Meghna Group of Industries’ (MGI) USD 700 million investment in the Cumilla Economic Zone remains inactive due to a lack of essential power and gas connections. The steel, glass, and paperboard units have been idle for over two years, leading to annual losses of BDT 80 Crore. Despite MGI’s additional investment of BDT 200 Crore for infrastructure improvements, progress has been slow.
Authorities are currently in discussions to address the energy crisis and expedite utility connections, which are critical for the successful operation of the units. A swift resolution is essential for unlocking the economic potential of the zone and ensuring that MGI’s investment contributes to the region’s industrial growth.
