EZs to change face of Bangladesh
BEZA executive chairman tells the Daily Sun
Staff Correspondent
Paban Chowdhury
Bangladesh Economic Zones Authority (BEZA) is working relentlessly to attract foreign investment and facilitating industrialisation through economic zones, BEZA Executive Chairman Paban Chowdhury has said.
“But no transformative change comes in a day,” the BEZA Chairman noted in an interview with the Daily Sun.
Paban Chowdhury also talked about the progress in economic zone projects, the latest foreign investment scenario and future plans of BEZA in attracting and facilitating large-scale investment.
Despite the economic fallout caused by the Covid-19 pandemic, Bangladesh has been maintaining a positive trend in trade and economy, investment and employment.
Bangabandhu Shilpa Nagar to go green
Ecnec approves Tk 4,367cr project
The government has undertaken a Tk 4,367 crore project to turn the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) into an environment-friendly industrial city with a view to attracting more foreign investment.
The fresh project for the development of the BSMSN was approved by the Executive Committee of the National Economic Council (Ecnec) at its virtual meeting yesterday with its chairperson, Prime Minister Sheikh Hasina, in the chair.
The premier directed conducting massive publicity to inform the investors and attract those from abroad.
Bangladesh Economic Zones Authority (Beza) will implement the project between January 2021 and December 2025 in order to create an enabling environment for sustainable private investment and a dynamic local market for industrial land.
ECNEC approves Tk 4,347.21cr Bangabandhu Shilpa Nagar Development Project
The Executive Committee of the National Economic Council (ECNEC) approved on Wednesday a Taka 4,347.21 crore project to develop the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as a state of the art and international standard greener economic zone of the country.
The approval came from the 21st meeting of the ECNEC in the current fiscal year (FY21) held with its Chairperson and Prime Minister Sheikh Hasina in the chair. The Premier chaired the meeting virtually from her official Ganobhaban residence.
Ministers, state ministers and others concerned attended the meeting from the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.
TK Group to invest Tk 6,600cr in Bangabandhu Shilpa Nagar
To set up six factories for consumer goods, chemicals
Samuda Food Products, a subsidiary of TK Group, is set to make a fresh investment of Tk 6,600 crore in the consumer goods and chemical sectors.
Samuda had initially planned to invest Tk 1,744.80 crore but the investment increased as the group got financing assurance from foreign banks.
Samuda has already started work to set up a factory on a 60-acre plot at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram. We will set up six factories at the BSMSN in phases for the consumer goods, including food processing, and chemical sectors, said Mohammad Mustafa Haider, managing director of Samuda Food Products.
Improve climate to attract more Chinese investment
Envoy says at China-Bangladesh Investment Summit Star Business Report Star Business Report
The government should improve investment climate in the country to attract more Chinese investment, said Li Jiming, China s ambassador to Bangladesh. We want to work with the government of Bangladesh to enhance our investment in the country.
Jiming made the comments while speaking at the China-Bangladesh Investment Summit, styled Showcase Bangladesh: 2021 China-Bangladesh Investment Virtual Forum , jointly organised by the Bangladesh Investment Development Authority (BIDA) and Standard Chartered Bangladesh.
Bangladesh has good potential for Chinese investment here as the country s per capita income has already crossed $2,000, Jiming said.