Bangladesh Sees Investment Boost as Japanese Firms Leave China
Arun Devnath, Bloomberg News Vehicles sit in traffic in Dhaka, Bangladesh, on Tuesday, Dec. 10, 2019. Bangladesh estimated 8.15% GDP growth for the year that ended June 30. Photographer: Ismail Ferdous/Bloomberg , Bloomberg
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Japan incentivizing its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories may give the South Asian nationâs economy a boost.
Bangladesh to import 550,000 mt of rice soon to boost stock
UNB
3rd March, 2021 07:34:16
The government has decided to import 550,000 metric tons of rice to give a boost to the country’s current food stock.
The Cabinet Committee on Economic Affairs gave its nod in principal to a proposal in this regard moved by the Ministry of Food reducing the tender submission tenure for this.
As per the proposal, the Directorate General of Food now can invite international tender giving 10 days’ time to submit tender for the supply of the bulk rice instead of the normal time of 42 days.
“The committee took the decision to facilitate the emergency import of rice,” said Finance Minister AHM Mustafa Kamal, who presided over the meeting.
Mirersarai EZ a game changer : BEZA EC
Staff Correspondent
2nd March, 2021 09:48:36
Mirersarai Economic Zone should be expanded further to Companiganj, Sitakunda, Sandwip and Hatia considering its potentials, said Bangladesh Economic Zones Authority (BEZA) executive chairman Paban Chowdhury.
He termed the zone a “game changer” saying the land allocation “is almost exhausted” in the zone.
“Considering potentials, it can be expanded further to areas including Companiganj, Sitakunda, Sandwip and Hatia,” said Paban Chowdhury. BEZA has already received more than $20 billion investment and it is going to reach $30 billion soon, he said at a meeting with Business Initiative Leading Development (BUILD) Chairperson Abul Kasem Khan at his office in Dhaka Tuesday.
Walton Hi-Tech Industries Ltd is going to make a fresh investment of $640 million, equivalent to Tk 5,440 crore, to expand facilities to produce and increase export of electrical and electronic goods. The company has already submitted its plan to the Bangladesh Economic Zones Authority (Beza), seeking 300 acres of land at the Bangabandhu Sheikh Mujib Shilpa Nagar in
Economic zones to change the face of Bangladesh
Staff Correspondent
BEZA Executive Chairman 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 Executive Chairman noted in an interview.
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.