The government is setting up 17 economic zones in the southwestern districts to bring about an industrial revolution in the largely unindustrialized region as it seeks to accelerate Bangladesh’s economic growth.
And the Bangladesh Economic Zones Authority (Beza) is optimistic that the road connectivity established between Dhaka and the region on Saturday after the inauguration of the Padma Bridge will attract investment in the industrial sector and create jobs for thousands. of people.
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The 6.15 km bridge will also connect Bangladesh to the Asian Highway, paving the way for an industrial revolution in 21 southwestern districts in particular and the country in general, the development agency said. investments in a release.
The zones are part of the government’s goal to create 100 economic zones across the country, with a view to creating one million jobs and exporting $40 billion worth of goods and services from the enclaves.
Mongla Economic Zone (MEZ) is being developed on 205 acres of land near Mongla port and has already constructed the administration building, boundary walls, link bridge and roads, power substations and water pipes.
Powerpack Economic Zone Ltd is developing the MEZ under the public-private partnership (PPP) model. A land lease was signed to set up three industrial units there.
“The establishment of industries in the MEZ will create jobs for a few thousand people and contribute to the overall development of the region,” Shaikh Yusuf Harun, executive chairman of Beza, said in a statement.
The development of another economic zone on 105 acres of land near the MEZ is also underway. A promoter, commissioned by the Indian government, is preparing the economic enclave.
It is expected that the establishment of industries in the two economic zones of Mongla will start soon.
Le Beza plans to create an ecotourism park on 1,546 acres of land near the Sundarbans in Bagerhat.
He endorsed the proposal to establish two economic zones in Shariatpur: one on 525 acres of land in Jajira Upazila and another on 686 acres of land in Goshairhat Upazila.
The agency has given its approval in principle to construct an economic zone on 1,125 acres of land in the Rajoir upazila in Madaripur.
The government has decided to create an economic zone on 888 acres of land in the sadar upazila under Faridpur. Moreover, a feasibility study has already been done for another area on 200 acres of land at Kotalipara of Gopalganj.
It took over the project to carry out the feasibility study of an economic zone in the Botiaghata of Khulna. The governing body of the Beza also chose the upazila of Terokhada to create an area.
The execution works of the feasibility study for the construction of an economic zone at Sreepur upazila under Magura and another at Satkhira sadar upazila have been launched.
The feasibility study for the establishment of an economic zone at Agailjhara in Barishal has been completed and the Beza has approved the proposal to develop an economic zone at Hizla of the district.
The Beza plans to develop an economic zone in Bhola sadar upazila. She acquired 382 acres of land to establish an area similar to Bheramara of Kushtia. The feasibility study is in progress.
In addition, another economic zone, located on more than 800 acres of land, would be created in the Nawabganj of Dhaka.
However, setting up economic zones alone and establishing global-standard connectivity through the Padma Bridge will not be enough, said Masrur Reaz, chairman of the Policy Exchange of Bangladesh, a private think tank.
“The government and the private sector must do their homework to attract investment from home and abroad.”
He pointed out that investors can immediately invest in three sectors – agriculture, IT and logistics – in the southwest region.
Indeed, the region is an agricultural hub and Bangladesh can easily export IT products from Jashore to India due to geographical proximity, he said, adding that the business process outsourcing sector can grow in the region.