South-west Bangladesh to draw more investment in future: BEZA survey

29 Jun '23

1 min read

Pic: Shutterstock

Insights

The opening of Padma Bridge and the development of Mongla and Payra ports are expected to turn Bangladesh's south-western region into a more popular investment destination in future, a survey by the Bangladesh Economic Zones Authority (BEZA) has found.
The authority hopes to expedite development of the planned industrial parks in that region.

The opening of Padma Bridge and the development of Mongla and Payra ports are expected to turn Bangladesh’s south-western region into a more popular investment destination in future, a survey by the Bangladesh Economic Zones Authority (BEZA) has found.

Prime Minister Sheikh Hasina opened the 6.15-kilometer Padma Bridge for vehicular movement on June 25 last year, connecting 21 south and south-western districts with capital Dhaka and other major cities.

Ninety-two per cent of the respondents expressed their willingness to procure land in the economic zones (EZs) for investment, while Chattogram remains their most preferred destination, the survey showed.

Khulna and Barishal regions may become more popular for procuring land in future, it revealed.

Seventeen EZs will be set up across the entire region, while construction of Mongla EZ in Bagerhat is in full gear. Close to that EZ, another EZ will be established on 105 acres dedicated to Indian investors on government-to-government (G2G) basis.

Harun said the two under-construction EZs in Mongla will soon host industrial units.

EZs will also be established in Gopalganj, Khulna, Madaripur, Satkhira and Kushtia in phases, he added.

Fibre2Fashion News Desk (DS)

More Apparel/Garments News - Bangladesh...