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Top Indian businessmen keen on Bangladesh SEZ

Lankan Ranger

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Top Indian businessmen keen on Bangladesh SEZ

Fifty Indian investors, including the Tata, Birla and TVS groups, have sought a special economic zone (SEZ) to be set up in Bangladesh for joint ventures. A visiting business delegation of the Confederation of Indian Industry (CII) on Monday proposed that the Bangladesh government establish a SEZ for them to house joint venture (JVs) industries.

The reaction of Bangladesh government was positive about the proposal.

Commerce Minister Faruk Khan said: "I proposed to the Indian businessmen to propose establishing an SEZ in Bangladesh, because many Indian entrepreneurs have already expressed their interest to invest in Bangladesh."

"We want foreign investment now," Khan was quoted as saying by The Daily Star.

The team has already pushed for setting up a SEZ exclusively for Indian investors in separate meetings with the commerce ministry and the apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

They proposed setting up the SEZ at Chhatak under Sunamganj, a north eastern district bordering Meghalaya state.

"We have put forward the proposal both to the commerce ministry and the FBCCI. If Bangladesh government approves the proposal, 50 top Indian industrial conglomerates are ready to invest in the proposed SEZ," said Chitranjan Kapur, acting head of the delegation. Kapur also said all the industrial units would be operated as joint ventures if the SEZ is established.

"I cannot predict right now. But the total amount of investments might be Tk 1,500 crore," Kapur said.

"I think there will be no shortage of joint venture investors as many local businessmen are interested to tie up with Indian partners," Kapur said.

The Indian businessmen are interested in establishing the Indian SEZ at Chhatak because the area is very close to India's north eastern region.

"The Indian north-eastern seven-sister region is our targeted market. So we demanded the Indian SEZ be set up at Chhatak," Kapur said.

He said mainly engineering, manufacturing and processing industries will operate in the proposed SEZ Kapur said 50 top Indian industrial conglomerates like the Tata, Birla and TVS groups have shown their interest in establishing industrial units in the proposed SEZ.

"Bangladesh is also our targeted market," he added.

Kapur said the Indian entrepreneurs are more interested in tying up with Bangladeshi investors as the future of bilateral trade looks very bright.

The recent trade volume between the two countries has been increasing; as a result, Indian businessmen are interested in investing more in Bangladesh.

Abdul Matlub Ahmed, president of India-Bangladesh Chamber of Commerce and Industry (IBCCI), said a total of 100 acres of privately-owned land is available at Chhatak for establishing the SEZ.

"It will take four months to start the construction, if the government approves our proposal," Matlub said.

He said with the expansion of the bilateral trade and investments, tariff and non-tariff barriers in trade between the two countries will cease to exist.

The bilateral trade balance between Bangladesh and India is heavily in favour of India.

The data from the ministry of commerce and industry of India show that India exported goods to Bangladesh via formal channel worth $2.43 billion and imported goods worth $254.66 million in the fiscal 2009-10.

It is believed that the informal channels also witnessed similar transactions.

Top Indian businessmen keen on Bangladesh SEZ - Business News - IBNLive
 
Top Indian businessmen keen on Bangladesh SEZ
I wonder, why Chatak in Sylhet for the Indian SEZ? I remember a transit road map that shows the road ends in Sylhet border. Could it be the reason for asking the SEZ in Chatak? Chatak and its surroundings are very beautiful. I personally would not endorse such a place to be destroyed by the mindless Baniya capitalists from India. If the BD govt decides on Chatak, the Baniya country will certainly demand a transit road for transporting its machineries.

Indians are unwelcome in our country. Bangladesh has enough money to build its industries. Only, the govt will have to solve the shortage of power. Indians should go to Tripura and build there whatever factories they want to build.
 
I wonder, why Chatak in Sylhet for the Indian SEZ? I remember a transit road map that shows the road ends in Sylhet border. Could it be the reason for asking the SEZ in Chatak? Chatak and its surroundings are very beautiful. I personally would not endorse such a place to be destroyed by the mindless Baniya capitalists from India. If the BD govt decides on Chatak, the Baniya country will certainly demand a transit road for transporting its machineries.

