Bangladesh’s next development phase will hugely depend on industrialization: BGMEA President


Desk Report: The next phase of Bangladesh’s development will hugely depend on industrialization and the government’s initiatives of developing infrastructure and enhancing power generation will accelerate the industrial growth in the country. Moreover, the government is setting up industrial zones across the country to facilitate planned industrial growth. BGMEA Faruque Hassan made the observations while visiting EPV Thakurgaon Ltd. power plant at Gouripur in Thakurgaon on January 7 .


EPVTL having 115MW capacity is a subsidiary projects of Energypac Power Venture Limited. The plant is expected to go on commercial power production in February 2022. Faruque Hassan said successful implementation of the project will be a milestone for the growth of the northern part of Bangladesh. Investors will feel encouraged to establish industries in the region as the power plant will be able to meet their required demand of electricity along with availability of land and workforce, he said.

The BGMEA President said new industries will create employment opportunities for a large number of people, thus contributing to alleviating poverty and empowering women in the area. He urged investors and entrepreneurs including members of BGMEA and BKMEA to set up RMG factories and backward linkage industries in northern region of Bangladesh. He also invited investors to establish agro-processing industry which has high demand in the norther region.