• Tuesday, Jan 31, 2023
  • Last Update : 10:24 am

Meeting our economic goals

  • Published at 05:58 pm March 22nd, 2019

Japan has long been one of Bangladesh’s strongest allies

Of the many initiatives that the government of Bangladesh has taken to boost the country’s economy, and achieve our economic vision, the decision to establish special economic zones (SEZs) has been among the most critical, making the country a more lucrative destination for foreign investment.

To that end, it is encouraging to see that Bangladesh is going ahead with a major collaboration with Japan, and the Bangladesh Economic Zones Authority (BEZA) is to formally allocate 500 acres of land to Japan for the development of the SEZ in Narayanganj.

The project, set to cost around Tk2,582.18 crore (the majority of which will come as project assistance through the Japan International Cooperation Agency) is set to be implemented by June 2023, where BEZA will develop the land, construct roads, and set up a power plant.

Japan has long been one of Bangladesh’s strongest allies, in addition to being among Asia’s most robust economies and one of the great economic success stories of the 20th century. 

Therefore, the establishment of an SEZ for Japan in Bangladesh will undoubtedly be a significant boon for a country looking to pave its own economic success story in this, the 21st century.

This is all part of the government’s plan to establish 100 SEZs in phases over the next decade or so, and to create new opportunities for investment, industrialization, and employment, with BEZA officials predicting that these have the potential to increase export earnings for the country by $40 billion and generate up to 10 million additional jobs.

And it is important that the government continues to push forward, so that Bangladesh continues to meet and surpass its economic goals.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail