Govt to invite private partners soon to develop Hi-Tech Park

Bangladesh Sangbad Sangstha . Dhaka

The government in principle decided to invite expression of interest from interested private investors to develop Hi-Tech Park at Kaliakoir in Gazipur district.
It has been decided that the park will be developed on a public-private partnership basis and advertisement in this regard would be given in national dailies this week seeking EOI from interested companies.
The decision was taken at a meeting of the executive committee of High Tech Park Authority at Bangladesh secretariat with State Minister for Science, Information, and Communication Technology Yeafesh Osman in the chair.
For encouraging high tech park developers and investors, the government has decided to offer a 10-year tax holiday to the entrepreneurs who will set up industries at the high tech village.
Besides, investors would get accelerated depreciation facilities in buying equipment up to 10 years and foreign nationals working in the industry could enjoy three years’ tax exemption. On the other hand, investors will also get tax exemption to import all kinds of machineries up to 10 years.
The basic infrastructure of the Hi-Tech Park was constructed on an area of 232 acres at Kaliakoir beside the Dhaka-Tangail Highway, 25 kilometres away from Hazrat Shahjalal International Airport in the capital city Dhaka.
The park is connected with the seaports of Chittagong and Mongla and land ports of the country both by road and railways.
The basic infrastructure includes a three-storey administrative building, internal roads, sewerage system, gas, power and water supply, electricity substation, and optic fibre connection to provide high power bandwidth with Internet facilities.
The meeting also decided to provide other facilities, including offshore banking, for investors. ‘There is no alternative to information technology to carry forward the country. That’s why the government has decided to develop the Hi-Tech Park at Kaliakoir,’ Yeafesh Osman said.