Higher land prices in Barishal BSCIC estate depriving small entrepreneurs
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
THURSDAY, MAY 26, 2022
THURSDAY, MAY 26, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Higher land prices in Barishal BSCIC estate depriving small entrepreneurs

Industry

M Jahirul Islam Jewel
29 May, 2021, 10:00 am
Last modified: 29 May, 2021, 01:18 pm

Related News

  • BSCIC projects progress at turtle’s pace
  • PM to unveil foundation stone of Ghorashal Urea Fertiliser Project Thursday
  • Barishal-Kuakata route: No direct bus service causes tourists sufferings
  • 2 drown, 3 missing as ferry sinks off Barishal coast
  • Bus Sramik Union leader attacked in Barishal

Higher land prices in Barishal BSCIC estate depriving small entrepreneurs

Towards the beginning of the last year, the price per decimal of land was Tk29,000. But since the current fiscal year started, it went up to Tk2 lakh

M Jahirul Islam Jewel
29 May, 2021, 10:00 am
Last modified: 29 May, 2021, 01:18 pm
Photo: Amader Barishal
Photo: Amader Barishal

It has become difficult for small and cottage industry entrepreneurs to buy a plot of land in the Bangladesh Small and Cottage Industries Corporation (BSCIC) industrial zone in Barishal, as BSCIC has raised the price of land.

Towards the beginning of last year, the price per decimal of land was Tk29,000. But sincer the current fiscal year started, it was raised to Tk2 lakh.

Small and cottage industry entrepreneurs want the price to be reduced so that they can purchase plots there.

Each plot of land on the BSCIC estate is at least seven decimal in size, going up to a maximum of 37 decimals.

Arifur Rahman, owner of Hasina Cottage Industry, said he needed a plot of land for his industry but it was impossible for him to buy there due to the high price.

"I have now rented a parcel of land on the estate to set up my factory. But I cannot do anything there permanently, as I am not the owner of the plot of land. And so I cannot increase production, despite a huge demand for my products in the market," he said.

There are 110 new plots being developed in the industrial city now.

There are a total of 470 plots in the estate, including the new plots.

Of them, 360 plots were allotted to entrepreneurs earlier.

Of the owners of these plots, 100 are running their factories in the estate.

The rest have either kept their plots vacant or rented them out to other small entrepreneurs.  

Regarding the price hike, Md Jalish Mahmud, deputy general manager of Barishal BSCIC, said, "The cost of developing the land for the 110 new plots has increased several fold, and so land prices have also increased. Maybe it will be difficult to allocate plots to small entrepreneurs due to the higher prices."

Of the 110 plots, 100 plots are being developed full swing. There will be no delay in allotting the plots to entrepreneurs after completion of the development work, he said.

A written notice was issued towards the end of last year to owners whose plots were still lying vacant, and to landowners on the estate, renting out warehouses on their plots of land.

The notice asked them to vacate the plots or set up industries there, he added.

The owners have been given a set amount of time to act on the notice. If they do not start setting up industries there within the time frame, the plots will be allotted to other entrepreneurs, according to Jalish.

Kamal Ahmed Majumder, the state minister for industries, told The Business Standard that the market price of land had gone up. Besides,  maintenance and development costs have also increased, he said.

"We have already reduced the price by Tk30,000 per decimal. It was Tk2.3 lakh per decimal earlier, and now it is Tk2 lakh. However, we are reconsidering the issue of high prices. The incumbent government is industry-friendly and we are ready to take any and all measures to develop the industrial sector," said Kamal Ahmed Majumder.

Economy / Top News

Barishal / Barishal BSCIC / Small entrepreneurs / Bangladesh Small Cottage Industries Corporation (BSCIC) / Bangladesh Small and Cottage Industries Corporation (BSCIC) / BSCIC / BSCIC estate

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Wheat stock at 3-year low and that may not be good for rice
    Wheat stock at 3-year low and that may not be good for rice
  • Ousted Pakistani Prime Minister Imran Khan gestures as he travels on a vehicle to lead a protest march in Islamabad, Pakistan May 26, 2022. REUTERS/Akhtar Soomro
    Azadi March: Army deployed in Red Zone as Imran's caravan enters Islamabad
  • Photo: Collected
    Bangladesh among top 20 prospective solar farm capacity nations

MOST VIEWED

  • Mostafa Hakim Group to produce 12,000 cubic metres of oxygen daily
    Mostafa Hakim Group to produce 12,000 cubic metres of oxygen daily
  • Small firms get less from second round of stimulus
    Small firms get less from second round of stimulus
  • VAT on sales of locally-produced APIs likely to go from FY23
    VAT on sales of locally-produced APIs likely to go from FY23
  • Photo: Collected
    Spanish recycled cotton producer opens new facility in Bangladesh
  • Ice cream business thrives on Eid sales, warm weather
    Ice cream business thrives on Eid sales, warm weather
  • Milk: Pricier at retail level, yet farmers deprived of fair price
    Milk: Pricier at retail level, yet farmers deprived of fair price

Related News

  • BSCIC projects progress at turtle’s pace
  • PM to unveil foundation stone of Ghorashal Urea Fertiliser Project Thursday
  • Barishal-Kuakata route: No direct bus service causes tourists sufferings
  • 2 drown, 3 missing as ferry sinks off Barishal coast
  • Bus Sramik Union leader attacked in Barishal

Features

Psycure has received various awards for their extraordinary contributions to promoting Sustainable Development Goals. Photo: Courtesy

Psycure: Meet the organisation serving the underserved university students (and beyond) with mental healthcare 

21h | Panorama
Underlying problems such as school dropouts need to be addressed first before taking a legal route to stop child labour. Photo: Reuters

‘Child labour in a country like Bangladesh is primarily a development issue, not so much of enforcement’

22h | Panorama
The balcony railings of the Boro Sardar Bari in Sonargaon. Made of cast iron, these railings feature vertical posts with intricate designs on top. Photo: Noor-A-Alam

The evolution of railing and grille designs

1d | Habitat
A Russian army service member fires a howitzer during drills at the Kuzminsky range in the southern Rostov region, Russia January 26, 2022. REUTERS/Sergey Pivovarov/File Photo

3 months of Ukraine war : Miscalculations, resistance and redirected focus

1d | Analysis

More Videos from TBS

Where the people have more weapons than military

Where the people have more weapons than military

10h | Videos
Govt plans to amnesty in the offing to bring back laundered money to meet dollar crises

Govt plans to amnesty in the offing to bring back laundered money to meet dollar crises

12h | Videos
Poet Nazrul Islam’s 123rd birth anniversary observed

Poet Nazrul Islam’s 123rd birth anniversary observed

12h | Videos
Soaring commodity prices put pressure on budget

Soaring commodity prices put pressure on budget

17h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

3
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

4
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

5
Illustration: TBS
Banking

Let taka slide

6
Photo: Collected
Industry

Spanish recycled cotton producer opens new facility in Bangladesh

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab