Economic zone for Chinese investors on way | The Daily Star
Economic zone for Chinese investors on way
Rejaul Karim Byron
The government will take up a Tk 420 crore project for setting up a separate economic and industrial zone for Chinese investors on 774 acres of land in Anwara, Chittagong.
The project, which is scheduled for completion in June 2016, is due to be placed in today's meeting of the Executive Committee of the National Economic Council.
The move comes after Prime Minister Sheikh Hasina proposed an industrial zone during her visit to China. The Bangladesh Economic Zones Authority also signed an agreement with the commerce ministry of China during the visit.
As per the deal, Bangladesh will provide land to Chinese investors on a long-term lease basis and a firm nominated by China will set up the economic zone on the land.
Once the project is implemented, a huge number of jobs will be created for Bangladeshis.
Meanwhile, at a BEZA governing body meeting in February it was decided that a separate economic zone will also be built for the Japanese investors.
I hope this economic zone will be only dedicated for heavy industries.