China to develop one of the largest industrial park in Bangladesh

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China to develop one of the largest industrial park in Bangladesh

BEIJING- China is developing a 750-acre industrial park in Bangladesh which will largely be used by Chinese manufacturing firms, a Chinese official said on Wednesday, part of its push to expand links with South Asia and beyond.

State-run China Harbour Engineering Company will hold a 70% share in a joint venture being formed for the park with the Bangladesh Special Economic Zone Authority (BSEZA), Li Guangjun, the economic and commercial counsellor at the Chinese embassy in Dhaka, said.

“This is for the first time China has received such a facility from the Bangladesh government where Chinese investors will be able to set up industries, mainly manufacturing firms,” Li told Reuters.

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