Deal #7521

Location #1

Spatial accuracy level
Exact location
Location
Moulvibazar Sadar Upazila, Bangladesh

Latitude
24.6281108
Longitude
91.66652260000001
Facility name
Srihatta Economic Zone
Target country
Bangladesh
Location description
Shreehatta Economic Zone is located in Sherpur Sadar upazila, east which Sylhet, west of Habiganj, Sunamganj on the north and Moulvibazar district on the south.The zone is situated beside the Dhaka-Sylhet Rail link. Shreemongol railway junction is only 35 km from the zone, Osmani International Airport is only 55 km and Shahjalal International Airport 208 km from the zone. Distance of Tamabil Land Port from the zone is only 100 km with direct access to Kushiara River.
Comment on location
The economic zone is located in Sherpur within Maulovibazar Sadar Upazila of Moulovibazar District.

Land area

Intended size (in ha)
142.449
Size under contract (leased or purchased area, in ha)
142.497908
Comment on land area
Honorable Prime Minister Sheikh Hasina laid the foundation stone of Shreehatta Economic Zone’s development work on 28, February 2016. That time the land size was 142.449 H. But a national media stated in September, 2019 that the land size of Srihatta Economic Zone is 142.497908 H during the inauguration. So the land under contract size becomes slightly more than planned size.

Intention of investment

Intention of investment
[2017] Industry (93 ha)
Comment on intention of investment
• Decentralization of industries • Creating employment • Gas Industry • Ceramic Industry • Glass Window • Textile and Garments • Tourism

Nature of the deal

Comment on nature of the deal
The Goverment of Bangladesh acquired 142.497908 H land the transferred BEZA to establish Srihatta Economic Zone. After that time, BEZA leased 93.4824 H land to six companies named: Flminga Fashion of DBL Group , Abdul Monem Ceramics, Aswad Comosite Mill ,Greatwalls Ceramic, Double Glazing for 50 years agreement . and Ayesha Clothing Company to develop 25 industries here.

Negotiation status

Negotiation status
Concluded (Contract signed)
Comment on negotiation status
The construction of industries is going on. Already the official structures like: boundaries, administration office, power supply, gas supply have been completed. The production will start within June, 2020.

Implementation status

Implementation status
Startup phase (no production)
Comment on implementation status
The official structure is completed. Construction of Industries is going on. Media states that production will start within June, 2020.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
50
Comment on contract
BEZA leased land to six investors by 50 years agreement.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
44000

Operating company

Operating company
Name of investment project
Srihatta Economic Zone
Comment on investment chain
BEZA allocated 68.7966 H to DBL company to develop Flaminga Fashion of DBL Group in economic zone. The total investment will be 1.18 billion doller. The expected job opportunity will be 38,400 people and expected profit from export is 3.33 billion doller. BEZA also allocated 2.8328 H land to Ayesha Clothing Company,2.8328 H Land to Aswad Comosite Mill ,10.1171 H Land to Greatwalls Ceramic, 1.21406 H Land to Double Glazing and 8.4984 H to Abdul Monem Ceramics. The total investment for Ayesha Clothing Company is 5.48 crore USD doller and the expected export profit will be 9.70 core USD doller by creating job opportunity for 2100 people.

 

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Data source #1

Data source type
Government sources
Comment on data source
This document is from BEZA's official website .

Data source #2

Data source type
Media report
Publication title
Shreehatta Economic Zone to be opened by 2018
Date
2017-12-01

Data source #3

Data source type
Media report
Publication title
মৌলভীবাজারের শেরপুরে বিশেষ অর্থনৈতিক অঞ্চল
Date
2019-09-18
Comment on data source
This is a national news paper's link. This news is in bangla.

Data source #4

Data source type
Media report
Publication title
শ্রীহট্ট ইকোনমিক জোন দুই বছরেও নেই দৃশ্যমান অগ্রগতি কর্মসংস্থান হবে ৩০ হাজার লোকের
Date
2018-03-21
Comment on data source
This is a local news paper's link. This news is in bangla.

Data source #5

Data source type
Media report
Publication title
শ্রীহট্ট অর্থনৈতিক অঞ্চল উন্মুক্ত হচ্ছে জুনের মধ্যে
Date
2018-03-02
Comment on data source
This is a national news paper's link. This news is in bangla.

Names of communities / indigenous peoples affected

Comment on communities / indigenous peoples affected
The local people is the owner of 97.071945 among total land. During the acquisition, the landowners got promise to get compensation. But due to corruption, they do not get any compensation and lose their living land also. Literally they become landless and brutally affected.

Recognitions status of community land tenure

Recognition status of community land tenure
Community traditional or customary rights not recognized by government
Comment on recognitions status of community land tenure
The land rights of local people become violated by this economic zone. The local government leaders (directly took over the land rights of those people.

Consultation of local community

Community consultation
Limited consultation
Comment on consultation of local community
Many Local people did not know the process of lifting money against the acquisition of their land. A group of landowners did not know about the land acquisition. So a few corrupted people including local government took over money of those landowners. Landowners were just unaware about that.

How did the community react?

Community reaction
Mixed reaction
Comment on community reaction
When the local community knew about the economic zone in their locality, they started to believe that he local youth got job, the development will be happened around them. But within two years of inauguration, they found there was no progress in work. They came to know that the compensation of landowners was snatched by some corrupted local government leaders. They become frustrated.

Presence of land conflicts

Presence of land conflicts
No

Displacement of people

Displacement of people
Yes

Negative impacts for local communities

Negative impacts for local communities
Environmental degradation
Socio-economic
Eviction
Comment on negative impacts for local communities
The landowners became landless. They did not get any compensation. Rather their money was taken over. So they face eviction and socio-economic loss. Illegal lifting of sand from the Kushiyara river is going on. This will cause environmental degradation.

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
The government promised to give 2 lakh 70 thousand taka per 40.4686 H land. Approximately 2.92 billion BDT compensation was allocated for those acquired land.
Received compensation (e.g. for damages or resettlements)
The landowners were not fairly informed about compensation. The corrupted local government leaders and a few number member of parliament made fake papers and became fake landowner and lift the money instead of real landowner. So the compensation money was stolen by those corrupted person and real landowners became sufferers.

Promised benefits for local communities

Comment on promised benefits for local communities
A local media reported in 2018 that No progressive is visible within two years.

Former land owner (not by constitution)

Former land owner
Community
Comment on former land owner
The government acquired 142.497908 from local people and allocated 2.92 billion BDT compensation for landowners.

Water extraction envisaged

Water extraction envisaged
Yes
Comment on water extraction envisaged
The zone has direct access through to Kushiara River.

Source of water extraction

Source of water extraction
Surface water (River, Lake)
Comment on source of water extraction
Surface water is available within 1 km from the zone. 6 MLD water line will be installed for piping water from Kusiara river.

Overall comment

Overall comment
The Government acquired 142.497908 H land and transferred to BEZA to establish Srihatta Economic Zone in Moulovibazar district. BEZA leased 93.4824 H land to six companies for developing 25 industries to create employment opportunities for 44000 people directly and 1,50,000 people indirectly. The Government allocated 2.92 billion BDT against acquisition of land. But the local landowners could not lift this money as the corrupted local government leaders became fake landowners and took over the compensation money.

Jan. 26, 2020, 4:29 p.m.

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