A New Mymensingh City Beside Brahmaputra River

For more than two decades, the Brahmaputra River has been the lifeblood of Mymensingh. The river that made waves after waves is now silent. There are dead canal somewhere. Experts have come to think about the turbulent state of the turbulent river. But all the plans flew in the sky like a fairy of imagination, did not even show the desire to touch the ground.

However, due to the will of the Prime Minister Sheikh Hasina, neglect of the River has end. The river caught her eye. And now the oldest Mymensingh is changing around this river. After the declaration of Mymensingh as a division on 13 October 2015, various master plans were taken around the Brahmaputra River. The initiative was taken at the divisional headquarters on the other side of the river. When the municipality was transformed into a city corporation in October 2018, some new wards of the Char area were also included.

Today's Mymensingh is being built along the banks of the Brahmaputra, which runs through the heart of the city. An extended part of the city will be built on the other side. The people of Mymensingh will see a beautiful new city with latest facilities. The combination of old and new will unite this Mymensingh city with three bridges. 

In a meeting of the Executive Committee of the National Economic Council (ECNEC) in last year approved the construction of a bridge at a cost of about Tk 3,500 crore, which will be built in the Kewatkhali area of ​​the city. The 1,100-meter arched four-lane bridge will be modeled on Australia's Sydney Harbor Bridge, the first in the country's history. When the construction of the bridge is completed in June 2025, the communication facilities of Mymensingh with Netrokona, Sherpur and Kishoreganj districts will increase. Besides, trade between Nakugaon and Haluaghat land ports with the capital Dhaka will increase. There are also plans to build two more bridges through Ghagdahar and Kacharighat-adjacent Zero Point areas.

On the other hand, the Ministry of Public Administration has given administrative approval to set up the much awaited divisional headquarters on 945.219 acres of land on the other side of the river. The Divisional Land Commissioner hoped that the DPP and TAPP of the headquarters would be finalized and sent to the project ministry in the shortest possible time.

The Divisional Commissioner said that Prime Minister Sheikh Hasina has directed for proper compensation and dignified rehabilitation of the people of the acquired area. The present government has issued a notification to triple the value of the acquired land. So the victims will get a lot of land. 25 acres of land has been set aside for the affected people in the acquired area. They will be rehabilitated there. The rehabilitation process will start first.

Earlier, Prime Minister Sheikh Hasina had given various instructions in a meeting at her office on September 17, 2016 to set up the Mymensingh divisional headquarters. Mymensingh is the twelfth city corporation of the country. From 21.73 sq km, the city is now 90.17 sq km. In 2020, the ECNEC was sanctioned Tk 1,575 crore to make this city a modern city. The newly expanded 68.44 sq km area has not seen any development. The City Corporation is spending the money on overall development including road development, expansion of drainage system, over bridges, footpaths etc.

With a population of over eight lakhs, this city is slowly being transformed into the smart city, which is now very much visible. Gauripur and Ishwarganj upazilas situated on the other side of the Brahmaputra River. The district administration has proposed to make an economic zone within Mymensingh city and those two upazilas. This was stated by Aminul Haque Shamim, President, Mymensingh Chamber of Commerce and Industry. He said there are plans to set up economic zones on 500 acres of land. If it is implemented, timely decision will be taken.

Mentioning the reason for this, he said that excavation work has been started to restore the navigability of the river. 30 percent of the work has been completed. With the return of full navigability, the communication of goods in the designated economic zone with the port will be easier as well as financially viable. Employment will be directly to two lakh people.

However, towards the end of 2011, there was a touch of development in Mymensingh. The four-lane road from Joydebpur crossroads in Gazipur to Mymensingh in an 88 km stretch changed the landscape of Mymensingh. The highway is about 63 feet wide. The width is even greater next to markets and business centers. The road was officially inaugurated in July 2016 at a cost of BDT 1,800 crore. And with the help of such communication system, Bhaluka and Trishal are now upazilas of heavy industrial area.

Soon the Mymensingh will be one of the most beautiful cities in the country.

