Oryx Bio-Tech to establish country's first bio-tech industry at BHTC

- A Monitor Desk Report Date: 16 August, 2020

Dhaka : Oryx Bio-tech Ltd is to invest USD 300 million to establish the first bio-tech industry in the country at Bangabandhu Hi-Tech City in Kaliakoir, Gazipur. The venture is to create high paying jobs for 2,000 people.

For this purpose, Bangabandhu High-Tech Park Authority, Oryx Bio-Tech and Summit Technopolis signed a tripartite deal at the headquarters of the ICT Division in the capital on August 11.

The agreement was signed by Hosne Ara Begum, Managing Director of BHTPA, Abu Reza Khan, Managing Director of Summit Technopolis Ltd and Kazi Shakil, Chairman, Oryx Biol-Tech Ltd.

David Bo, Managing Director of Oryx Bio-Tech Ltd joined the occasion through a video call from China.

As per the agreement, the bio-tech venture will produce therapeutics required to provide treatment for critical bacterial or viral diseases and infections. The factory will be established with the handling capacity of around 1,200 tonnes of plasma for manufacturing import substitute and life-saving biomedicine and derivatives, said David Bo virtually.

Oryx Bio-Tech Ltd is to invest USD 300 million for the industry to be established on the land allocated by Summit Technopolis Ltd at BHTC. The venture will generate high paying jobs for 2000 people, said Abu Reza Khan, Managing Director, Summit Technopolis Ltd.

Hosne Ara Begum, Managing Director of BHTPA further mentioned that the 355 acre BHTC has currently allocated plots to 37 companies, among which five have already started production. The foreign companies such as Samsung, Symphony, Nokia and several others will work on mobile phone assembling and manufacture, optical cable, hardware, software, data-centre etc, she added.

Nasrul Hamid, State Minister of Power, Energy and Mineral Resources, joined the event virtually as the Chief Guest, while Zunaid Ahmed Palak, MP, State Minister for ICT presided over the ceremony.

"Already BHTC has received a total of BDT 327 crore investment and provided jobs to 13,000 people. Such hi-tech parks will be established in 28 locations countrywide. We hope to see these parks receive BDT 2400 crore investment by 2025," said the ICT State Minister.

Muhammed Aziz Khan, Chairman of Summit Group and NM Zeaul Alam, Senior Secretary, ICT Division joined the programme as Special Guests.

Aziz Khan expressed his hopes that this plasma fractionation plant will add a new dimension to the development of Bangladesh in the birth centenary of Bangabandhu.

Zeaul Alam also claimed that the High-Tech Park is playing a leading role in fulfilling the ICT Division's goal of producing USD 5 billion export earnings and two lac jobs by the year 2025.

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