Sheltech Group has announced a diversified investment programme worth approximately Tk15.04 billion across agro-processing, real estate, textiles, manufacturing and renewable energy, aiming to create nearly 45,000 jobs and expand its annual turnover to Tk100 billion by 2030.
The 38-year-old conglomerate said the expansion reflects its long-term strategy to strengthen industrial capacity, promote exports and support sustainable economic growth. More than Tk10 billion of the investment will be financed from the group’s own resources, with the remainder coming through joint venture partners, bank financing and low-cost foreign funding.
“We are diversifying our portfolio and expanding into multiple sectors to tap growing opportunities in both domestic and export markets,” said Tanvir Ahmed, Managing Director of Sheltech Group.
He added that the new projects are expected to generate significant employment while contributing to Bangladesh’s industrial and economic development.
Agro-processing leads investment drive
The group’s largest investment is in Spain Bangladesh Agro Industry Ltd, a joint venture with Spanish partners, which has received approximately Tk4 billion in investment.
The company has already commenced production at its processing facility in Parbatipur, Dinajpur, and has begun exporting sweet corn to the European Union.
The facility is designed to process sweet corn, pineapples, mangoes, tangerines, jackfruit, potatoes and other locally grown agricultural products.
Once fully operational, the project is expected to engage around 40,000 farmers under contract farming across nearly 36,000 bighas of agricultural land, create approximately 1,500 direct jobs, and generate annual export earnings of about Tk24.4 billion.
“We are committed to meeting global quality standards while ensuring sustainability and traceability throughout the value chain,” Tanvir Ahmed said.
Real estate, manufacturing and textiles
In the real estate sector, Sheltech will invest Tk5.75 billion to develop a 17-storey commercial shopping complex on its 53-katha property in Banasree, offering nearly 200,000 square feet of commercial space. Construction is scheduled to begin this month, with completion targeted for January 2030.
The company said the project will become the area’s first modern LEED-certified green shopping centre.
Sheltech is also investing Tk2.65 billion in 21 residential projects at Jolshiri Abashon under joint venture arrangements, delivering 168 residential units in the rapidly developing township.
In manufacturing, the group has completed a Tk850 million investment in Grind Tech Ltd in Sylhet, Bangladesh’s only abrasive paper manufacturing facility. The company has entered commercial production and is targeting both import substitution and export markets, including the United States.
Within the textile sector, Envoy Textiles Ltd, in which Sheltech’s owners are major shareholders, will invest Tk1.79 billion to increase blended yarn spinning capacity by 25 tonnes per day, with the expansion expected to be completed by February 2027.
Renewable energy and growth targets
As part of its sustainability strategy, Sheltech plans to install 10 megawatts of solar power generation across its operations to reduce carbon emissions and improve energy efficiency.
The conglomerate currently generates annual turnover of approximately Tk67 billion and employs around 16,000 people.
Following the completion of its ongoing investment programme, Sheltech expects annual revenue to reach approximately Tk100 billion by 2030, supported by agro-processing exports, real estate developments, expanded textile production and new manufacturing ventures.
The group’s diversified business portfolio includes real estate, construction, engineering, urban planning, ready-made garments, textiles, meat processing, tea estates, ceramics, stock brokerage, digital media, education, airline services and industrial manufacturing.
