An agreement to this end is expected to be signed today between Bangladesh Small and Cottage Industries Corporation (BSCIC) and Bangladesh Plastic Goods Manufacturers and Exporters' Association (BPGMEA).

BPGMEA President Jasim Uddin yesterday told the news agency that the park would be built on a 50-acre land at the Maowa Highway near Dhaleshwari Bridge-2.

He said the Executive Committee of the National Economic Council (ECNEC) has already approved the project and the government has allotted the land adjacent to the Maowa Highway.

"Under the agreement, the BSCIC will develop the industrial park for the plastic goods manufacturers," the BPGMEA chief added.

The plastic goods manufacturers also hailed the finance minister for reducing import duties on raw materials of plastic goods in the budget.

"Now we will pay duties for raw materials as primary goods instead of intermediate goods," said Jasim Uddin.

Plastic goods manufacturers, however, urged the finance minister to remove inconsistencies relating to 25 percent bank guarantee for importing raw materials for plastic products and in other areas.