China’s top 11 companies have offered to invest a total of 9.21 billion US dollars in various sectors of Bangladesh. The Chief Executive Officer (CEO) and top officials of the institutions made this proposal in a meeting held with Prime Minister Tariq Rahman in Beijing, the capital of China.
Bangladesh Investment Development Authority (BIDA) Chairman Ashiq Chowdhury was present at the meeting held in Beijing on June 25.
In a press briefing on Saturday (June 27), the BIDA chairman said that political and economic stability has returned to the country after the newly elected government assumed office. This message has been successfully conveyed to international investors, resulting in a significant increase in foreign investor confidence.
He also said that for the first time, Bangladesh has released a five-year tax outlook. This has responded positively to investors as a message of long-term policy stability.
Investment proposals from Chinese companies
1. China Future Energy Group Holding Limited
Bangladesh has offered to invest USD 250 million in exploration and development of gas fields.
2. Shanghai SUS Environment Company Limited
It has expressed interest in investing $890 million in setting up waste-to-energy production plants in the country.
3. China Civil Engineering Construction Corporation (CCECC)
Mongla Port has proposed an investment of $650 million to develop economic zones, build bonded warehouses and transform Mongla into a regional logistics hub. There is a possibility of about 50 thousand employment in this project.
4. Shenzhen Kaifa Technology Co., Ltd
Bangladesh has expressed interest in investing $250 million in the production of smart electric meters.
5. SF Express
Mongla has offered to invest $180 million to build cold-chain logistics and bonded warehousing facilities. This will strengthen the e-commerce and export sector.
6. HUAXIN TEXTILE INDUSTRY COMPANY LIMITED
Payra Port has announced plans to invest $190 million in expansion of recycled cotton and yarn production, manufacturing of cylindrical lithium batteries and setting up a 200 MW solar power plant for its own use.
7. Zhongxin Environmental Protection Group
Payra Port has proposed an investment of $1.65 billion to set up an e-waste recycling and disposal industrial project in the industrial area.
8. CRRC XIAN COMPANY LIMITED
Bangladesh has expressed interest in investing $190 million to set up a railway parts assembly plant in a joint venture with Bangladesh Machine Tools Factory (BMTF).
9. Sichuan Road and Bridge Group Company Limited
It has proposed to invest $4.5 billion in the Dhaka-Chittagong highway PPP project to boost national connectivity and economic growth.
10. China Kepai Education Group
In the long term, it plans to invest $270 million to build a modern applied university and technical education industrial park with a capacity of 30,000 students.
11. China Shandong Zhongxin Pharmaceutical Co., Ltd
It has offered to invest $190 million to develop large-scale Chinese herbal cultivation and related industries in Bangladesh.
BD Daily/M.S
