Deal #7390

Location #1

Spatial accuracy level
Administrative region
Location
Jamalpur Sadar Upazila, Bangladesh

Facility name
Jamalpur Economic Zone
Target country
Bangladesh
Location description
It is situated only 13 KM from the Jamalpur main city.
Comment on location
Jamalpur is a part of Mymensingh Division and located between 24°34′ and 25°26′ North and between 89°40′ and 90°12′ East. It shares an international border with the Indian state of Meghalaya in the North East, while being surrounded by Kurigram and Sherpur districts in the North, Tangail district in the South, Mymensingh and Sherpur districts in the East, Jamuna River, Bogra, Sirajganj and Gaibandha districts in the West. The main town is situated on the bank of the river Brahmaputra, only 140 km (87 mi) north of Dhaka, the national capital and the Jamalpur Economic Zone only 13 KM from the Jamalpur main city.

Land area

Intended size (in ha)
176.0
Size under contract (leased or purchased area, in ha)
[current] 176.92
Size in operation (production, in ha)
[current] 95
Comment on land area
For establishing Jamalpur Economic Zone 436.92 acres of land is acquired from different mouzas of Digpayat and Titpalla Union of Jamal district. Among of these, the official Khas land is 92.95 acres and the remaining 343.97 acres of land has been acquired from local landowners.

Intention of investment

Intention of investment
Food crops, Agriculture unspecified, Industry
Comment on intention of investment
Developing a planned industrial hub in the northern region utilizing agricultural potentials.

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Leasing out 245 acres of land to potential investors and ensuring direct/ indirect employment of nearly 100 thousand people within next 15 years.

Negotiation status

Negotiation status
Concluded (Contract signed)
Comment on negotiation status
For land allotment, prospectus has been launched on 20th June 2019.

Implementation status

Implementation status
Startup phase (no production)
Comment on implementation status
preliminary soil filling work is underway in the project area.

Purchase price

Purchase price
302
Comment on purchase price
The project has been allocated Tk 121 crore for acquisition; but in the last three years, 235 acres of land have been acquired. The remaining 116 acres of land is not yet occupied.

Leasing fees

Comment on leasing fees
The project has been allocated Tk 121 crore for acquisition; but in the last three years, 235 acres of land have been acquired. The remaining 116 acres of land is not yet occupied.

Contract farming

Contract farming
No

Contract #1

Contract date
2016
Contract expiration date
2020-06
Duration of the agreement (in years)
5

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
70000
Planned employees (total)
70000
Comment on jobs created (total)
To encouraging rapid economic development through diversification of industries and augmentation of employment, production and export.

Operating company

Operating company
Name of investment project
Jamalpur Economic Zine
Comment on investment chain
Fully government owned, Eco friendly area, Vacant land, easy to initiate, Offsite utility provisions Great potential for expansion.

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Government sources
Comment on data source
This data is more reliable.

Data source #2

Data source type
Media report
Publication title
জামালপুর অর্থনৈতিক অঞ্চলের কার্যক্রমে ধীরগতি
Comment on data source
This data is more reliable.

Consultation of local community

Community consultation
Not consulted
Comment on consultation of local community
The Government did not consult with the Marginalized people.

How did the community react?

Community reaction
Mixed reaction
Comment on community reaction
At least 10 villages and lot of houses are under threat and they lost their houses & lands.

Presence of land conflicts

Presence of land conflicts
No

Displacement of people

Displacement of people
No

Negative impacts for local communities

Negative impacts for local communities
Environmental degradation
Socio-economic
Eviction
Violence
Comment on negative impacts for local communities
At least 10 villages and lot of houses are under threat and they lost their houses & lands. Besides, there is a dispute with the locals regarding the mining of the soil for the development of the project.

Former land owner (not by constitution)

Former land owner
Community
Comment on former land owner
The land owners do not leave their house.

Former land use

Former land use
Commercial (large-scale) agriculture
Smallholder agriculture

Former land cover

Former land cover
Cropland
Marginal land
Comment on former land cover
There is a dispute with the locals regarding the mining of the soil for the development of the project.

Detailed crop, animal and mineral information

Crops area
Aquaculture (unspecified crops), Vegetables (unspecified) (160 ha)
Crops yield
Aquaculture (unspecified crops), Vegetables (unspecified)

Detailed contract farming crop and animal information

Contract farming crops
Aquaculture (unspecified crops) (160 ha)
Comment on contract farming crops
agricultural potentials

Use of produce

Has domestic use
Yes
Has export
Yes

In country processing of produce

In country processing of produce
Yes

Water extraction envisaged

Water extraction envisaged
No

Voluntary Guidelines on the Responsible Governance of Tenure (VGGT)

Application of Voluntary Guidelines on the Responsible Governance of Tenure (VGGT)
No

Principles for Responsible Agricultural Investments (PRAI)

Application of Principles for Responsible Agricultural Investments (PRAI)
No

Overall comment

Overall comment
To establish Jamalpur Economic Zone, dredging is going on freely to remove soil and sand from Bamunji Bills and Bansi canals. For this reason, at least 10 villages and lot of houses are under threat due to unplanned dredging.

Nov. 20, 2019, 9:19 p.m.

active

This version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.