Bangladesh's PM Hasina inaugurates Japanese Economic Zone

Singer has already started constructing its infrastructure at the zone, while an agreement has also been signed with German company Rudolf. Singer would initially invest $79 million while chemical company Rudolf would make an initial investment of $7 million, Bangladeshi media reported.

Thirty more Japanese firms and 10 firms from other nations have also shown interest to invest in the zone.

A proposal is also awaiting nod from the Cabinet Committee on Economic Affairs for setting up another special economic zone dedicated to Chinese investors.

Fibre2Fashion News Desk (DS)