Lack of gas connections has emerged as a major challenge for developers of a number of private economic zones in Bangladesh as they are finding it difficult to implement their plans accordingly.
Reports claimed this while adding they also lamented utility service providers’ bureaucratic delays while adding the developers fear the businesses that they are drawing in to invest in setting up factories inside the zones would incur losses if they cannot start operations at the earliest even as BEZA or the Bangladesh Economic Zones Authority has also reportedly expressed its frustration at the shortcomings.
According to available information, 12 private economic zones have got the final approval to start running operations up until now even as the developers of these economic zones have been able to draw investment proposals amounting to US $ 4.27 billion from local and overseas entrepreneurs over the past six years.
