Country’s economy looks brighter

2 January, 2021 12:00 AM printer

The entire world is going through an unprecedented crisis due to the ongoing Covid-19 pandemic. Bangladesh is not an exception, but, because of timely steps taken by the establishment, the country’s economic losses compared to that of other countries have been low. The country maintained a minimum GDP growth in FY20 when most of the economies witnessed negative growth. The steady growth of the economy has turned Bangladesh into a role model for economic development. In the New Year too, it is being predicted that the country’s economy will continue to shine.

Work on mega projects like the dream Padma Bridge, Metro Rail, Elevated Expressway and Karnaphuli Tunnel is going on in full swing. If the trend continues then their work is likely to be completed in the current year. It is expected that those will be formally inaugurated by the year-end. Meanwhile, work on the third terminal of the capital’s Hazrat Shahjalal International Airport will begin this year. Alongside Metroline-6, work on other lines will be launched. Work on the newly-launched Bangabandhu Railway Bridge will also move fast.

Meanwhile, the first ship has successfully anchored at Matarbari Deep-sea Port in Maheshkhali upazila of Cox's Bazar district. During the ongoing period, construction work on the Rooppur Nuclear Power Plant and the Bay-Terminal is likely to go ahead. Alongside, the Bangladesh Economic Zones Authority (BEZA) will set up 100 economic zones countrywide. The economic zones will hopefully create new success stories.

In the meantime, work on the Bangabandhu Sheikh Mujib Industrial City which is being developed on 30,000 acres of land touching three upazilas – Mirsarai, Sitakundu and Sonagazi – under Chattogram and Feni districts will be completed. So far, around 64 local and foreign entrepreneurs have made investment proposals involving $15 billion for the country's largest industrial enclave. The BEZA expects $40 billion in investment there by 2035. It also hopes the economic zone will create at least 10 lakh jobs when it will go into operation. As a consequence, investments, employments and export earnings will soar significantly.

So, we can be optimistic thinking that the country’s economy will boom in the New Year.