Indians are unwelcome in our country. Bangladesh has enough money to build its industries. Only, the govt will have to solve the shortage of power. Indians should go to Tripura and build there whatever factories they want to build.

LOL...

Chhatak is industrial town and have the infrastructure already in place. Also it has a long tradition of doing cross border business like bringing limestone from India then process it in Bangladesh etc. Locals from both side of the border will welcome this move as they are used to this culture and also there is abundance of Gas.

This inititative just proves that how bad the situtation in NE. While they could just setup their factories right across the border, they chose to set it up in this side of the border. But at the end its going to be the win win deal for BD and India. I am excited that they chose Sylhet while GOB wanted them in the western part of our country. That also proves that how bad the situation in the western part of Bangladesh as well, as nobody wants to locate their industry there either.
 
There should be some sort of monitoring in this export processing zones. Few days back I went to the KEPZ(korean epz) where they had been given a lush remote mountainous region in Chittagong, where they have destroyed many hills, we were all stunned by the destruction. Same thing will happen in chatak if that site is selected. Why can't they just take some flat land and buy it it off at a little bit more money is out of my head.

Well our country faces a weird case of functionalism against aesthetics. A mountain is preffred over flat arable land. But I think in the background political land grabbers are the main culprit.
 
There should be some sort of monitoring in this export processing zones. Few days back I went to the KEPZ(korean epz) where they had been given a lush remote mountainous region in Chittagong, where they have destroyed many hills, we were all stunned by the destruction. Same thing will happen in chatak if that site is selected. Why can't they just take some flat land and buy it it off at a little bit more money is out of my head.

Well our country faces a weird case of functionalism against aesthetics. A mountain is preffred over flat arable land. But I think in the background political land grabbers are the main culprit.

300 Acres of land not going to do anything to the echology and hills. Just come out of negative paranoia.. We need rapid industrialization and land should not be an issue here.
Once you have money you can create your own forest..
 
Even if they choose flat land then you will come out and say they stole farm land from the poor farmers. And if it locate in some area of Anu Mohammed (Anti BD conspirtators) then god forbids what they will come up with. Instigating locals to take over all the industries and take away all the machines and parts and sell them in Bhangari.
 
300 Acres of land not going to do anything to the echology and hills. Just come out of negative paranoia.. We need rapid industrialization and land should not be an issue here.
Once you have money you can create your own forest..

Just goto KEPZ and prove me wrong before posting chest thumping hypothesis.
Well you see land should not not be an issue if its flat land and not mountains.
Ofcourse money is needed but its not Dubai where every beauty is man made,
except the human beings.

A better option should have been upper comilla and link it with tripura.
 
I wonder, why Chatak in Sylhet for the Indian SEZ? I remember a transit road map that shows the road ends in Sylhet border. Could it be the reason for asking the SEZ in Chatak? Chatak and its surroundings are very beautiful. I personally would not endorse such a place to be destroyed by the mindless Baniya capitalists from India. If the BD govt decides on Chatak, the Baniya country will certainly demand a transit road for transporting its machineries.

Indians are unwelcome in our country. Bangladesh has enough money to build its industries. Only, the govt will have to solve the shortage of power. Indians should go to Tripura and build there whatever factories they want to build.

lol...if you grow flowers and ornamental plants all over your country then it will look much more beautiful.Why dont you shut down every single industry in your country and plant flowering plants in place of them then ??
 
lol...if you grow flowers and ornamental plants all over your country then it will look much more beautiful.Why dont you shut down every single industry in your country and plant flowering plants in place of them then ??

Management and care of the natural environment in Bangladesh is pretty bad.
 
I do understand the problems,the hurdles and the impact upon ecology and environment.But,people have to understand that things cannot remain unchanged for ever,and provisions have to made for industrialization.A balance has to be maintained of course,but that does not mean saying a NO to the industries.
 
I agree, that there must be a balance. With rising China and India, industrialization in Bangladesh is inevitable in the future. It doesn't matter how hard Bangladeshi politicians try to resist that change. They resist, they'll get knocked out cold.

