Samuda Food Products Limited, a concern of TK Group, has started constructing its factory in Bangabandhu Sheikh Mujib Shilpa Nagar, in Mirsarai, Chattogram.
Bangladesh Economic Zone Authority (BEZA) Executive Chairman Paban Chowdhury, on Friday, laid the foundation stone of the three-unit industrial structure.
Senior officials of TK Group of Industries and Samuda Food Products Limited were present on the occasion.
Once complete, the industry is expected to create employment opportunities for around 2,000 people, read a BEZA press release.
According to the investment proposal of the Samuda Food, "The company will set up various types of chemical industries, consumer goods and food processing plants by investing $205.28 million or Tk1,740.41 crore on 60 acres of land allotted by BEZA."
Three units of the factory – an edible refinery, caustic soda unit and seed crushing unit – will be set up in the industrial park. The edible refinery part will have various consumer products; while raw salt, brine clarifier and chlorine will be produced in the caustic soda unit. Crude soybean oil, soybean cake and refined edible oil will be prepared in the seed crushing unit.
Speaking on the occasion, Paban Chowdhury said BEZA is not only facilitating setting up industries, but it is also working with various training organisations to build up sector-based necessary skilled manpower for this huge industrial city.
He said the infrastructure of Shilpa Nagar is already visible and all other facilities needed for community-based housing will soon be constructed through the World Bank's PRIDE Project.
Under the same project, work is underway to build a modern urban system by setting up training centers; CETP, ETP and STP wastewater treatment plants; a desalination plant; and a Response Center to build a green economic zone in the face of climate change, he added.
Samuda Food Managing Director Md Mostafa Haider said it plans to set up six factories, four of which will be operational soon.
Previously, Modern Syntex Limited, another concern of TK Group, leased 20 acres of land in the industrial city and began setting up factories there.
Once it is established, the project, estimated at Tk1,260 crore, will create more than 1,000 jobs. It is expected to produce 500 tonnes of polyester filament yarn, Polyester Staple Fiber and PET chips daily.