Quartz to invest USD 12 Million at Summit Technopolis

December 05, 2019

Photo caption: MD of Summit Technopolis Abu Reza Khan and MD of Quartz Manufacturing Zahed Azam signed a ready-space allotment agreement for setting–up IP phone, biometric devices, security system hardware, solar panel and IP-PBX assembling and manufacturing plant in the presence of Honourable State Minister of ICT Zunaid Ahmed Palak, MP at ICT Tower, Agargaon.

Quartz Manufacturing signed a ready-space of about 20,000 square feet rental allotment agreement with Summit Technopolis to assemble and manufacture IP phone, biometric devices, security system hardware, solar panel and IP-PBX in the Hi-Tech Factory Building in Bangabandhu Hi-Tech City, Kaliakoir, Gazipur.

Under this agreement, Summit Technopolis, a subsidiary of Summit Group will provide related infrastructural support to Quartz Manufacturing for an outlay of about USD 5 million investment initially to be raised up to USD 12 million in phases. The plant is likely to commence operation by early 2020. Quartz initially plan to export the hi-tech product in India, Maldives, Sri-Lanka, Bhutan and Nepal and thereafter to North America and Africa.

The agreement signing was witnessed by the Honourable State Minister of ICT Zunaid Ahmed Palak, MP, Senior Secretary of ICT Division N M Zeaul Alam PAA, Managing Director of Bangladesh Hi-Tech Park Authority Hosne Ara Begum ndc, Director of Summit Group Fadiah Khan along with other senior officials.

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Quartz to invest USD 12 Million at Summit Technopolis

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