The inability to secure essential gas and electricity connections has hindered the Cumilla Economic Zone (CEZ) from commencing production, according to Mostafa Kamal, Chairman and Managing Director of Meghna Group of Industries (MGI). Despite ongoing construction, challenges in obtaining these connections have delayed the glass and steel re-rolling factories’ operational launch by the end of the current year.
On a positive note, Meghna Group’s Titas Economic Zone (TEZ) recently obtained a pre-qualification license from the Bangladesh Economic Zones Authority (BEZA) on December 20. While emphasizing the commencement of efforts for TEZ, Chairman Kamal expressed optimism that, with timely government support for gas and electricity provision, all necessary connections could be established within two to three years.
Meghna Group envisions an investment of $3 billion in TEZ, which spans approximately 400 acres along the Meghna River in Chalivanga, Cumilla. The strategic location, proximity to key transportation routes, and the availability of river facilities position TEZ as an attractive prospect for both domestic and foreign industries. Currently, Meghna Group oversees three economic zones, with Meghna Industrial Economic Zone (MIEZ) and Meghna Economic Zone (MEZ) already operational, and CEZ awaiting investor handover.