CA asks BEPZA to advertise Bangladesh overseas – Bd24live

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Chief Adviser Professor Muhammad Yunus at present requested Bangladesh Export Processing Zones Authority (BEPZA) to advertise Bangladesh overseas and produce extra investments to the nation’s industrial sectors.

“Create a staff for financial diplomacy and promote Bangladesh overseas,” he instructed the BEPZA officers because the physique submitted its annual report for the 2023-24 monetary years to him at his workplace at Tejgaon, Dhaka.

The chief adviser additionally requested BEPZA to collaborate with the Ministry of Overseas Affairs for the aim.

He, as nicely, urged BEPZA officers to have interaction Bangladeshi college students learning overseas, particularly in China and Japan, to assist buyers overcome language obstacles earlier than making funding decisions.

BEPZA Govt Chairman Main Common Abul Kalam Mohammad Ziaur Rahman stated they’re already receiving optimistic responses from buyers following the July-August rebellion in Bangladesh and the repeatedly altering international political panorama.

“Prior to now three weeks, we’ve got acquired a USD $135 million funding proposal from the Chinese language buyers. Talks are underway for extra investments,” he instructed the chief adviser.

He stated at present eight export processing zones are operational in Bangladesh, housing 452 factories.

There are 136 extra factories at present underneath building within the zones.

Among the many operational factories, over 100 are owned by the native buyers, and the remaining are largely joint ventures.

Of the factories, 52 % produces ready-made garment objects, textile objects, and garment equipment. The remaining factories are multifarious, producing miscellaneous objects reminiscent of coffins and toys.

Main Common Zia knowledgeable the chief adviser of a few of the calls for of the buyers, together with uninterrupted fuel and energy provide, bonded warehouse services within the BEPZA areas, Chattogram-Sanghai direct air connectivity, and visa counsellor service within the Chinese language metropolis of Shanghai.

Prof Yunus requested the authorities to discover the potential for organising solar energy vegetation in export processing zones and work on fuel exploration and develop a distribution system.

He additionally requested the authorities to see if Bangladesh can profit from importing power from neighbouring international locations.

Particular Envoy to the chief adviser Lutfey Siddiqi, who was current on the event, put emphasis on focused financial diplomacy.

He stated the federal government will work on creating an built-in energy distribution system to allow industries to obtain extra energy from present vegetation within the nation.

Bangladesh Funding Improvement Authority (BIDA) Chairman Ashik Chowdhury stated Bangladesh ought to encourage the buyers investing in export processing zones.

“We must always make BEPZA and BEZA extra enticing and promote the services accessible within the space throughout the globe to deliver extra investments,” he stated.

Principal Secretary to the chief adviser Md Siraj Uddin Miah was additionally current on the assembly.