Thanks,

 

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Real Estate Companies in Bangladesh are Rising

During the COVID-19 Corona virus period, buyers in the housing and real estate industry of Bangladesh are increasing. Entrepreneurs in the sector saying that the demand for buyers has increased so much in recent times that top class Real Estate companies in Bangladesh do not have unsold flats. Companies that had stopped building construction work for so long have now come forward and resumed their construction.

Demand from buyers is on the rise as the government provides undisclosed investment facilities in the housing sector. Currently, the highest demand for Apartment / Flats in Bangladesh is among government employees. Some investors demand land and plots. In such a situation, the concerned companies have demanded to reduce the interest and registration cost of loans in the housing sector to 7 percent. The real estate sector in Bangladesh is now a lucrative investment destination for buyers and investors. The registration cost of buying flats and plots is now 10 percent and it comes with single digit or one digit interest loan.

In this regard, Real Estate and Housing Association of Bangladesh-REHAB President Alamgir Shamsul Alamin Kajal said that the real estate companies in Bangladesh are now getting good response from buyers. The situation is such that even good companies are not able to sell flats to the buyers. Buyers are growing every day in recent times. Interest in buying flats and plots is increasing among them. As a result, many companies are taking up new projects to build flats inside Dhaka, Chattogram and other cities across the country.

The undisclosed income is also being invested in the housing sector. Owners of companies are demands the interest rate on bank loans and registration cost of flats and plots should be reduced to 7 percent. Some banks are now keen to lend. Some banks are giving loans at 7 percent interest rate. The recovery in the housing sector is also boosting the overall economy.

Business in the housing industry is coming back. Buyers respond more than ever. This is due to two reasons- one is that money laundering has decreased during the Corona period. Another is the government's undisclosed investments facilities for two consecutive financial years. All in all, the real estate company in Bangladesh is now in a good position.

JCX Developments Limited is a state-of-the-art flat builder in the country's elite Bashundhara residential area inside Dhaka city. Iqbal Hossain Chowdhury, the managing director of the company and director of FBCCI, a top organization of businessmen, told that there has been a lot of demand from buyers for good quality flats in recent times. This demand has been created mainly due to undisclosed money investment facilities. As a result, there is a huge interest of buyers for flats in Bashundhara R/A.

Investors have lots of interest for both ready and used flats in Dhaka city. Some searching keyword in Google are: Used flat sale in dhaka, Low price flat in dhaka, Flat sale in dhanmondi, Studio apartment in dhaka, Used flat sale in mirpur, Ready flat for sale in mohammadpur dhaka, Ready flat sale in dhaka, Flat for sale in dhaka uttara, Flat sale in banasree, Dhaka housing adabor etc.

In the national budget for the fiscal year 2020-2021, the legal directive to allow higher revenue and economic activity in the private sector said that no matter what is in the country's customary law, no one can raise any question about the investment of undisclosed money. To take such an opportunity, taxpayers have to invest undisclosed money in land, flats, buildings and apartments, banks, savings certificates, stock exchanges, bonds or any other such securities. To avail this facility, income tax at the rate of 10 percent has to be paid. Investing in undisclosed funds will reduce money laundering and tax evasion. The move is expected to boost mainstream economy, employment and revenue growth. This facility will be continued in the new fiscal year 2021-22 as well as provision has been made to impose penalty at the rate of 5 per cent on other undisclosed funds. 

According to the concerned, the annual market of the real estate companies in Bangladesh / housing sector in the country is now around Tk 60,000 crore. The annual growth in this sector is 15-17 percent. The annual demand is 1 lac 20 thousand flats. Overseas income / Remittance and undisclosed money owners buy more real estate properties. Expatriate income of Bangladesh did not decrease during COVID-19 period. Besides, there is an opportunity to invest undisclosed money by buying land or flats. As a result, trade in this sector has increased a lot. The catastrophic disaster that hit 458 sub-sectors of the housing industry in Corona is now a beacon of hope. Around BDT 2 lac Crore have invested in more than 2,000 industries in this period.

 

Thanks,

 

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Japan will build Smart City in Bangladesh

Smart cities, are the result of the growing importance of orienting our life toward sustainability. There are different parameters by which a city ranks more highly than another. To achieve this 10 key dimensions are considered: Governance, urban planning, public management, technology, environment, international projection, social cohesion, mobility and transportation, human capital and economy.

The development of 'smart cities' has been a top priority for many countries and Bangladesh may soon join their ranks. In a bilateral meeting with Bangladesh's ICT Minister Junaid Ahmed Palak and the Japanese Ambassador Naoki expressed Japan's interest in building a smart city in Bangladesh. Last year Japan has set aside a 250 billion yen (US$ 2.4 billion) fund to support Smart City projects by Japanese companies and improve decarbonization measures in 26 cities across ASEAN.

According to Mr. Naoki, Japan has contributed in many sectors, including infrastructural development of Bangladesh. There are currently more than 300 Japanese companies operating in Bangladesh - three times as much as in the last 10 years.

Japan is the largest Asian export market for Bangladesh, amounting to USD 1.3 billion. Despite the many challenges posed by the Covid-19 epidemic, Japanese companies are ready to expand their business in Bangladesh.

Naoki called for the development of strategic relations to further enhance cooperation between the two countries. He said that ICT sector is now the main driving force of the economy of Bangladesh. The Japan International Cooperative Agency (JICA) can further enrich Bangladesh's plan to become a developed economy by the year 2041 by assisting in the development of technology-dependent human resources.

Naoki emphasized the importance of collaboration to further expand cooperation between the two countries through the development of strategic partnerships between Japan and Bangladesh.

To further strengthen Bangladesh's ICT sector, ICT Minister Junaid Ahmed Palak made a number of proposals to the Ambassador, including on cyber security, e-waste management and e-governance. Palak said, "We have already sent a proposal to ERD to set up a Bangladesh-Japan ICT University,".

Japan has allocated 2.4 billion to support Japanese companies in the Smart City project and the development of carbon-free systems in 28 ASEAN cities. Tokyo expects all 26 cities to present their smart city projects by the end of this year, and eligible projects will be selected by March.

Japan expected these 26 cities across ASEAN to present their Smart City development plans at the end of last year, with eligible projects to be picked by March this year. It also expects Japanese companies to have basic plans for these cities with feasibility studies conducted. However, at the time of writing, its progress is still unclear

 

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Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

Real Estate Companies in Bangladesh are Rising

Used Flat for Sale in Dhaka | Secondary Property Market in Dhaka

Recently one of my friends bought a used 1,600 sqft flat in Sector 10 of the Uttara in Dhaka city at BDT 85 lacs. If he wanted to buy a new flat, he would have to shell out at least Tk 1.20 crore, an amount that would have been tough for him to manage. But my friend is very happy now he said, “The used flat he bought is almost new, and without any hassle, the owner has handed over the possession of the property”. People are searching for used flat for sale in Dhaka.

The market size of the secondary Apartment / Flat segment in Dhaka city has no reliable data. Flat / Apartment buyers in the city are now showing an increasing interest for used flat in Dhaka as the properties are cheaper and spacious and come with utility services, especially gas connection, according to realtors and home loan providers. The demand for used flat for sale in Dhaka is around 20 per cent of the total demand for the properties in the city.

The demand for the secondary flat is growing day by day. There can be two reasons: they can be bought at lower prices, and they are roomy. Data on property demand in the last 14 months showed the requests for secondary properties in Dhaka averaged 76 per cent of all queries. The owners cannot use around 400sft of a 2,000 sft flat although they have to pay the price. But, the owners of used flats can use the entire available floor space and rooms were spacious.

For most of the cases about used flat for sale in dhaka, buyers have to renovate the flat. In some cases, they get a flat in excellent condition. This high demand for secondary properties is reflected everywhere. The ready flat market segment or the secondary property market has always been at the forefront of Bangladesh's real estate industry.

The highest percentage of query for used flat for sale in Dhaka, low price flat in dhaka was and such queries experienced in August last year when it accounted for a staggering 86 per cent. Even during the peak of the pandemic in April and May in 2020, when the entire real estate sector experienced a slowdown, about 65 per cent of all property demand in Dhaka was for ready flats.

