Ecnec to consider Indian EZ project

Business Desk

9 April, 2019 12:00 AM printer

The government is undertaking a big project to establish Indian Economic Zone at Mirersarai in Chattogram involving Taka 919.85 crore in a bid to attract more Indian investors in the country.

“The Executive Committee of the National Economic Council (ECNEC) is likely to consider a project to this end at its today (Tuesday’s) meeting,” said a senior Planning Commission official on Monday.

The official said that ECNEC Chairperson and Prime Minister Sheikh Hasina will preside over the meeting to be held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area today (Tuesday).

Bangladesh Economic Zone Authority (BEZA) under the Prime Minister’s Office (PMO) will implement the project by June 2021 with Taka 914.59 crore from the Indian 3rd Line of Credit.

The Planning Commission official said the main objectives of the project are to develop off-site infrastructures at the Indian Economic Zone to facilitate Indian investors including attracting the Indian developer companies to invest in Bangladesh.

Besides, steps will be taken to attract the Indian companies to set up their industrial units there through ensuring a business-friendly environment as well as improving the living standards of local people through generating employments and thus ensuring sustainable economic development.

The main project operations include some 152 lakh cubic meter land development, erection of 9-kilometer long pipeline from the Feni River to ensure necessary water supply and drainage system, constructing 10-kilometer long connecting road, establishment of a pump station, a water reservoir, internal linkage, external drainage line construction, construction of 5,000 meter boundary wall, 1680 square meter administrative building, 20603 square feet security shed and installation of optical fiber.

Another official at the BEZA said that the government has already planned to set up some 100 special economic zones across the country by 2030.