Sheltech Group, one of Bangladesh’s leading industrial conglomerates, has announced a Tk1,504 crore investment programme across agriculture processing, real estate, textiles, manufacturing and renewable energy sectors, aiming to create around 45,000 jobs. The expansion plan will focus heavily on contract farming, export-oriented agriculture, industrial capacity building and sustainable energy initiatives.
The Dhaka-based group said the investment would support industrial growth, increase export capacity, generate employment and contribute to sustainable economic development. A significant portion of the planned investment will come from Sheltech’s own resources, while other projects will be financed through joint ventures, bank loans and foreign funding, the company said in a press release.
Established in 1988, Sheltech Group operates across real estate, construction, premium wall and floor tiles, electrical poles, agriculture, garments and textiles, hospitality and other service sectors. The company has built its reputation on quality, timely project delivery, corporate governance and sustainable business practices.
Sheltech Group Managing Director Tanvir Ahmed said the company was expanding into multiple sectors by considering Bangladesh’s economic potential and growing international demand for locally produced goods.
He said the new projects would help increase industrial output, export earnings and employment opportunities while creating a positive impact on the country’s economy.
Agriculture project targets export growth
Sheltech Group’s agro-processing venture, Spain Bangladesh Agro Industry Ltd, a joint initiative with Spanish partners, has already received around Tk 400 crore in investment. The project has started production at its facility in Parbatipur, Dinajpur, and is exporting products to several European Union markets.
The initiative aims to bring around 40,000 farmers under contract farming arrangements. Once operating at full capacity, the project is expected to generate annual export earnings of approximately Tk 2,440 crore.
Real estate portfolio set for expansion
In the real estate sector, Sheltech plans to invest Tk575 crore in Sheltech Legacy Plaza, a 17-storey modern shopping complex in Banasree.
The project will offer around 200,000 square feet of commercial space and is planned as a LEED-certified green building meeting international standards.
The group is also developing 21 residential projects in the Jolsiri Abasan area through a joint venture, involving an investment of Tk265 crore.
Manufacturing, textile capacity to increase
Sheltech Group has completed an investment of Tk 85 crore in Grindtech Ltd, based in Sylhet, which is the country’s only abrasive paper manufacturing company.
In the textile sector, Envoy Textiles Ltd plans to invest around Tk 179 crore to increase its blended yarn production capacity. The expansion is expected to be completed by 2027.
Solar power drive targets sustainability
To reduce carbon emissions and improve energy efficiency, Sheltech Group plans to install 10 megawatts of solar power capacity across its industrial facilities.
The renewable energy initiative forms part of the group’s wider sustainability strategy.
Sheltech Group currently records annual turnover of around Tk 6,700 crore and expects the figure to rise to Tk 9,200 crore by 2030 after the new projects become fully operational.
The company expects the diversified investment programme to create new opportunities in agriculture, exports, employment and renewable energy while strengthening Bangladesh’s industrialisation and sustainable development goals.
