Bangladesh is a growing country. The prediction is the steel consumption in 2022 will be 75 kg per capita. To maintain the stable GDP growth and become a developed nation, this number has to reach at least 100 kg per capita by next 5 - 8 years. To make this happen we need much bigger plants than the one BMSIL is going for. But BMSIL took the role for paving the path for the future and Bangladesh will have more plants like this or higher capacity in the coming days to cater the development projects' needs.
Bashundhara is always emphasizing on establishing in new business projects in geographically convenient location with a view to create strong market position and high growth potentiality. The proposed project will be established on a land measuring 70 acre at Bashundhara Industrial Economic Zone Ltd. (BIEZL) allocated by Bangladesh Economic Zone Authority (BEZA) at Bangabandhu Sheikh Mujib Shilpa Nagar, Zone-15, Mirsarai Economic Zone. Strategically, the project is going to be established in such a location which is very close to Dhaka –Chattogram highway and Chattogram port from where it will be enjoying couple of advantages such as: (a) Infrastructural facilities including well connected roads and rivers ensured by the Govt. of Bangladesh. (b) Cheaper transportation costs (both inbound and outbound) which will help the project to keep the cost of products at a lower level that, in turn, will allow the project to sell the products at quite a competitive price to the customers. The technology of steel manufacturing unit is not new one in the country. Yet in this plant, the most updated technology will be used, “Micromill” - a Minimill based on ultra-compact design and extremely low transformation costs.