BEZA gets $20.5b investment proposals

March 04, 2020 00:00:00

Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around US $ 20.50 billion from 151 local and foreign business entities thanks to various steps of government to attract new investments, officials said, reports BSS.

BEZA is responsible for establishing and managing of state-run special economic zones (SEZs) across the country.

Out of the investment proposals, top officials of BEZA said, around $2.80 billion has already been invested in different SEZs.

Around $4.808 billion will come as foreign direct investment (FDI) from different companies in Japan, China, South Korea, India, Thailand, Australia, the UK, the Netherland and the USA.

World-famous companies like Honda Motors, Sumitomo Nippon, Asian Paints, Barger Paints, Adani Group, Wilmar, Yabang, Siam Group, TIC Group, Unilever, Sakata Inch and Chain Harbour are the major foreign investors.

Talking to the news agency recently, BEZA Executive Chairman Paban Chowdhury said beyond these investment proposals, many world-renowned foreign companies are coming with big investment offers. "We've already developed eight state-run SEZs as per a move to make the country an industrial hub in the world," Chowdhury informed.

The zones, he said, are - Mirsarai Economic Zone, Mirsarai Economic Zone 2A, Mirsarai Economic Zone 2B, Feni Economic Zone and SBG Economic Zone under the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Jamalpur Economic Zone, Shreehatta Economic Zone and Mongla Economic Zone.

The BEZA executive chairmen said many entrepreneurs from home and abroad have already started construction works of their industrial units in the economic zones, while many are taking preparations to set up factories there.

He mentioned that the government is providing all sorts of facilities to the economic zones to ensure investment-friendly environment. "Both local and foreign businesses who will invest in the economic zones will enjoy the same facilities," he mentioned.

Chowdhury went on saying that Jinyuan Chemical Industry Limited, a sister concern of the Chinese ZhuzhouJinyuan Chemical Industry Company Limited, has already set up their factory in the BSMSN at Mirsarai, Sitakundu and Sonagazi upazillas under Chattogram and Feni districts.