• Monday, January 27, 2020

Establishment of Korea industrial complex to begin next year

Discussion in 'Bangladesh Defence Forum' started by Black_cats, Dec 2, 2019.

  1. Black_cats

    Black_cats SENIOR MEMBER

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    Establishment of Korea industrial complex to begin next year

    https://www.bssnews.net/?p=312596

    [​IMG]
    DHAKA, Dec 2, 2019 (BSS) – As per the requirement of Korea Industrial
    Complex (KIC) Company Limited, Bangladesh Economic Zones Authority (BEZA) is
    likely to hand over land in January next year for setting up Korea industrial
    complex in the country.

    KIC has submitted proposal for over 500 acres of land in the Bangabandhu
    Sheikh Mujib Shilpa Nagar (BSMSN), at Mirsarai, Sitakundu and Sonagazi
    upazillas under Chattogram and Feni districts for setting up the industrial
    complex.

    Talking to BSS, KIC Chief Executive Officer (CEO) Bae Ho Cho said Korean
    companies are showing keen interest to set up factories in Bangladesh in line
    with the investment-friendly environment and policy supports of the
    government.

    “We want to start land development works from next year, if the
    government and BEZA help us secure the land and if we can complete other
    procedures, including feasibility study,” he said.

    He said at least 100 Korean companies of different sectors, including
    machinery, construction materials, electric and electronic, chemical, metal
    machine, cloth processing and medical equipment, will set up their factories
    in the industrial complex

    “We have submitted a draft proposal to BEZA for setting up the
    industrial complex. We will start land development works from middle of the
    next year if the government and BEZA help us secure the land and we can
    complete other procedures, including feasibility study,” he said.

    Expressing satisfaction over the cooperation of BEZA officials, he said,
    KIC is going to establish the industrial complex to set up a foundation for
    regional industries and to stimulate the local economy through job creation
    and boosting income.

    Bae Ho Cho sought more infrastructure and power supports from the
    government to establish the industrial complex and bring more Korean
    investment in the country.

    “Korea and Bangladesh established friendly relations through a mutual
    agreement of economic cooperation and the formation of Korea-Bangladesh Joint
    Committee. KIC wants to develop a large-scale growth oriented industrial
    complex in the country,” he added.

    He informed that they have visited the project site in BSMSN which is
    situated in Bay of Bengal and convenient to transport freight by a water
    channel. “The infrastructure is well furnished such as roads, railways,
    electricity and water supply and continues to expanded,” he said.

    For accelerating the process of establishing the industrial complex, a
    five-member delegation, led by KIC CEO Bae Ho Cho, on Sunday met BEZA
    executive member (additional secretary) Mohammed Ayub at BEZA office in the
    city.

    Referring to the meeting, Mohammed Ayub said BEZA is likely to hand over
    the land for establishing the industrial complex in January.

    “Initially, KIC has submitted proposal for over 500 acres of land which
    will be extended around 2000 acres in future,” he added.
     
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  2. bluesky

    bluesky ELITE MEMBER

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  3. mmr

    mmr FULL MEMBER

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    Can bd military take over this projects...to complete this economic zones as fast as possible. Work is still very slow its annoying.
     
  4. bluesky

    bluesky ELITE MEMBER

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    Doing things at a slow pace and without a proper master plan is what keeps us in the 3rd world tagging. @TopCat says there are many hundred EPZs in Bd, but I see only a few have been developed to a stage that the foreign companies find suitable to build their factories.

    Access roads, perimeter roads, electricity, drinking and industry-use water lines, sewerage disposal lines, rainwater disposal system, gas lines, telephone/ fax lines, mobile networks, etc. are some of the needed components that must be built in a concentrated way before BEZA can invite the FDI companies to the venue. Each of the EPZ must be completed with these facilities. Otherwise FDI will not come to our shore.
     
    Last edited: Dec 16, 2019
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