BEZA, Chinese firm sign MoU to set up Bangla economic, industrial zone
12 Aug 22 2 min read
Harun said the zone is fully dedicated to Chinese entrepreneurs and investors. Chemical, automobile assembly, garments and pharmaceutical factories will be built in the economic zone.
The China Harbour Engineering Company Ltd was initially chosen for the project by the Chinese government, which changed its decision later.
CRBC, a subsidiary of Fortune Global 500 company China Communications Construction Company, focuses on global civil engineering and construction projects like highways, railways, bridges, ports and tunnels.
- HSBC urges Dhaka to bank on opportunity arising out of FDI into Asia
- US cotton exports decline from previous week: USDA
- Bangladesh garment sector scheme now covers commuting accidents
- Bangladesh textiles minister urges India to lift ADD on jute products
- Australia’s baby wear imports drop significantly in Jan-Feb 2024
- BII commits $50 mn to BRAC Bank to support MSMEs in Bangladesh
A government-to-government agreement was signed with China earlier for the project, Harun was quoted as saying by Bangla media reports.
He said the zone has access to water transportation and the site is suitable for export-oriented industries due to its proximity to the largest sea port in the country.
Everything will be finalised after securing the seal of approval from the Cabinet Committee on Economic Affairs.
China had expressed interest in building the economic zone when Prime Minister Sheikh Hasina visited the country in 2014.
Fibre2Fashion News Desk (DS)
Popular News
|
Puma announces leadership changes in Central Europe & UK Divisions |
|
Cotton yarn market bearish in north India; prices down in Ludhiana |
|
Bangladesh exporters hail weaker taka, experts want end to cash sops |
|
China's e-commerce logistics sector sees growth in April 2024 |
|
ADB & Citi partner to boost SME Trade finance across Asia-Pacific |
|
ICE cotton prices fall amid strong crop forecasts, speculative trading |