People on the internet / Google are searching for secondary market properties for used flat sale in Mirpur, Uttara, Dhanmondi, Kalabagan, Rampura, Banasree, Moghbazar, Aftab nagar, Gulshan, Segunbagicha, Banani, Khilgaon, Mohammadpur, Shyamoli, Bashundhara residential area in Dhaka city. The searching queries show that the demand for secondary properties is solid.

Some popular area such as Mirpur, Uttara and Mohammadpur have plenty of ready flats available, even though there hasn't been an adequate supply of secondary properties / used flat for sale in Dhaka. One of the major reasons people search for homes in Mirpur, Badda or Dakshln Khan is affordability. Some parts of Uttara can be great locations to find affordable secondary properties.

 

Used flat sale in Mirpur:

Based on the present market report and data, in last 4 to six months the average price of ready flats in Mirpur was around Tk 4900-5000 per sft, with certain places such as Pirerbag and Section 11 offering flats at Tk 3,100+ per sft.

 

Used flat sale in Uttara:

The average price of ready flats in Uttara was BDT 6,500+ per sft, though the inner sectors are more affordable.

 

Used flat sale in Dhanmondi:

Dhanmondi area is more complex in terms of the price of ready flats. The average price of recently added properties can be more than Tk 10,000 per sft. Properties in West Dhanmondi and Shankar are sold at Tk 6,500+ per square feet.

 

People like to purchase suitable secondary flats due to availability of gas connection, while there is no guarantee that new flats will have the connection. Real estate experts said that secondary flats were comparatively cheaper than the new ones, so the middle-income groups that couldn't spend a big amount purchased used properties. The non-bank financial institution provides home loans against secondary flat. The number of loan files for secondary flats is increasing gradually.

The REHAB had urged the National Board of Revenue to reduce the registration cost for secondary flats to help expand the segment of the housing market. The demand for secondary flats was good, but products were not available.

 

Thanks,

 

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Tourism Industry in Bangladesh | Safe Investment Options

There is immense potential for the Tourism industry in Bangladesh. Although the development progress in this sector is going on slowly. This current progress of the tourism industry is due to the continuous progress of various initiatives of the government taken in the last few years such as infrastructural development, use of information technology, development of security system, political and social stability etc. Although due to a safe investment option, some foreign and domestic investors are getting interested to invest in this sector for higher return.

Recently, the government has taken various initiatives to exploit the immense potential of the tourism industry of the country. The size of the budget for the fiscal year 2020-21 is 5 lac 68 thousand crore BDT. Tk 3,634 crore has been allocated for the Ministry of Civil Aviation and Tourism. The government has taken short, medium and long term plans for the maximum development of the tourism industry of Bangladesh by the year 2025. The plan will be implemented at each level by dividing the entire country into eight tourist zones. For the first time, public-private joint ventures have been initiated for the implementation of these projects. As part of this, initiatives have been taken to implement 25 projects for construction of tourism infrastructure in tourist city Cox's Bazar. The direct investment in these will be around BDT 37,000 crore and indirect investment will be BDT 1 lac 97 thousand crore.

The famous investment company of Japan “Blue River Island Resort and Tourism Club Limited” has planned recently invests money on one of the government's tourism-based initiatives where they will construct an international standard tourism center at the Meghna River Char (Island) in Chandpur district. Total estimated cost of the mega project will be worth BDT 6,000 crore. It’s a joint venture project between Japan and Bangladesh. The investor company will get a high yield of return once after the completion of the project, since tourism is one of the best investment options around the world.

• Other tourism development projects of the government include:
• Development of Cox's Bazar Airport as an International Airport
• Construction of modern star hotels and motels
• Construction of power plant at Maheshkhali
• Development of Sonadia Island as a special tourist area
• Development of Inani Beach (Exclusive tourist Zone)
• Construction of Teknaf's Sabrang Eco Tourism Park
• Development of Shyamlapur and Jhilongjha Beach
• Construction of Chittagong-Cox’s Bazar Railway line
• Expansion of wind power project at Kutubdia
• Development of road communication system for tourists in Mini Sundarbans at Chakoria
• Modernization of Dulahajra Safari Park etc.

