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Summit Technopolis Limited

Concessionaire from the Bangladesh Hi–Tech Park Authority (BHTPA) under the Ministry of Posts, Telecommunications and Information Technology, Government of the People’s Republic of Bangladesh to develop the Hi–Tech Industry of Bangladesh comprising of IT/ITES Bio–tech companies, non–polluting manufacturing /assembly lines and precision engineering companies in a total land area of 91 acres divided into 2 blocks

 


Click here to watch the video of the Signature Building by Summit Technopolis at Block II of Kaliakoir Hi-Tech Park



Bangladesh

Population

154.7 Million


Average annual growth of Labor force

1.9%


Current GDP Growth

6.2%


Projected GDP Growth

7.0%


S&P credit rating

BB-with stable outlook

Why STL?

  • Boasts a strategic position both locally and globally; located 40 km north of Dhaka with a commute time of 1.5 hours
  • Seamless connectivity; the GOB is working to upgrade the existing railway to a high–speed railway link to Dhaka and the Airport from STL along with ensuring other infrastructural amenities like power, fiber optic connectivity, custom bonding to name a few
  • Bangladesh offers significant cost advantages – both in terms of worker–wages as well as cost of infrastructure (Source: McKinsey & Company)
  • Salary of programmers in Bangladesh is 50% of that in India, 40% of Philippines and 70% of the Vietnam (Source: Nordic Consulting Group (NCG))
  • Rent for office space in Dhaka (Capital) is below 20% of that in Delhi and 40% of Manila (Source: NCG)
  • Enjoy one-stop services for clients, Cost effective options of multi tenanted and tailor–made buildings or land lease
  • Self–sufficient township with hotel, serviced apartments, dormitories, educational and recreational facilities unaffected by political unrest; self-contained
  • The Government of Bangladesh has declared software and IT services as a ‘High priority’ sector.

Incentive Package

  • 10 Year Tax Holiday applicable from the date of commercial operations.
  • Exemption of Income Tax for Expatriate professionals
  • 10 years accelerated Depreciation permissible
  • Exemption from Import Duties for construction material/equipment, software/hardware & vehicles up to 1800 CC
  • Exemption from import duties on machinery used for maintenance 100% exemption of taxes for all Exports
  • Full repatriation of Dividends/Profits & Capital permissible.
  • 100% Equity is allowed for FDI Companies
  • No cap on FDI limits
  • Hi-Tech Park will be treated as Custom Bonded Area
  • Human Resources training/development will be undertaken for the Industry in the Hi-Tech Park to get right–skilled manpower at the Hi–Tech Park.

WEBSITE

www.summit­‐centre.com/SummitTechnopolisLimited

Click here to download the company brochure