MEP Hi-Tech Industrial Park Limited, a part of MEP Group, is planning to invest Tk 200 crore in establishing a state-of-the-art manufacturing facility for electrical and electronic products on approximately 10 acres of land at the National Special Economic Zone in Mirsharai upazila, Chattogram. The Bangladesh Economic Zones Authority (Beza) and MEP Hi-Tech Industrial Park Limited recently signed a land lease agreement at Beza’s office in Agargaon, Dhaka.
MEP Group, founded in 1974, is a prominent Bangladeshi conglomerate serving about 2,000 corporate clients and operating over 1,000 distribution networks across the country. The new facility will focus on manufacturing electrical wires, switches, sockets, fans, LED lights, circuit breakers, and other related products to enhance local manufacturing capacity and reduce dependence on imports.
The construction of the manufacturing plant is set to commence in April 2026, with the completion targeted for December 2028 and commercial production expected to begin in January 2029. Once operational, the facility is anticipated to create job opportunities for approximately 2,000 individuals directly and indirectly.
Saleh Ahmed, Beza’s executive member for investment development, highlighted that the Tk 200 crore investment from a local industrial entity will promote import substitution, export diversification, and technology-oriented industrial growth. Jahangir Alam Chaklader, the managing director of MEP Group, expressed optimism that the project will boost the domestic production of electrical goods and bolster the nation’s export potential in the coming years.
Currently, the National Special Economic Zone houses around 15 operational industrial units, with an additional 20 units under construction to further enhance industrial activities in the region.