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DBL Group to invest $ 650 mn in Bangladesh

Aug 25, 2021
DBL Group to invest $ 650 mn in Bangladesh

Bangladesh

DBL Group has decided to invest an amount of $650 million to set up 10 manufacturing units for ceramics, textiles, and sanitary ware in the Sreehatta Economic Zone in Moulvibazar.

DBL Group is one of the leading exporters. This announcement was made when the foundation stone laying ceremony of the DBL Industrial Park was conducted at the Pan Pacific Sonargaon Dhaka.

According to MA Jabbar, Managing Director, DBL Group, this is an important step for the group as it will help in achieving the vision of pushing the next phase of Bangladesh's growth further using the best infrastructure. He also said that the Group is always focused on challenging the conventional manufacturing methods and moving the industry towards an efficient and automated platform.

He further said that this technologically advanced and integrated industrial park is going to help the Group, upskill workers so that it can create a sustainable co-dependency between man and machine. This will further help the facilities to manufacture standard and luxurious products for both industrial and consumer use.

According to Shaikh Yusuf Harun, Executive Chairman, Beza, DBL Group has decided to make this investment because it wants to achieve its goals of creating world-class quality products and materials. He also said that this investment will also give confidence to the foreign investors to invest in the country and help in its development.

Source – The Daily Star