IPDC OKAYS TK 473 M INDUSTRIAL INVESTMENT

The 69th meeting of the Board of Directors of the Industrial Promotion and Development Company of Bangladesh Limited (IPDC) was held in the city recently under the Chairmanship of Al-Ameen Chaudhury, Secretary, Ministry of Industries. IPDCís directors and alternate from the Government of Bangladesh, Commonwealth Development Corporation (CDC), International Finance Corporation (IFC) and Aga Khan Fund for Economic Development (AKFED) also attended the meeting.The Board considered investments in sub-sectors projects like diagnostic centre, private hospitals with international management, poultry hatchery and breeding farm, riverine dredging and land reclamation, plastic hangers, containers and bottles, plastic packaging, pvc pipe, clinker based cement and condensed milk. The Board approved total financial assistance is Tk 472.70 million comprising of Tk 105.0 million in equity and Tk 367.70 million loan and lease finance.The 19th Annual General Meeting (AGM) was also held which received and adopted the directorís report, auditorís report and passed the audited accounts for the 12 months ended at 31.12.2000. IPDC booked a net profit after tax of Tk 98.13 million in 2000 and the company declared a dividend of Tk 7.50 per share.


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