Bashundhara and PowerPac to set up bag manufacturing plant at Mongla Economic Zone | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Bashundhara and PowerPac to set up bag manufacturing plant at Mongla Economic Zone

Corporates

UNB
28 June, 2020, 09:15 pm
Last modified: 28 June, 2020, 09:19 pm

Related News

  • Bashundhara chairman seeks 90-day extension from ACC to appear before it
  • Bashundhara begins truck sale of commodities in 64 districts
  • UK Cross Party Parliamentary delegation meets Bashundhara Group MD
  • 'DB will arrest Basundhara MD if Gulshan police provides arrest requisition'
  • Bashundhara Group Managing Director accorded Best Excellence Award 2021

Bashundhara and PowerPac to set up bag manufacturing plant at Mongla Economic Zone

The LLA was signed between the PowerPac and the BICL at a function at the Sonargaon Hotel in the city on Sunday in presence of Mr Paban Chowdhury, Chairman of BEZA  and All senior officials of Bangladesh Economic Zones Authority (BEZA)

UNB
28 June, 2020, 09:15 pm
Last modified: 28 June, 2020, 09:19 pm
Photo: UNB
Photo: UNB

PowerPac Economic Zone Private Limited signed a Land Lease Agreement (LLA) with Bashundhara Industrial Complex Limited (BICL) to provide 30 acres of land for a bag manufacturing plant at Mongla economic zone. 

The LLA was signed between the PowerPac and the BICL at a function at the Sonargaon Hotel in the city on Sunday in presence of Mr Paban Chowdhury, Chairman of BEZA  and All senior officials of Bangladesh Economic Zones Authority (BEZA), said a press release.

Sayem Sobhan Anvir, Managing Director, Bashundhara Group and John Haque Sikder, Group Director, PowerPac Economic Zone Pvt. Limited, signed the agreement while top officials of both sides were present in the event. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

As per the agreement, the BICL has been allocated 16 acres of land at Mongla economic zone for setting up bag manufacturing plant to support their prevailing requirements. The plant will help increase employment opportunities as well as play a major role to improve the national economy.

PowerPac Economic Zone (Pvt.) Limited, a concern of Sikder Group, the first company that was awarded with a license for 50 years to Design, Build, Finance, Own, Operate and Transfer (DBFOOT) 205 acres land of Mongla Economic Zone, Bagerhat under Public Private Partnership (PPP) model with the support of Bangladesh Economic Zones Authority (BEZA). 

Mongla Economic Zone is potentially the most lucrative economic zone in Bangladesh due to its strategic location within a 1-kilometre radius of Mongla Port, which is the second biggest seaport of the country. The proposed site for the planned Khan Jahan Ali Airport is located only 20 Kilometer away from the zone. 

The completion of the Padma Bridge, flagship infrastructure project of the country's first 50 years, will itself open up a number of options for time-efficient transportation through road and rail connecting the southwest part of Bangladesh. This will play a vital role to increase the demand of Mongla Economic Zone (M.E.Z.) as well as Mongla Port.

M.E.Z. is now fully developed for setting up factories. Various infrastructure development activities are going on there to the tune of over Tk300 crore. 

The zone is legally considered to be a custom bonded area. As such, Ansar contingent is deployed for security and safety of the investors. Upcoming off-site infrastructures of the zone has included but not limited to Entrance Plaza, Place of Worship, Commercial Bank, Insurance Company, Admin building, Fire Station, Guest House, Investors Club, Service Apartment, Dormitory, Retail Stores, Warehouse, Customs, CETP, etc. 

Almost a third of the total land  under M.E.Z. has been identified as green and open spaces, making it an eco-friendly zone.

Good number of local investors like Bashundhara Group and foreign investors have shown interest for setting up various manufacturing plants within the M.E.Z.

PowerPac Economic Zone Pvt. Ltd. welcomes all local and foreign investors to invest at Mongla economic zone considering its strategic location and future business potentiality, said the press release.

Basundhara Group / PowerPac

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

  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow
  • Bangladesh and US hold tariff talks for second day on 9July 2025. Photo: CA Press Wing
    35% tariff: Bangladesh, US 'reach general consensus on some issues' on second day of talks; final round today

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • Bashundhara chairman seeks 90-day extension from ACC to appear before it
  • Bashundhara begins truck sale of commodities in 64 districts
  • UK Cross Party Parliamentary delegation meets Bashundhara Group MD
  • 'DB will arrest Basundhara MD if Gulshan police provides arrest requisition'
  • Bashundhara Group Managing Director accorded Best Excellence Award 2021

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

19h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

22h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

22h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

15h | Panorama

More Videos from TBS

Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

50m | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

1h | TBS World
'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

17h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

17h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

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