Commerce Minister Tofail Ahmed on Wednesday said sites for 17 economic zones for foreign investors have been already selected and China will get its preferred sites for establishing economic zones. The commerce minister was addressing the inaugural ceremony of the office of Bangladesh-China Chamber of Commerce and Industries (BCCCI) at Dilkusha in city’s Motijheel. He said China is the top readymade garments exporting country and Bangladesh is in second position. But the production cost is higher in China than Bangladesh. “So, China wants to transfer more investments to Bangladesh.” “We are ready to provide all sorts of cooperation to China, we have identified 17 sites for special economic zones and they can take whichever sites they want,” he said. He said there are many on-going projects in Bangladesh that have been funded by China. “They have provided fund for the Padma Bridge project. Besides, we have been developing an industrial park on a 60 bighas of land where a Chinese company has provided financial assistance,” Tofail said. BCCCI President Golam Dastagir Gazi presided over the inauguration ceremony where Prime Minister’s Adviser Salman F. Rahman, Chinese Ambassador to Bangladesh Ma MingKiang and former Industries Minister Dilip Barua were also present.
Source: https://www.daily-sun.com/print/front-page/2015/05/21/504332#sthash.j6JQtPU0.dpuf
