Move for faster completion of Japanese EZ

The Bangladesh Economic Zones Authority (Beza) is set to sign a deal with Bangladesh Special Economic Zone Ltd today for faster completion of the economic zone for Japanese investors on the occasion of the 50th anniversary of diplomatic relations between the two nations.

Abdul Azim Chowdhury, executive member for administration and finance of Beza, and Eisuke Nakanishi, general manager of Sumitomo Corporation, are expected to sign the deal.

In March 2019, the Executive Committee of the National Economic Council approved the Foreign Direct Investment Promotion Project to establish the zone at Tk 2,562 crore. To develop the zone, Bangladesh Special Economic Zone Ltd was formed through a joint venture with Sumitomo Corporation.