After obtaining two special economic zones on the basis of G2G agreement, the Indian government is now looking forward to establishing another zone in Bangladesh for paving the avenue for its investors here owing to immense business opportunity. A delegate from India has already visited the probable site and held meeting with the Bangladesh Economic Zone Authority (BEZA) recently in order to obtain the land for the economic zone. Sources at BEZA said, “India has shown interest in setting up another economic zone in Mirershorai. They have already visited the site and held meeting with the authority. ”World renowned company PwC has also completed the ground work for the site assessment in the Mirershorai Economic Zone, BEZA sources said. “It is still at the primary stage. An Indian delegate visited Mirershorai economic zone”, Paban Chowdhury, Executive Chairman of BEZA told daily sun. He also said that Indian government is establishing two economic zones in Bangladesh as they have found congenial business opportunity in Bangladesh which is a good sign for Bangladesh economy. “Lots of business groups from across the world are showing interests to invest in the economic zones in Bangladesh,” he added.Bangladesh has already signed agreement with India to set up two economic zones at Mongla and Bheramara in Kushtia to bring investment and reduce the existing trade gap with its neighboring country. Both the zones are being developed utilizing the fund from the $2 billion line of credit from India. Meanwhile, several Indian business groups are showing interests to come here with their investment in the economic zones across the country. Tata, India’s one of the biggest automobile companies, has also shown interest for developing an economic zone in Bangladesh. India is the third country after China and Japan which are establishing economic zones in Bangladesh under G2G category under the BEZA Act-2010, sources said. India is establishing special economic zones – one in Mongla over 200 acres of land and another at Bheramara of Kushtia over 477 acres of land. Mentionable, the government is planning to set up a total of 100 special economic zones at different parts of the country by the year 2030 with a view to fetch more foreign investment and generate employment in a larger scale. The government has so far approved 56 economic zones across the country. Of them, the BEZA approved license for 12 economic zones under private sector. By the year 2030, a total of 100 special economic zones will be established which will expedite product diversification and help fetch more foreign direct investment and create more job.
