BSEZ, also known as the Japanese economic zone, was inaugurated by Prime Minister Sheikh Hasina at Araihazar in Narayanganj today.
“Bangladesh is the most ideal place for investment in the world as we offer maximum investment opportunities. So, I hope the overseas investment will come here and local people will also invest in their own country,” the Prime Minister said after inaugurating the economic zone virtually from Gono Bhaban.
The government will also allocate plots in the economic zone to women entrepreneurs.
Bangladesh Economic Zones Authority (Beza) and BSEZ jointly organised the inaugural programme at Araihazar where Japanese Ambassador to Bangladesh Ito Naok and President and CEO of Sumitomo Corporation Masayuki Hyodo were also present.
Shaikh Yusuf Harun, executive chairman of Beza, said that there are about 40 companies interested in investing in the zone, including 30 from Japan. Once the entire economic zone is opened, there will be an investment of $1.5 billion, he added.
“One lakh people will be employed there,” he said, adding that the investment agreements have already been signed with Singer and German company Rudolf. During this event, two Japanese companies also signed land leases.