DHAKA, Mar 2 (BSS) - Khan Brothers Shipbuilding Ltd (KBSBL), one of the leading local shipbuilders, built the country's biggest shipyard at a cost of Taka 150 crore, making an important milestone in the growing shipbuilding industry.
A source in the company said here today that Finance Minister Abul Maal Abdul Muhith will inaugurate the shipyard located on the bank of the Meghna in Hosendi union of Gazaria upazila in Munshiganj tomorrow (Sunday).
"It's the largest shipyard in Bangladesh. All kind of facilities required for a shipyard of global standard have been set in it, " managing director of the company Tofayel Kabir Khan told BSS.
On the occasion, Kabir said, a tourist vessel would be handed over to a local buyer. Industries Minister Dilip Barua, President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) AK Azad, German Ambassador to Bangladesh Holger Michael and Denmark ambassador Svend Olling will attend the function as special guests.
Kabir said the company has procured orders to build 24 different categories of ferries, oil tankers and tourist vessels worth about Taka 250 crore.
Of the 24, he said, one tourist vessel has already been readied to hand over to a UK- Bangladesh joint venture.
The KBSBL joined the shipbuilding industry in March 2010 with an initial investment of Taka 100 crore. Kabir, a young entrepreneur, said they have procured orders to build 24 different categories of ferries, oil tankers and tourist vessels worth about Taka 250 crore.
Of the 24, he said, one tourist vessel has already been readied to hand over to a UK-Bangladesh joint venture and keel laying of eight oil tankers and steel cutting of another 10 oil tankers would be completed by March. "We are now at the final stage of signing contract with a German company for building ships valued at 100 million Euro. The agreement would be signed by March," he hoped.
The KBSL has a plan to expand investment for building large seagoing vessels up to 15,000 DWT, he added.
Bangladesh is receiving a good number of orders from Europe, Middle East and Japan as they consider Bangladesh as a cost- effective destination for shipbuilding for its cheaper labour and lower production costs.
Bangladesh is now receiving orders of oceangoing ships and ferries from Germany, Denmark and the Netherlands. At present, apart from Khan Brothers, Ananda shipyard and Slipways Ltd (ASSL) and Western Marine are the leading companies that make ships for international buyers.
They have received export order worth $ 500 million with a deadline to deliver those by 2013, according to Export Promotion Bureau (EPB).