Bangladesh's foreign investment agency is in a fix over the rising demands for industrial land from probable overseas investors and the countering paucity for the same in and near the vicinity of Chittagong and Dhaka.
Board of Investment (BoI)'s Executive Member, Abu Reza Khan stated that, BoI in the initial six months of this year has come across demands for over 800 acres of industrial land in two of the major cities mentioned above or near it.
As revealed by Khan, the demands mainly flowed from over 24 industrial enterprises primarily from Taiwan, Korea, China and Malaysia. He further added that, investors are primarily interested in setting up or relocating their industries to either Chittagond or Dhaka. Infact when these investors were approached with proposals for other cities or EPZs at other locations, they rejected the proposal, informed Khan.
Two of the leading executives of the world and largest contract producer of shoes, Pou Chen from Taiwan too has got attracted by the economical labour available in Bangladesh and is looking forward to repositioning of their factories from Sichuan to Chittagong.
Even other manufacturing companies, are keen on repositioning their factories from China and Taiwan to Bangladesh. Taiwanese factories in Mainland China are now confronted with issues of labour shortage for low-end products mainly because of growing expectations and higher remunerations paid in big factories.
The investors are mainly eyeing to relocate only in or nearby the two aforementioned cities, as they are apprehensive of the country's meagre infrastructure, roads, lodgings, as also communication facilities in other cities, stated a BoI official.
Fibre2Fashion News Desk - India
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