To develop Bangladesh Special Economic Zone (BSEZ), an agreement signing ceremony was held between the Bangladesh Economic Zones Authority (BEZA) and TOA Corporation of Japan, at a hotel in the capital today
This is the first G2G economic zone that will be built on 1000 acres of lands at Araihazar in Narayanganj.
Under the agreement, TOA is responsible for developing the land, building boundary, making a connecting road, water reservoir, and power plant.
The project aims to create a conducive environment for various industries for a sustainable development. Besides, the zone also will attract Japanese investment in the country and create more employment opportunities. It may also contribute to reduce poverty in the country and improve living standard of the people.
Beza expects that it can bring Japanese investment equivalent 20 billion once the project starts operation, and most of the investment will be from reputed Japanese brands. Besides, recycling plants will also be there to check the industrial wastes.