Its a small country, a large population and limited resources. There must be a careful balance. Sadly, this balance isn't there in BD at the moment. Even very simple production operations such as brick klins do serious damage to the environment and human health.

Proper environmental management is almost a pre-requisite when setting up any major industry in Bangladesh.
 
I wonder, why Chatak in Sylhet for the Indian SEZ? I remember a transit road map that shows the road ends in Sylhet border. Could it be the reason for asking the SEZ in Chatak? Chatak and its surroundings are very beautiful. I personally would not endorse such a place to be destroyed by the mindless Baniya capitalists from India. If the BD govt decides on Chatak, the Baniya country will certainly demand a transit road for transporting its machineries.

Indians are unwelcome in our country. Bangladesh has enough money to build its industries. Only, the govt will have to solve the shortage of power. Indians should go to Tripura and build there whatever factories they want to build.

This post show your utter stupidity nothing else

Why dnt you shut all industry in your country and make your country green ???

If government choose any area for industrial investment so their are lot of reason behind that

Indians are unwelcome in our country. Bangladesh has enough money to build its industries. Only, the govt will have to solve the shortage of power. Indians should go to Tripura and build there whatever factories they want to build.

:lol: ok then call all BD citizens those living in India illegally
 
I wonder, why Chatak in Sylhet for the Indian SEZ? I remember a transit road map that shows the road ends in Sylhet border. Could it be the reason for asking the SEZ in Chatak? Chatak and its surroundings are very beautiful. I personally would not endorse such a place to be destroyed by the mindless Baniya capitalists from India. If the BD govt decides on Chatak, the Baniya country will certainly demand a transit road for transporting its machineries.

Indians are unwelcome in our country. Bangladesh has enough money to build its industries. Only, the govt will have to solve the shortage of power. Indians should go to Tripura and build there whatever factories they want to build.

Any industrialist of any country will like to set up industries wherever it is possible and where the govt of the country allows.

If industry is set up it surely requires machinery to set it up and machinery to run it.

Have you some suggestions where one can set up an industry without machinery? Such a suggestion where an industry is set up without machinery will be a game changer in the industrial realm. Nobel Prize winning idea indeed!

Now, if BD has enough money to build its industry, then BD surely must have become an industrial and economic powerhouse. However, why does the world not know of this fact.

Bangladesh indeed is a beautiful and picturesque country and total virgin in forestry, fauna and flora. Now, if that be so, surely there would be no industry since it will spoil the beauty.

True the Indian businessman should set up industries in India and elsewhere in the world. They surely must not destroy the idyllic beauty of Bangladesh of its lust forestry, flora and fauna and disturb such laid back and indolent people who are so much in love with nature.

India too has such places, like the Andamans.

But then some of people in the Andamans are very aggressive since their love their primitive and ancient ways and have no desire to allow modernity, industry, progress and civilisation to invade their idyllic beauty and their indolent ways,
 
While there is no doubt that the environment should not be wantonly destroyed for the same of industry.

Yet on the other hand, progress and economy cannot be enhanced without industrialisation.

Therefore, the priority has to be decided.

One cannot merely day dream that one's country is an economic and social powerhouse without finding ways to improve the economy and one of the ways modern nations do it is through industrialisation.

If one builds an industry on flatlands, then there will be a hue and cry that agricultural lands is being given away.

It is a vicious circle.

The problem is not unique to Bangladesh, it is universal in all nations which are developing.

China would not be the powerhouse it is without prioritising their requirement of environmental protection, agriculture, urban development and industrialisation.
 
Just goto KEPZ and prove me wrong before posting chest thumping hypothesis.
Well you see land should not not be an issue if its flat land and not mountains.
Ofcourse money is needed but its not Dubai where every beauty is man made,
except the human beings.

A better option should have been upper comilla and link it with tripura.

I know KEPZ. So???
2500 acres??? and what is the land area of whole Chittagong Hill tracs?
And who said that some hill can not be inhabitated at all???

Have you ever been in Chhatak?? Do you know how many industries already there? Its a industrial town for god sake.
 

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