Besides, the Government is going to take four more new projects to develop the tourism industry of Bangladesh. At present there is a railway line from Chittagong to Dohazari. This line is being further reformed. Railway is being constructed from Dohazari to Ghumdhum via Cox's Bazar. About BDT 20 thousand crore will be invested in this sector. Already about BDT 4 thousand crore has been spent. Bangladesh Tourism Corporation has taken initiative to build two more motels in Cox's Bazar. Expenditure in this sector has been estimated at Tk 800 crore. A large guest house is being built there at the initiative of Bangladesh Air Force.

An eco-tourism park is being set up in the Teknaf area. An island is being developed in the middle of the Naf River as a special tourist area. Maheshkhali is being developed as a power hub. Billions of BDT are being invested as safe investment only in Maheshkhali area. Initiatives have been taken to develop Sonadia Island as an economic zone and a tourist area. There is a wind power project on Kutubdia Island. Many tourists go there to see it. For this reason, it is being further expanded.

Apart from Cox's Bazar, seven projects have been identified for implementation in public-private partnership (PPP) in different parts of the country. These include the Payra Deep Seaport and the tourism development project in the vicinity of the port area. Khanjahan Ali Airport construction project has been scheduled. Besides, a project is being taken to build infrastructure for those who visit Tanguar Haor at Tahirpur in Sunamganj. A study project will also be taken up around the Sundarbans. Various such initiatives have been taken and are being implemented continuously. The projects under PPP are at different stages of processing. Some of the ongoing projects to increase facilities for tourists in the tourism sector of Bangladesh are:

• Introduction of tourism facilities in Chittagong Parki beach
• Development of tourism facilities in some interesting areas of the country on the occasion of Tourism Year
• Construction of tourist building at Agargaon in the capital
• National Training and Tourism Training Institute and damaged Sonamasjid project in Chapainawabganj etc.

One of these development projects is the recent construction of 80 km long marine drive road from Cox's Bazar to Teknaf which was one of the recent best investment form the government. As a result, the tourist city of Cox's Bazar, INANI beach has become more attractive to domestic and foreign tourists. The present government has planned to build three tourist parks in Cox's Bazar to attract tourists from different countries of the world. This will create an additional USD two billion in economic activity every year. The three tourism parks are Sabrang Tourism Park, Naf Tourism Park and Sonadia Eco Tourism Park. About 40,000 jobs will be created in these places.

The steps taken by the present government, especially the announcement to build Naf Tourism Park, will accelerate the development of tourism industry of Bangladesh. Because the famous Thai company Siam International Co Ltd is investing in it as a safe investment option. Initially, the company will invest US$ 50 Crore. The project, worth more than BDT 4,200 crore, will provide employment to more than 12,000 people across 271 acres of land. The project cost for the development of Naf Tourism Park is Tk. 170 crore. Meanwhile, Bangladesh Economic Zone Authority (BEZA) has undertaken the development work of Naf Tourism Park.

Sabrang Tourism Park is going to be the first tourism dependent economic zone of the country under the development project of the government. This tourist area is being developed on the Sabrang beach in Teknaf, Cox's Bazar. Domestic and foreign entrepreneurs are showing interest to make investment in Bangladesh tourism sector in this planned modern tourist park. As investment in tourism sectors known as one of the more secure and safest way to invest money with higher return options.

The Bangladesh Economic Zone Authority (BEZA) has received investment proposals from several companies. After reviewing these, the executive board of BEZA has already approved the proposals of 12 companies. The companies will build Star hotels, Motels and Resorts in the park. According to their proposal, about US$ 25 crore will be invested here which will take the Tourism industry of Bangladesh to a new level. According to BEZA, this tourism park is being built on 1,048 acres of land with state-of-the-art facilities to make it attractive to the tourists. The 12 companies whose proposals were approved will build various constructions on 116 acres of land. It will provide employment to 10 thousand people.

