Turning haor areas into economic hub: Kishoreganj EZ kicks off next month | 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
Turning haor areas into economic hub: Kishoreganj EZ kicks off next month

Economy

Jahir Rayhan
07 February, 2022, 03:00 pm
Last modified: 07 February, 2022, 04:42 pm

Related News

  • Kishoreganj man, who dug thousands of graves without pay, dies
  • 7 children and teens drown in separate incidents across 5 districts
  • Kishorganj emerge as champions in NCC
  • 4 farmers, 2 schoolgirls killed in lighting strikes across 3 districts
  • Deadly lightning appears scary for Kishoreganj haor, hampering harvest

Turning haor areas into economic hub: Kishoreganj EZ kicks off next month

Jahir Rayhan
07 February, 2022, 03:00 pm
Last modified: 07 February, 2022, 04:42 pm

The first-ever economic zone in the country's hoar areas is set for a launch in Kishoreganj, 90km from the capital Dhaka, with the Indian Tata Group going into production of pickups in March.

It is expected to create 2,000 jobs initially, and then in five years, the figure will gradually increase to 20,000, says Nitol Niloy Group, which is developing the Kishoreganj Economic Zone.  

The factory, being set up for Tk500 crore, will manufacture 2,000 pickups a year, according to Nitol Niloy Group, the auto giant's local partner in Bangladesh.

Abdul Matlub Ahmad, chairman of Nitol Niloy Group, said, "Tata has invested around Tk500 crore. It has completed all preparations including installation of machinery."

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

"The company will go into production next month. Apart from selling in the Bangladesh market, Tata Group also plans to export pickups to other countries such as Sri Lanka," added the founder of Nitol Niloy Group – the main thrust of which comes from marketing Tata brand of buses, trucks and pickups in Bangladesh.

He further said that all the land will be developed by June. Setting up of infrastructure and the factory are going on simultaneously. 60% of land development and 90% of wall construction has already been completed.

"Aside from Tata, Nitol Niloy Group is investing Tk600-900 crore in the tyre industry with an annual production capacity of 3.5 lakh units," Abdul Matlub said.

"Investments are expected in other sectors such as light engineering. In all, an investment of Tk2,000crore will come in this economic zone. Hopefully, in 2023, all the companies will go into production," he added.

Nitol Niloy Group is developing the zone adjacent to Bhairab-Kishoreganj Highway in Pakundiaupazila with the approval of the Bangladesh Economic Zone Authority (Beza).

Abdul Matlub said the private economic zone, close to Bhairab, the gateway to the agro-based haor region, would easily attract investment and play a major role in the economic development of the area.

He said that in addition to the pickup and tyre industries, the Nitol Niloy Group wants to build a hub for light engineering in the zone where companies from India, China and Turkey are interested in building small factories.

They will manufacture car bumpers, lights, electronic car components in particular. These will be sold in Bangladesh and will be exported abroad, he added.

The Nitol Niloy Group has announced that its bus-truck tyre factory will be launched on a trial basis in December 2022. Necessary equipment will arrive in early January.

Matlub, also a business leader, said, "From 2023, we will be able to meet the entire local demand for tyres for buses and trucks. We will sell tyres under our brand – Nitoltyres and Niloytyres."

International hotels and restaurants in the offing

The economic zone is in a favourable location for cargo transportation and other communications. It is connected to the Bhairab-Kishoreganj 100-foot Highway.

The railway line, built by the zone authorities, is connected to the Bhairab-Kishoreganj line at the Gachihata Railway Station point and the distance of the zone from Ashuganj and Bhairab river ports is only 40km.

The zone will have waste management and water treatment plants. This will be the complete logistics zone. Its main entrance will have state-of-the-art security such as active weight measurement. There will be reservoirs, recreation centres, state-of-the-art medical facilities and educational institutions.

The zone will have green forestry with a daycare facility. Separate buildings will be constructed for administrative work such as banks, insurance and government offices. Investors will enjoy the incentive package announced by Beza.

Also, there will be a one-stop service (OSS) facility, high-speed internet and other information technology, uninterrupted electricity and gas supplies. There will be international standard hotels and restaurants.

Beza is working towards establishing 100 economic zones across the country by 2030. The goal is to create employment for 10 million people directly as well as indirectly. It also expects to produce and export products worth $40 billion annually in and from these economic zones.

Top News

Kishoreganj Economic Zone / Nitol Niloy Group / Tata Group / Kishoreganj / Haor Areas / Bangladesh haor areas

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
  • 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
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin

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

  • Kishoreganj man, who dug thousands of graves without pay, dies
  • 7 children and teens drown in separate incidents across 5 districts
  • Kishorganj emerge as champions in NCC
  • 4 farmers, 2 schoolgirls killed in lighting strikes across 3 districts
  • Deadly lightning appears scary for Kishoreganj haor, hampering harvest

Features

Photo: Collected/BBC

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

17h | The Big Picture
Illustration: TBS

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

20h | 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

20h | Panorama
Photo: Rajib Dhar/TBS

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

13h | Panorama

More Videos from TBS

India is strengthening ties with Israel

India is strengthening ties with Israel

17m | TBS World
'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

16h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

16h | TBS World
Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

17h | TBS Today
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