Govt plans to set up 3 industrial parks
News From Bangladesh
Monday March 20 2014 09:23:46 AM BDT
The government has planned to set up three industrial parks for the garment, ICT and pharmaceutical sectors with assistance from the World Bank (WB), official sources said, reports BDNews.
“We have asked the WB to provide funds for establishing three industrial parks, including one for the garment sector,” Board of Investment Executive Chairman Mahmudur Rahman told reporters after a meeting with a five-member delegation of garment exporters.
He said the WB has agreed in principle to finance the project worth US$150 million. The government is expected to sign an agreement to this effect with the WB in June this year. Rahman said an industrial park for the garment sector would be developed at Gajaria, 30 kilometres away from Dhaka. “The industrial park will be able to address compliance requirements of the garment sector.” He said a Hi-Tech Industrial Park and an Active Pharmaceuticals Ingredient (API) Park would also be set up under the project. The BoI Chief said the locations for the Hi-Tech Park and Pharmaceuticals Ingredients Park are yet to be selected.