Lots of star class hotels, motels, resorts, parks, restaurants etc has been built in Cox’s Bazar city and around in the past recent years. Individual peoples are getting interested to make investments in this sector since they are always looking for safe investment options. Various private developer or hotel companies are constructing world class chain hotels at Inani and Cox’s Bazar beside the marine drive road as partnership / share basis. Anyone can make an investment in these types of projects for their future as safe investments with high returns. Al-Jesour Resort Ltd is constructing a 5-Star Studio Hotel and Serviced Apartment named “Prashad Sholilkul” on their own land at Inani beach beside the Marine drive road which is expected to be completed within 2025. Most of the government projects to develop the Tourism Industry of Bangladesh in Cox’s bazar, Inani, Teknaf, Maheshkhali, Sonadia and adjacent area around will be completed within or after the year 2025. Then this zone will become the Tourist hotspot and Tourism Capital of Bangladesh.

Moreover, the present government has formed a district-based tourism committee to modernize tourism industry of the whole country. Tourism offices have been opened in every district. Their job is to identify and further modernize the potential tourist spots in each district. Bangladesh Tourism Corporation is being modernized in a new way. Recently, the government has adopted a master plan for the massive development and growth of the tourism industry as well as attracting domestic and foreign tourists. The Bangladesh Tourism Board under the supervision of the Ministry of Civil Aviation and Tourism is formulating a master plan for the development of the tourism industry in Bangladesh.

Tourism development work will be carried out as per short, medium and long term plans as part of the master plan. It has been decided to celebrate 2016-2021 as the years of tourism. In order to develop and bloom, an estimated expenditure of TK 200 crore has been incurred in the three financial years 2015-2018. This will ensure planned development of existing and potential places in the tourism industry of Bangladesh.

In recent years, many nongovernmental organizations and companies, including the government, have sought to transform tourism into an economically viable sector. Domestic and Foreign investors are ready to invest as safe investment in this sector. Therefore, in order to increase research activities in the development of the tourism industry, various institutions at the private level are constantly approving the provision of higher education on tourism including the government universities of the country. Bangladesh Tourism Corporation, founded by Bangabandhu Sheikh Mujibur Rahman, is working to build manpower through their training centers. Two new centers are being set up in Barisal and Cox's Bazar outside the Dhaka office of the National Hotel and Tourism Training Institute run by the Tourism Corporation to develop skilled tourism workers. Besides, tour operator law and tourism corporation law are being made.

The addition of tourism industry in Bangladesh to the development journey of the country will not only bring financial benefits, but also spread its benefits at the marginal level through the participation of the locals. The tourism industry could become one of the tools for Bangladesh to achieve the Sustainable Development Goals by 2030. For this, it is necessary to give utmost importance to the tourism industry of Bangladesh in the development thinking of the government.

 

Thanks,

 

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INANI Beach | The beautiful Coral Sandy Beach in the World

Inani is the imaging tiger in the tourism sector of Cox's Bazar district. Cox's Bazar has the longest sea beach in the world with a distance of about 120 km. Among the 120 km long beaches from Cox's Bazar to Teknaf, Inani Beach is the most beautiful, attractive and eye-catching tourist place. In a word, Inani can be called the paradise of nature. Its natural corals and rocks from Inani to Teknaf are protecting the beach from sea erosion.

These stones have added extra beauty to Inani beach. Inani beach is located about 33 km south of Cox's Bazar city. Inani beach is now more beautifully decorated with coral reefs. Once tourist had to go to INANI through Cox's Bazar-Teknaf road through Sonarpara semi-paved and unpaved road. But now people can reach Inani beach by any vehicle through the 84 km long Marine Drive Road from Kolatoli to Teknaf built by the Engineering Corps of the Bangladesh Army.

Inani has many hatcheries for scientific production of shrimp fry. Rows and rows of betel trees have made Inani even more glorious. A beautiful rest house of the forest department was once the only rest house but now there are many rest houses and world class hotels-motels-cottages owned by individuals. World class 5-Star Hotel in Coxs Bazar and Serviced Apartment “Prashad Sholilkul” is being built here.

