Bangladesh Economic Zones Authority officials visit Sri City on a study tour

Sri City, January 19, 2016:- An eight member team of senior officials of the Bangladesh Economic Zones Authority (BEZA), headed by Mr. S.M. Shawkat Ali, Member of the BEZA’s Executive Board visited Sri City on Tuesday. The intent of the visit was to understand the conceptual design and study the existing infrastructure of Sri City.

Mr. Satish Kamat, President (Operation), Sri City extended a warm welcome to the delegates, and gave a presentation on the infrastructure, unique features and the industrial progress of Sri City.They all evinced keen interest in knowing more on various aspects of Sri City. Following the interactive briefing session, the delegation
went round some of the important areas and witnessed the blooming business environment.

Commenting on the visit Mr. Ravindra Sannareddy said, “We feel honoured as our neighbouring country selected Sri City as a reference model and deputed a team of senior officials for studying conceptual design and facilities established. I am confident, their observations and inferences would help-assist in replicating the infrastructure in their SEZs.”

Thrilled at the vastness of the industrial park, Mr. Shawkat Ali said that the entire team was highly impressed with the world-class infrastructure and business friendly ambiance at Sri City. “This visit will help us in setting up SEZs in our country,” he added.

In order to fostering industrialisation Bangladesh government has taken initiatives to set up new special economic zones and created investment friendly environment, linking Bangladesh with free market economy and liberalising trade so that private entrepreneurs can obtain opportunities for establishing and running industrial enterprises profitably. In June last year, Bangladesh signed a memorandum of understanding (MOU) with India for establishing 2 Economic Zones (EZs) in Mongla and Bheramara for the Indian investors. India will extend credit facility to develop the EZs.

BEZA is the apex body that over sees the establishment of economic zones in all potential areas in Bangladesh. The present visit by BEZA officials was a part of their study tour in India for investment promotion in the SEZs of Bangladesh.