A $110 million shoe factory is being established at the Karnaphuli Export Processing Zone (KEPZ). Korea-based Youngone Group is setting up Karnaphuli Shoe Industries Ltd, considered to be one of Bangladesh's biggest shoe production companies and will have a production capacity of 30 million pairs per month.
Lt Col (retd) Md Shahjahan, General Manager of KEPZ Corporation (BD) Ltd, another company of Youngone Group, said that with the commencement of the shoe factory, employment opportunities for over 32,000 people will be generated in 72 different production lines.
The factory is being developed by the Karnaphuli Shoe Industries with an aim to encourage prospective entrepreneurs to join the sector, so that they can avoid facing the initial setbacks while developing their own factory, at the newly developed EPZ site, he said.
So as to develop the EPZ on the banks of river Karnaphuli in Anowara Upazila, around 2,700 acres of land was assigned to the company in the year 2000, by publishing a notification in the official gazette.
Shahjahan said that, while 75 percent of the land was under government possession, the remaining 25 percent was yet to be acquired from private owners. So, as of now, only 2,492 acres of land has been assigned to KEPZ from a total of 2,700 acres.
It intends to utilize around 1,200 acres of land for setting up the industrial units in separate blocks of different industries, while the remaining land will be left untouched.
He also said that, by now, almost 20-21 kilometres of roadways has been created to ensure better connectivity of the entire project site with its surrounding areas.
Shahjahan concluded by saying that, an approximate budget of $200 million has been set aside for developing infrastructural facilities; this is excluding the utility services. Also, currently, about 600 workers are working on the site.
Fibre2fashion News Desk - India