Tourists now feel comfortable to picnic at Inani beach effortlessly. During the tourist season, the locals have to face pressures to organize picnics for the crowd of tourists. There is no year in Cox's Bazar where no school or college organizes annual picnics and cultural events. The fun is different. There are many picnic spots in the vicinity including this beach for shooting movie and drama directors.

Inani Beach is a wonderful beach surrounded by coral rocks. The blue waters of the sea and the rows of rocks match. The rocks disappear by drowning in the tidal waters of the sea. At low tide it seems to float again. Tourists are fascinated by the beauty of natural rocks throughout the long area of ​​Inani Beach. Running on these rocks, soaking oneself in the blue water of the sea, filling the pages of memory is an unearthly feeling.

Inani has developed a long vacation-like installation, infrastructure. There are very good quality hotels and cottages within reach. There are world class star hotels in Coxs Bazar Inani beach. Apart from the main city, it is easy to come to Inani by booking these hotels from all over the country including Dhaka, Chittagong and abroad, From Cox's Bazar Airport directly by bus from Cox's Bazar Link Road or Kalatali junction. It is easy to travel from Link Road to Teknaf Road via Kotbazar of Ukhia by any vehicle.

As soon as you reach Inani beach, you can find a match on St. Martin's beach. Here, the fun of swimming in the clear water is different. A swarm of red crabs roaming the vast sands of the beach. In the late afternoon, the crabs seem to be competing to bid farewell to the setting sun.

For the convenience of tourists, various star hotels, motels and restaurants offer a variety of fresh sea fish, including crabs. The most favorite food of tourists is lobster. Tourists are also happy to get the necessary food at low cost at the Inani Beach Cafe, which is built in the indigenous craft industry in Inani.

The government has announced INANI as an “Exclusive Tourism Beach”. Tourists are getting attractions and numbers of tourists are visiting this place for refreshment every year. Due to the unplanned and untidy Cox's Bazar city area, tourists are now forwarding at Inani, one of the best "Coral Sandy Beaches" in the world.

Now a day lots of investors, real estate developers and businessmen are investing in tourist sector especially in hotels in Coxs Bazar. Investment in the emerging tourism industry is one of the most risk-free and guaranteed sources of income compared to other sectors in the country.

So far, only two 5-star quality hotels have been approved by the government at Inani Beach. One of which has already started operations and the other best hotel in Coxs bazar Inani is "Hotel Prashad Sholilkul" which will start operations by 2025. Some of the plans adopted by the government for Inani Beach and some mega projects which are expected to be implemented by 2025 and beyond. Then the tourist presence in this area will increase a lot and Inani will be the heart of the tourism business in the whole Cox's Bazar district.

Peoples are making safe investment with high returns in such type of hotels and resorts in Coxs Bazar now a day. Prasad Sholilkul 5 star studio hotel in Inani beach is giving opportunity to make such type of safe investment option for the investors.

Thanks,

Related:

Special Tourist Parks in Bangladesh

The Longest Sea Beach in the World | Cox's Bazar

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Famous Mainamati Lalmai and Shalvan Bihar | Comilla

Some historical and famous places in Early Dhaka

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Blue Economy in Bangladesh | Key to Boost the Development

Blue Economy is a sustainable development of the ocean economy. The definition of Blue economy based on the World Bank and UN DESA (2017) framework, as well as FAO’s (2014) definition, to be consistent with the three-dimensional sustainable development paradigm (social, environmental and economic dimensions) underpinning the Sustainable Development Goals.

As a result of maritime conquest, Bangladesh has acquired two types of resources in the field of blue economy. One is animal and the other is non-animal. If planned activities like extraction of oil and gas and other valuable resources, extraction of fishery resources, expansion of port facilities and tourism can be carried out as planned, it is possible to earn huge amount of dollars every year.

Bangladesh has immense potential in the field of Blue Economy. There are now treasures of valuable resources in almost same in the sea area as the land. There are 26 blocks in the maritime boundary acquired from India and Myanmar. The concerned people think that it is possible to get about 40 trillion cubic feet of gas from these blocks.

