Bangabandhu Hi-Tech City (BHTC) is a

business park A business park or office park is a designated area of land in which many office buildings are grouped together. These types of developments are often located in suburban areas where land and building costs are more affordable, and are typically ...

Kaliakair Kaliakair ( bn, কালিয়াকৈর) is a city in central Bangladesh, located in Gazipur District in the division of Dhaka. It is the administrative and urban centre of Kaliakair Upazila. About 213,061 people live here which makes ...

Gazipur District Gazipur ( bn, গাজীপুর) is a district in central Bangladesh, part of the Dhaka Division. It has an area of 1741.53 km2. It is the home district of Tajuddin Ahmad, the first Prime Minister of Bangladesh and has been a prominent c ...

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

. Originally called Kaliakoir Hi-Tech Park, after the municipality in which it is located, it was renamed in June 2016 to honor ''Bangabandhu'' (Father of the Nation)

Sheikh Mujibur Rahman Sheikh Mujibur Rahman ( bn, শেখ মুজিবুর রহমান; 17 March 1920 – 15 August 1975), often shortened as Sheikh Mujib or Mujib and widely known as Bangabandhu (meaning ''Friend of Bengal''), was a Bengalis, Beng ...

. Many companies are invested in this sector.

History

The hi-tech park was formally proposed in June 1999 at a meeting of the Board of Investment. A feasibility study was conducted in 2001 by the

Bangladesh University of Engineering and Technology Bangladesh University of Engineering and Technology, commonly known by the acronym BUET, is a public technological research university in Dhaka, Bangladesh. Founded in 1876 as the Dacca Survey School, it is the oldest institution for the study ...

. A boundary wall was constructed in 2008. A further assessment was performed by

PricewaterhouseCoopers PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

in 2009. It said that one advantage of the location was that land acquisition was complete. In 2010, the

Bangladesh Hi-Tech Park Authority Bangladesh Hi-tech Park Authority (BHTPA) is a government agency in Bangladesh dedicated to establish, manage and operate technology business parks throughout the country. History Formed in 2010, BHTPA is now implementing the projects including ...

(BHTPA) was formed to regulate and operate hi-tech business parks in the country. By June 2015, the authority had awarded contracts for basic infrastructure. One of two parts of a bypass road for local residents was complete, as was an internal access road. Construction had begun on sewer lines and a sewage treatment plant; the boundary wall was being extended to enclose an expected expansion, and replaced where it had been demolished during other construction; installation of street lighting was underway; and refurbishment of a three-storey building built in 2009 but not yet occupied was in progress. The original site is divided into five blocks. Block 1 is reserved for government use. Blocks 2 and 5 are being built by Summit Technopolis, a joint venture between

Summit Group Summit Group is one of the largest Bangladeshi conglomerate (company), conglomerates. The industries under this conglomerate include communication, trading, energy and power, shipping. List of companies * Summit Industrial & Mercantile Corporatio ...

of Bangladesh and Infinity Infotech Parks of India. Bangladesh TechnoSity is developing Block 3. As of 2020, Block 4 has not been awarded. Summit Technopolis broke ground on their portion on 28 February 2016. By June of that year, the project had been expanded to .

Economy

The

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

offers various incentives to attract investors and tenants, such as tax breaks and exemptions on import duties. As of November 2020, five companies are manufacturing in the park, employing 13,000 workers.

Hyundai Motor Company Hyundai Motor Company, often abbreviated to Hyundai Motors ( ) and commonly known as Hyundai (, ; ), is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, and founded in 1967. Currently, the company o ...

has a manufacturing plant in this city.

References

* {{Cite web, date=2015-08-12, title=TechnoSity to invest $25.8m in hi-tech park, url=https://www.thedailystar.net/business/technosity-invest-258m-hi-tech-park-125416, access-date=2021-03-16, website=The Daily Star, language=en Business parks Gazipur District