S’pore businesspeople express interest to invest in EZs


DHAKA, July 9, 2018 (BSS)-Entrepreneurs of Singapore have expressed their
keen interest to invest in Economic Zones (EZs) of Bangladesh as they have
found power, energy, pharma, health, shipbuilding and service sectors
suitable for their investments.

During a meeting with Bangladesh Economic Zones Authority (BEZA) today,
the businesspeople of Singapore said overall investment environment including
tax holiday facility are encouraging for investment.

A 27-member delegation of Singapore Business Federation (SBF), a leading
trade body of Singapore’s businesspeople, is now visiting Bangladesh to look
at business opportunities here, said a BEZA press release.

The visiting businesspeople told BEZA that they are willing to make
investments on Government to Government (G2G) basis in Mirsarai EZ. They
placed a proposal for investments on 100 acres of land in Mirsarai.

BEZA executive chairman Paban Chowdhury highlighted the development
activities of EZs to be set up at different parts of Bangladesh and said the
government has planned to set up these EZs with a target to export additional
$40 billion worth products every year within 2030.

Officials of BEZA, Bangladesh-Singapore Chamber and Bangladesh Investment
Development Authority (BIDA) were present at the meeting.