12 Chinese cos offer to invest $9.21b in Bangladesh

Some 12 Chinese companies, ranging from agriculture, education, power and energy to transport and climate change, have given proposals to make investments worth US$9.21 billion in Bangladesh.
They made their proposals following meetings with Prime Minister Tarique Rahman during his recent visit to China.
The investment proposals were presented when the chief executives and senior representatives of the 12 companies met Prime Minister Tarique Rahman in Beijing on June 25.
Ashik Chowdhury, Executive Director of Bangladesh Investment Development Authority (BIDA), who was present at the meeting, said on Saturday that political stability had been restored following the assumption of office by the newly-elected BNP government, creating renewed investor confidence.
He said Bangladesh also presented a five-year tax outlook for the first time, highlighting policy stability and long-term predictability to prospective foreign investors.
Sichuan Road and Bridge Group Company Limited came up with a proposal to invest $4.5 billion in Dhaka-Chattogram highway PPP project to enhance national connectivity and economic growth.
Zhongxin Environmental Protection Group would invest $1.650 billion for establishing an e-waste plant at Payra Port Industrial Zone.
Shanghai SUS Environment Co. Ltd. proposed to invest $890 million in developing waste-to-energy (WTE) plants in Narayanganj, Gazipur, Dhaka South City Corporation and Chattogram.
China Civil Engineering Construction Corporation, a giant China government-owned contractor which has experience of working in Bangladesh for many years would like to invest $650 million.
The giant Chinese contractor will invest to develop and operate Mongla port economic zone to attract Chinese manufacturing industries and build a bond warehouse for the importation purpose.
It will help the Mongla port to be a new logistics hub which is expected to generate 50,000 jobs.
China Future Energy Group Holding Limited proposed an investment of $250 million for gas field exploration and development.
Shenzhen Kaifa Technology Co. Ltd. proposed investing $250 million in manufacturing electric smart meters,
Huaxin Textile Industry Co. Ltd. proposed an investment of US$190 million for expanding recycled cotton and yarn production, manufacturing cylindrical lithium batteries and establishing a 200 MW captive solar power plant in the Payra Port Industrial Zone.

jasimharoon@yahoo.com