S’pore businesses want to invest in economic zones

Entrepreneurs of Singapore have expressed their keen interest to invest in economic zones (EZs) of Bangladesh, reports BSS.

They have found power, energy, pharma, health, shipbuilding and service sectors suitable for their investments.

During a meeting with Bangladesh Economic Zones Authority (BEZA) on Monday, the businesspeople of Singapore said overall investment environment, including tax holiday facility, are encouraging for investment.

A 27-member delegation of Singapore Business Federation (SBF), a leading trade body of Singapore's businesses, is now visiting Bangladesh to look at business opportunities in Bangladesh, said a BEZA press release.

The visiting businesspeople told BEZA that they are willing to make investments on Government to Government (G2G) basis in Mirsarai EZ.

They placed a proposal for investments on 100 acres of land in Mirsarai.

BEZA executive chairman Paban Chowdhury highlighted the development activities of economic zones to be set up at different parts of Bangladesh.

He said the government has planned to set up these EZs with a target to export additional $40 billion worth of products every year by 2030.

Officials of BEZA, Bangladesh-Singapore Chamber and Bangladesh Investment Development Authority (BIDA) were present at the meeting.