industrial units
6 industrial units of S. Alam Group shut down
Six factories, including power plant, and sugar mills, of Chattogram-based industrial giant ‘S Alam Group’, were shut indefinitely without citing any ground.
The factories were S Alam Refined Sugar Industries, S Alam Power Plant Ltd, S Alam Cold Rolled Steels Ltd, S Alam Cold Rolled Steels Ltd (SALAMCRST), S Alam Power Generation Ltd, and Infinity CR Strips Industries Ltd.
Of them, edible oil and sugar mills factories were shut by issuing notices and the four others verbally.
The notices, signed by Mohammad Borhan Uddin, head of human resources and administration department of the group, were issued in these regards on Tuesday.
However, security, delivery and emergency departments of the factories will remain functional as per the decision of the company.
Soon after the announcement of the closure, workers staged demonstrations in front of the factories demanding to keep open. The factories are located in Kalapool, Ichhanagar areas on the banks of the Karnaphuli River and Gandamara area under Banshkhali upazila.
Read: S. Alam & Co. joins hands with govt. to revive state-owned sugar mills
Wishing not to be named, an official of the group said the interim government has given a six month timeframe to the S Alam Group to settle the issues of assets and investments.
If the issues are not settled by the stipulated time, the government will move to the International arbitration.
Officials of the industrial group expressed reluctance to talk to the media about the matter.
1 month ago
PM opens, lays foundation stones of 50 industrial units, infrastructures
Prime Minister Sheikh Hasina on Sunday inaugurated and laid foundation stones of 50 industrial units and infrastructures at different economic zones on the occasion of the golden jubilee of the country’s independence.
She unveiled their plaques joining an event through a videoconference from her official residence Ganabhaban.
Bangladesh Economic Zone Authority (BEZA) arranged the event at the country’s largest industrial estate 'Bangabandhu Sheikh Mujib Shilpa Nagar' in Mirsarai of Chattogram.
Among them, four industrial units have started production at Bangabandhu Sheikh Mujib Shilpa Nagar while eight others at different privately-run Economic zones.
Besides, Karnaphuli Drydock Special Economic Zone, the administrative buildings of Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Jamalpur Economic Zone, Srihatta Economic Zone and Sabrang Tourism Park, 20-kilometre Sheikh Hasina Sarani, 230-KVA gridline and substation at BSMSN were opened.
Moreover, the foundation stones of 29 industrial units in different economic zones and a water treatment plant having 50 million litres per day (MLD) capacity in the BSMSN were laid.
Read more: Won’t suffer much from electricity crisis from next month: PM
In the BSMSN, the four industrial factories which started the commercial operation are Asian Paints of India, Nippon Steel of Japan, McDonald Steel of Bangladesh, and TK Group's subsidiary Samuda Construction Limited.
The government has been setting up 100 economic zones in different parts of the country. Some 10 million people are expected to be directly and indirectly employed in the economic zones. The government has set a target of goods production and export earnings worth around US$ 40 billion from the zones.
Among the planned 100 economic zones, the government has already approved 97 economic zones. Of them, 28 economic zones are currently under development.
In the economic zones, 29 industrial establishments are already in commercial production and 61 others are under construction. So far, some 45,000 jobs have been created in the economic zones and about US$ 4 billion have been invested in the private economic zones.
Read more: PM invites Singapore investors to special economic zones, emphasises agro-processing
Besides, the proposed investment in all economic zones is more than US$ 26 billion.
Land Minister Saifuzzaman Chowdhury, PM’s Private Industry and Investment Adviser Salman F Rahman, Chattogram-1 MP Engineer Mosharraf Hossain and President of Bangladesh Economic Zone Investors Association and also vice chairman of Bashundhara Group Safwan Sobhan also spoke at the function, while BEZA Executive Chairman Sheikh Yusuf Haroon delivered the welcome speech.
2 years ago