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Chinese firms pledge $9.21b for Bangladesh development

Chinese firms pledge $9.21b for Bangladesh development
BIDA logo: Collected
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A group of 12 Chinese firms has submitted investment proposals totalling $9.21 billion across various sectors, including infrastructure, energy, manufacturing, logistics, and education.

These commitments followed a series of high-level discussions between Prime Minister Tarique Rahman and senior corporate executives in Beijing on 25 June.

Bangladesh Investment Development Authority (BIDA) Executive Director Ashik Chowdhury, who was present at those discussions, told media that the return of political stability under the newly elected BNP government has significantly bolstered international investor confidence.

He noted that the administration has introduced its first-ever five-year tax outlook to ensure policy consistency and long-term predictability for foreign financiers.

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The single largest commitment involves a $4.5 billion proposal from Sichuan Road & Bridge Group Co Ltd to develop the Dhaka-Chattogram Highway through a Public-Private Partnership.

In the environmental sector, Zhongxin Environmental Protection Group has proposed a $1.65 billion project to create an e-waste recycling and disposal hub within the Payra Port Industrial Zone.

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Additionally, Shanghai SUS Environment Co. Ltd. intends to allocate $890 million toward the establishment of Waste-to-Energy plants across the country. Energy security is further addressed by China Future Energy Group Holding Ltd, which has proposed $250 million for the exploration and development of gas fields.

Port and logistics infrastructure feature prominently in the new proposals, with China Civil Engineering Construction Corporation offering $650 million to manage and develop the Mongla Port Economic Zone.

This initiative, which includes logistics facilities and bonded warehouses, is projected to generate approximately 50,000 jobs. Supplementing this, SF Express has sought to invest $180 million in cold-chain logistics and warehousing in Mongla to assist the export and e-commerce industries.

In the technology sector, Shenzhen Kaifa Technology Co. Ltd. plans to spend $250 million on manufacturing electric smart meters.

Industrial and manufacturing expansion includes a $190 million proposal from Huaxin Textile Industry Co Ltd for a multi-faceted project in the Payra Port Industrial Zone involving recycled cotton, lithium battery production, and a 200 MW solar power plant.

For the transport sector, CRRC Ziyan Co Ltd has proposed a $190 million rolling stock assembly facility in a joint venture with the Bangladesh Machine Tools Factory.

Human capital and health are also represented, with China Kepai Education Group proposing $270 million for a vocational park and university for 30,000 students, while China Shandong Zhongxin Pharmaceutical Co Ltd plans a $190 million investment in large-scale medicinal herb cultivation.

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