China to set up SEZ in Anwara, signs deal with Bangladesh

[EastBengalPro]

The Chinese government will set up a Special Economic Zone (SEZ) on 783 acres of land in Chittagong's Anwara upazila under a government to government (G to G) deal, reports BSS.

Bangladesh Economic Zones Authority (BEZA) executive chairman Paban Chowdhury and China Harbour Engineering Company Ltd. (CHEC) CFO Shengquan Xiong signed a shareholder agreement for setting up the SEZ-Chinese Economic and Industrial Zone- which is expected to attract US42.0 billion in investment.

Abul Kalam Azad, Chief Coordinator for Sustainable Development Goals (SDG) Affairs in the Prime Minister's Office, and Prime Minister's principal secretary Dr Kamal Abdul Naser Chowdhury were present at the agreement signing ceremony held at the Prime Minister's Office in the city Thursday.

"It is for the first time that a foreign company is going to set up a SEZ in Bangladesh on G to G basis. The main work on project will begin in December this year," Paban Chowdhury said.

"We hope that this zone will create jobs for 0.2 million people," he added.

The BEZA executive chairman said China will set up medicine, apparel, agro procession, chemical, medical equipment, plastic and IT industries in the zone. Two connecting roads have already been constructed for the proposed SEZ, he added.

Earlier, a memorandum of understanding (MoU) was signed between the BEZA and CHEC for setting up the SEZ in Anwara during Prime Minister Sheikh Hasina's China visit on June 11, 2014.

http://www.thefinancialexpress-bd.c...-up-SEZ-in-Anwara,-signs-deal-with-Bangladesh

 

[Species]

"It is for the first time that a foreign company is going to set up a SEZ in Bangladesh on G to G basis.

I don't think it's the first such deal. There is a Korean EPZ at Anowara, which is basically the same as a SEZ.

 

[sbmc27]

Actually Korean EPZ is not a G2G deal.
KEPZ is privately owned by Youngone group, Korea.
KEPZ is the largest exporter of shoes from BD.

I don't think it's the first such deal. There is a Korean EPZ at Anowara, which is basically the same as a SEZ.

 

[Russell]

Good thing it's going to be a Chinese SEZ, heaven forbid, if it was Indian....

-Country is being sold off
-Blueprint for destruction
-Subjugation

Etc etc etc

 

[Species]

Actually Korean EPZ is not a G2G deal.
KEPZ is privately owned by Youngone group, Korea.
KEPZ is the largest exporter of shoes from BD.

I see.

 

[bluesky]

Good thing it's going to be a Chinese SEZ, heaven forbid, if it was Indian....

-Country is being sold off
-Blueprint for destruction
-Subjugation Etc etc etc

Do not please swayed away by we posters, who love to criticize India on any tiny occasion. As far as I understand, BD people, except probably the Jamaatis, have no objection with regard to direct Indian investment. There are many such projects, the latest being Reliance investing in large gas-fired power plants. Cheer up.