Entrepreneurs in Bangladesh have pumped billions of dollars into the shipbuilding sector in recent years to meet their own demand for vessels as well as regain the international market.
The Bangladesh government is a step closer to build a planned shipyard near the Payra seaport in Patuakhali, with a proposal of Tk14,000 crore in foreign direct investment..
The Bangladeshi government looks to set up a shipbuilding facility in partnership with foreign investors at the Payra seaport in Patuakhali with an investment of $1.58 billion to cut import dependence for vessels and market ships globally.