The Bangladesh Economic Zones Authority (BEZA) signed an agreement with the Indian company Adani Ports and SEZ Limited to set up an Indian Economic Zone at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai of Chattogram.
About Indian Economic Zone (IEZ)
- The Indian Economic Zone will provide facilities for Indian investors in Bangladesh.
- The signing of the non-binding agreement called term-sheet between the two entities in Mumbai indicated that the development of the Indian Economic Zone (IEZ) will start in full swing soon.
- The Indian Economic Zone is being built on 857 acres of land with an estimated cost of Taka 964 crore supported by an Indian Line of Credit worth USD 115 million.
- The project involves land development, construction of connecting roads, security system, water supply, telecommunication, and water treatment plant facilities for the Indian companies investing in Bangladesh.
- A memorandum of understanding was signed between Bangladesh and India in June 2015 to establish an Indian economic zone.
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