Managing Director Taro Kawachi of the Bangladesh Special Economic Zone (BSEZ) reported that the zone has drawn eight investors, including Singer Bangladesh Ltd, which is currently in trial production.
At the Bangladesh Economic Zone Authority (Beza) headquarters in Dhaka, Kawachi delivered the following statements during a memorandum of agreement signing ceremony between BSEZ, BRAC, Sumitomo Corporation, and Beza.
“Japan accounts for four out of the eight invested enterprises. Six to eight other businesses are in discussions to invest here,” according to Kawachi.
He said that the overall amount of investment offers received by all the corporations was confidential, but he did not reveal it.
33.4 acres of land have been allotted to Singer Bangladesh Ltd, 5 acres to Rudolf GmbH (Germany), 8.4 acres to Lion Corporation (Japan), 5 acres to Onoda (Japan), and 3.2 acres to NICCA Chemical Co Ltd (Japan).
The executive chairman of Beza, Shaikh Yusuf Harun, stated that he anticipates US $ 1.5 billion in investments and 1 lakh jobs in the economic zone.
On behalf of BRAC, Asif Saleh, Executive Director, signed the Memorandum.
The inked Memorandum of Understanding emphasises giving locals close to the BSEZ vital training. In order to meet the unique demands of the construction, manufacturing, and other pertinent industries, this training will be provided through a technical and vocational education and training framework.
