New Economic Frontier Concept in Special Economic Zones of BEZA Underscored

Business Initiative Leading Development (BUILD) Chairperson Abul Kasem Khan and Paban Chowdhury, executive chairman of Bangladesh Economic Zone Authority (BEZA) had a discussion over private sector-friendly policies and joint research for further success in BEZA.

The meeting was held on 2 March, reads a press release.

Suggesting that BUILD should come up with comprehensive proposals with facilitation of trade and investment, attracting more FDI, supporting SMEs, spillover over impact in society in the SEZs, Paban Chowdhury put emphasis on the macro-level policy reforms and strong governance for the successful completion of the targeted EZs in Bangladesh.

Mentioning success of SEZs in different countries Abul Kasem Khan chairperson of BUILD said that each SEZ can become a new economic growth centre for the country and for that they are thinking of preparing a concept called SEZ – the New Economic Frontier. BUILD CEO Ferdaus Ara Begum said that they will come up with a research study on the New Economic Frontier to consolidate the idea and seek support from the government for policy reforms in attracting more private sector investment.