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Bangla offers special zones to Indian companies
NEW DELHI: Special economic zones may be struggling in the country, but Bangladesh is offering an exclusive export processing zone for Indian companies to garner investment from its giant neighbour.
Amid signs of rapidly rising trade between the two neighbours, sources said, Indian companies are looking to step up investment too.
To sweeten the deal, tax holidays for three to 10 years are on offer.
"There are 10-12 export processing zones in Bangladesh and we expect Indian companies to come. Trade relations are improving and we have said we can allow Indian companies to takeover some of the EPZ's," said a senior Bangladesh government official.
NEW DELHI: Special economic zones may be struggling in the country, but Bangladesh is offering an exclusive export processing zone for Indian companies to garner investment from its giant neighbour.
Amid signs of rapidly rising trade between the two neighbours, sources said, Indian companies are looking to step up investment too.
To sweeten the deal, tax holidays for three to 10 years are on offer.
"There are 10-12 export processing zones in Bangladesh and we expect Indian companies to come. Trade relations are improving and we have said we can allow Indian companies to takeover some of the EPZ's," said a senior Bangladesh government official.
