B'desh's Summit Group and India's Infinity Infosys Parks to build high-tech biz park

Dhaka, June 29 (KNN) Bangladesh's leading conglomerate Summit Group and India's Infinity Infosys Parks have entered into a pact to jointly invest USD 207.59 million to build the country's biggest technology park which is expected to provide jobs to nearly 60,000 IT professionals.

State-run Bangladesh Hi-Tech Park Authority (BHTPA) and Summit Technopolis Limited, a sister company of the Summit Group, signed the deal here last night to build the Kaliakoir Hi-Tech Park (KHTP) at Gazipur district, 37 kilometres north of Dhaka, reports a leading news agency.

Under the agreement, Summit Technopolis and India-based Infinity Infosys Parks Limited will jointly invest USD 207.59 million in the first phase of building the high-tech park, for which the government had provided the KHTP with 232 acres of land.

According to the project documents the first phase of development will be fully operational within 10 years and would create job opportunities for 60,000 IT professionals.

The Summit would bear 90 per cent of the total costs of the project while the Infinity would provide the remaining 10 per cent. (KNN Bureau)