A land lease agreement (LLA) has been signed between PowerPac Economic Zone Private Limited, a concern of Sikder Group, and Deshbandhu Group Limited and Deshbandhu Holdings Limited.
Rick Haque Sikder, Chairman of PowerPac Economic Zone Private Limited, and Golam Rahman, Managing Director of Deshbandhu Group Limited and Deshbandhu Holdings Limited, signed the LLA on behalf of their respective sides at Sikder Group head office on 7 May in Dhaka.
Under the agreement, Deshbandhu Group has taken 33 acres of land at Mongla Economic Zone for setting up PSF, PET and Corn Gluten manufacturing plant to support the prevailing requirements by their overseas buyers.
The plant will help increase employment opportunities and play a major role in the improvement of the national economy.
A good number of local investors like Deshbandhu Group and other foreign investors have shown interest in setting up various manufacturing plants in Mongla Economic Zone.
PowerPac Economic Zone Private Limited is the first company that was awarded with a licence for 50 years to design, build, finance, own, operate and transfer (DBFOOT) 205 acres of land of Mongla Economic Zone in Bagerhat under the public-private partnership (PPP) model with the support of Bangladesh Economic Zones Authority (BEZA)