 KV. These industries are cent per cent ready to go into production but there is a fear that production will be dela
# PDB, REB in tussle over supplying electricity # Industries prefer power from PDB as REB lacks capacity to feed large industries Despite the growing interest of investors in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), the supply of electricity to the industries has emerged
Processors warn of further rise in edible oil price
Edible oil is likely to become costlier in the days ahead because of the upward price trend of soybean and palm oil worldwide as Bangladesh meets 90 per cent of its demand through imports, said processors yesterday.
The prices of the key cooking ingredient have been soaring for the last several months, putting pressure on the consumers already suffering from a loss of income amid the ongoing coronavirus pandemic.
Yesterday, retailers were selling unpackaged palm oil at Tk 102-105 a litre in the markets in Dhaka city, up 43 per cent year-on-year. Soybean oil in unpackaged form was up 36 per cent at Tk 115-120.