Adamjee Jute Mills in Narayanganj, founded in 1957, was closed down in June 2002, after the nationalised industry had incurred a huge Tk 13 billion loss accumulated since the independence.
The AEPZ to be set up on the mills' 295 acre land will comprise 200 industrial plots. It eyes a $500 million export a year and is expected to create some 100,000 jobs. Investments to the tune of $250 million for 70 industrial units have already been proposed.
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