After the starting of development process of the Mongla port infrastructures, Khulna - Mongla railway,
and the ongoing construction of the Padma Bridge, investor’s interests to
invest in the southern region Khulna is increasing day by day. Foreign
ambassadors, local and international Investors are coming here to see the location.
Already in this region, Investment-friendly environment is being created, lots
of industries have already started functioning.
Local and
foreign entrepreneurs also expressed their interest to use Mongla port for the
procurement of various commercial products and commodities, as well as showing
interest for the development of investment and infrastructures in the area.
In the
last few years, many heavy and light industries have been established on Rupsa
industrial zone in Khulna, Bagerhat, Jessore and on both sides of Khulna-Mongla
highway. Besides, economic zones are being built in Khulna's Batiaghata and Terokhoda.
Once, in these regions where old-fashioned hardboard, Newsprint mills and Jute
mills were established, but now Ship Building Yards, Frozen Foods, Cement
Factories, Automobile Repairing industries, Poultry Feeds etc such types industries
are growing.
According
to the Bangladesh Investment Development Authority (BIDA):
- In the previous 4-5 months, more than 1,000 Crore Taka has been invested in the private industry sector of Khulna region.
- Foreign investment in the 2018-19 fiscal year was about 330 crore which is almost double than the previous year.
- Shipbuilding yards, cement factories, frozen foods, paper board mills and natural gas bottling companies are the top investment category in the private investment.
- In the last fiscal year, the highest investment in the shipbuilding industry at Khulna Shipyard was 1,028 Crore Taka which is really a great achievement.
- China has invested about 25 crore taka in the factory where Gray Board Paper and White Board recycled from waste paper in Batiaghata, Khulnae.
The
modernization of the Mongla port, various infrastructure developments, introduction
of Khulna airports and promotion and training for the entrepreneur’s
development will attract lots of private investment. Among these, the
development of Mongla Port Infrastructure by China and construction work of
Khulna-Mongla railway line by India in ongoing.
The
Nepal's Ambassador in Bangladesh recently visited the Mongla Port and said that
they will start transporting their own products using this port soon. Last
year, a Nepalese company brought 25,350 MT fertilizers by Mongla Port from
China as an experimental basis. The Ambassador said that Nepal wants to utilize
the railway communication facilities for import and export of goods from
Bangladesh. They are also eager to use the river and roadways of the country
along with the Mongla port.
In April
2019 during the visit of the Bhutanese Prime Minister in Bangladesh, the
country showed interest in using Mongla Port. Bhutan also showed interests of introducing
three more land ports at the border area.
Business
persons of Khulna Chamber of Commerce and Industry said that all the potentials
for investment in the southern part of the region around the Mongla Port were
created. After construction of Padma Bridge, Khulna Airport and Khulna-Mongla
railway line, communication system will be easier and time consuming.
Expansion
of business and trade in Khulna region will create huge number of employment
opportunities. Some people have referred the Khulna area as a Growth Center for
the investment possibilities. Due to development of the communication system,
the Investors are getting prepared for the establishment of industrial sector.
In the
near future the investments in this area will also stimulate the whole economy of
the country. BIDA said that due to the investment-friendly environment, new
industries are being developed in the southern region of Bangladesh.
Interests among Local and Foreign investors are growing
in investing in the area. China, India, Nepal and some other countries have
already expressed their interest to invest in infrastructure development and industrial
sectors in this region.
Thanks,
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