Reported by: Arifur Rahman Tuhin
Written by: Eshan Maitra
Akij Group was granted the permission of make a foreign investment worth of 2 crores US Dollars in Malaysia. Though, they have to follow through 13 strict rules. Rejected two other applicant organizations are Ha-Mim & Nitol-Niloy Group. Proposals of about this issue was presented at the Cabinet meeting on 14 May. Bangladesh Bank Executive Director Ahmed Jamal was the head of the team for inspecting this proposal. Decisions were taken after 5 months of careful discussions & statistics reviewing. Akij Jute Mills Limited is going to be forming Akij Resource SDN BHD Company in Malasia. They sent request for sending 20 million dollars investment for this project, to PEC. Malyasian Robin Resources SDN BHD will be fully bought-out by Akij Group with another 60 million dollars loan, at total of 80 million. Other two groups were denied because they failed to submit proper & sufficient data about their project details.