Deal #7516

Location #1

Spatial accuracy level
Exact location
Location
N502, Ashekpur, Bangladesh

Latitude
24.78815509999999
Longitude
89.35223480000002
Facility name
Bogura Economic zone
Target country
Bangladesh
Location description
11 kilometer away from the city for the establishment of the proposed site. The place is located just beside the Bogra-Natore highway.
Comment on location
11 kilometer away from the city for the establishment of the proposed site. The place is located just beside the Bogra-Natore highway.

Land area

Intended size (in ha)
101.576
Comment on land area
106.63 acres of land in Jora Mouja, 2.91 acres in Chawkjora Mouja, 118.11 acres of land in Partekur Mouja, 15.24 acres of land in Birgaon Mouja and 8.11 acres of land.

Intention of investment

Intention of investment
[2016, current] Industry
Comment on intention of investment
the dead industrial zone of Bogura seems to have become renovated. The district administration is working hard to complete the work of the economic zone.

Nature of the deal

Nature of the deal
Outright Purchase
Comment on nature of the deal
Government Acquisition....

Negotiation status

Negotiation status
[2016] Intended (Under negotiation)
Comment on negotiation status
More than one and a half times the market value.

Implementation status

Implementation status
[2016] Project not started
Comment on implementation status
It was supposed to start in first July but Delays for land acquisition are being delayed.

Leasing fees

Annual leasing fee type
per ha

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
0
Comment on jobs created (total)
It is planned that the project will provide employment for 31 thousands people.

Number of jobs for foreigners created

Jobs created (foreign)
Yes
Comment on jobs created (foreign)
It depends on how much foreign companies are investing here. Can't say yet.

Number of domestic jobs created

Jobs created (domestic)
Yes
Comment on jobs created (domestic)
It is thought that a huge job market will be created in the area for the betterment of North Bengal. [Exact No Data Found]

Operating company

Operating company
Name of investment project
Bogura Economic Zone
Comment on investment chain
This economic zone is designed to target Light Engineering, Furniture, Food, Processing/Auto Rice Mill, RMG, Pharmaceutical, SFB those companies. With the amount being made now, after seven or eight years those items demand target will be 5 or 6 times more.

 

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Data source #1

Data source type
Media report
Publication title
Bogura economic zone progressing fast

Data source #2

Data source type
Media report
Publication title
Bogra economic zone’s groundwork begins
Date
2016-01-27

Consultation of local community

Community consultation
Free, Prior and Informed Consent (FPIC)
Comment on consultation of local community
They have been informed and are interested in this project. There are some complications with the purchase price of the land but Efforts are underway to resolve it.

How did the community react?

Community reaction
Consent
Comment on community reaction
They are willing to give up farming and turn to business.

Presence of land conflicts

Presence of land conflicts
No

Displacement of people

Displacement of people
No

Promised benefits for local communities

Promised benefits for local communities
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Financial Support
Comment on promised benefits for local communities
When this project complete, The local peoples are get Financially Support.

Presence of organizations and actions taken (e.g. farmer organizations, NGOs, etc.)

Presence of organizations and actions taken (e.g. farmer organizations, NGOs, etc.)
No presence of farmer Organizations and NGOs.

Former land owner (not by constitution)

Former land owner
Private (smallholders)

Former land use

Former land use
Smallholder agriculture
Shifting cultivation
Pastoralism

Former land cover

Former land cover
Cropland
Pasture

Water extraction envisaged

Water extraction envisaged
Yes

Overall comment

Overall comment
“The location, which has primarily been selected, is not only have potentiality for agro-based business but also for small engineering plants and export-oriented industries.”

Jan. 25, 2020, 9:18 p.m.

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