The unsold yarn at the spinning mills of Bangladesh is piling up abnormally because of a fall in work orders by 30 per cent for apparel items from international clothing retailers and brands.
A deepening energy crisis is hitting industries in Bangladesh hard, forcing them to cut production by as much as 50 per cent as escalated import bills have forced the country to lower gas purchase from international sources.
Economic zones, a landmark initiative of the government to support planned industrialisation, have been flourishing fast with a surge in investment proposals from local and foreign investors. So far, investment proposals of $40 billion from local and foreign investors have been placed with
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BEZA gets $27.07b investment proposals
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DHAKA, March 16, 2021 (BSS) – Bangladesh Economic Zones Authority (BEZA) has, so far, received investment proposals amounting to around US$27.07 billion from local and foreign business entities, thanks to various steps of the government to attract new investments.
The proposed investments may create over 10 lakh job opportunities in the country.
Out of the total amount, around $23.97 billion investment proposals have come for the government EZs while $3.1 billion for private EZs.
Of those, around $1.62 billion proposals have been come as foreign direct investment (FDI) from different companies of China, India, the UK, the USA, the Netherlands, Japan, Singapore, Australia, South Korea, Malaysia and Germany.