In less than 8 years, the printing industry has become a city, the cost has tripled

The Bangladesh Small and Cottage Industries Corporation (BSIC) Printing Industry City project is reeling in the time-expenditure game. The project, which started eight years ago, is yet to see the light of day. But the cost has increased more than three times. The time-expenditure of the project has been increased again.

According to the Planning Commission, the cost of the project under full government funding was estimated at 138 crore 70 lakhs in the original proposal. After that, in the second phase, the project cost increased to 264 crore 55 lakh taka. Accordingly, the total expenditure increases by 125 crore 85 lakh taka. The government approved the first revised proposal of the project. The new total expenditure stands at 448 crore 18 lakh taka. As a result, the cost of the project has increased by Tk 310 crore since inception, which is more than three times. In addition to the increase in cost, the duration has also increased several times.

The project, which started in January 2016, is yet to be completed and is scheduled to be completed by December 2018. Earlier the project was extended for three years (till December 2023) without increasing the cost. In the approved first revised proposal, the duration of the project has been extended by another three years till next December. However, the project work will not be implemented even then. Therefore, the new project period has increased to June 2027. The total project implementation time now stands at 11 years.

Regarding the delay in the implementation of the project, Senior Secretary of the Planning Department Satyajit Karmakar said that the duration of the project is extended due to various reasons. The project has also been delayed due to land acquisition. It is hoped that there will be no more problems in implementing the project in the future. We talk about timely project implementation. However, some problems have to be faced during the implementation of the project.

According to Bisik sources, the project area is Sirajdikhan Upazila of Munshiganj district. The main objective of the project is to provide all the support including relocation of unplanned printing factories in Dhaka city and other parts of the country to a convenient environment friendly place, to provide infrastructural facilities to private industrial entrepreneurs to set up 299 (more or less) printing factories and poverty alleviation and economic development through job creation.

The reasons for the increase in the project cost are known to be selection of new site for the project, increase in value of land identified at the new site received from the district administration, reduction/increase in the amount and cost of various parts according to the changed 100 acres of land, completion of works as per PWD Rate Schedule-18. Cost estimate, inclusion of essential new parts, revision of project layout, change in economic code of other sectors including manpower salary and extension of project implementation period by three years etc.

Significant activities under the project include- Land acquisition and development of 8.04 lakh cubic meters of land, Construction of 375 square meters of office building and 93 square meters of pump driver quarters, Construction of 1 thousand 864 meters of boundary wall and a gate, Construction of 45 thousand 673 square meters of roads, 9 Construction of 1,475 meters of drainage system, construction of 28 culverts/cross drains, 160,53 meters of palasiding, installation of a deep tube well, 4,805 meters of water lines and 5,350 meters of power lines, installation of solar panels and 1,487 square meters of solid waste management. /Construction of dumping yard etc.

According to the Planning Commission sources, in the eighth five-year plan, the contribution of the industrial sector to the GDP should be increased to 41.86 percent in the fiscal year 2024-25, the growth of the industrial sector should be increased to 11.90 percent, efficiency in the production of products should be increased, priority should be given to labor-intensive industries, and the development of small and medium industries. , increasing production of export-oriented industries, production of import substitute products and expansion of private sector in industrial production has been emphasized.

The project, if implemented, will lead to the development of small and medium industries, increased industrialization and creation of direct and indirect employment opportunities. This will lead to poverty alleviation, which will directly/indirectly accelerate economic development and contribute to GDP.