Apart from this, there are various marine resources scattered in the middle of the blue water. In addition to oil and gas; precious sand, uranium, monazite, zircon, snails, oysters, fish, octopuses, sharks, the Blue Sea has a variety of marine and mineral resources. Apart from 475 species of fish, 20 species of crabs, 36 species of shrimps and 360 species of snails and oysters have been found there. There are expensive and delicious fish like tuna, which are in great demand in the international market.

Bangladesh got possession of more than 1,18,813 square kilometers of sea area in the case with Myanmar through the verdict of the International Arbitration Court (PCA) on March 14, 2012. After that, Bangladesh started working for the ultimate achievement of 'Blue Economy'. On July 6, 2014, two years after the acquisition of new territorial waters in the case with Myanmar, Bangladesh got the right to 19,467 sq km out of the estimated 25,602 sq km of disputed maritime boundary between Bangladesh and India.

In the year 2017, the government formed the 'Blue Economy Cell' under the Ministry of Energy and Mineral Resources. The government has enacted the Maritime Zone Act in 2019 to protect marine resources. As a result of maritime conquest, Bangladesh has acquired two types of resources in the field of blue economy. One is animal and the other is non-animal. Animals include fisheries, marine animals, weeds, etc. Non-animal resources include minerals and mineral resources such as oil, gas, limestone, etc.

There are also 17 types of precious mineral sand. Such as zircon, rutail, sillimanite, ilmenite, magnetite, gannet, kyanite, monazite, liclosin etc. Of which monazite is extremely important. While the land area is about 1,44,000 sq km, Bangladesh now owns more than 1,18,813 sq km area in the sea. The Ministry of Foreign Affairs, the Ministry of Defense, the Ministry of Power and Mineral Resources, the Ministry of Shipping, the Ministry of Fisheries and Livestock, the Ministry of Water Resources and the Ministry of Aviation and Tourism are involved in this maritime economy.

Experts say these ministries should work together. Some also suggested the establishment of a separate ministry such as 'Ministry of Marine Resources' to harness this maritime economy. At the same time, they advised to form a strong inter-ministerial coordination committee headed by the Prime Minister. About the same amount (81 percent) of the country's land resources are under the sea. The resources at the bottom of the sea must be used properly for sustainable development of the country.

If planned activities like extraction of oil and gas and other valuable resources, extraction of fishery resources, expansion of port facilities and tourism can be carried out as planned, it is possible to earn around 2,50,000 crore USD annually by the year 2030 from these natural resources. It is important to utilize this sector with immense potential. In order to extract what kind of resources is available at the bottom of the sea, it is necessary to determine the type of technology and expert manpower required to ensure maximum use.

It is known that in addition to oil and gas, there are 13 places at the bottom of the Bay of Bengal which are more valuable than gold i.e. uranium-thorium which contains ilmenite, gannet, sillimanite, zircon, rutail and magnetite etc. In addition, there is mud in the deep sea which is made of cement. Experts believe that the Bay of Bengal has one of the largest oil and gas reserves in the world. Besides, there is a minimum collection of 1.24 million tons of mineral sand worth about Tk 12,000 crore on the coast of Bangladesh. A total of 16 types of mineral sands have been found there that can have the potential to achieve economic prosperity of the country. According to experts, if Blue Economy can be used properly, it is possible to earn thousands of crores of money every year.

However, the country has not yet adopted a comprehensive policy and plan. Deep-shallow marine resources have remained undiscovered for the past eight years. On the other hand, Myanmar and India are earning huge foreign exchange by extracting oil and gas from the sea and exporting it to meet their own needs. They have started extracting oil and gas on a limited scale which is very less than the inexhaustible oil and gas reserves in the Bay of Bengal. Every step must be taken in a planned manner. This will turn the economy around.

Contribution of Fisheries Sector to Blue Economy: Bangladesh Fisheries Research Institute under the Ministry of Fisheries and Livestock is conducting nine studies to implement Blue Economy. Among these are seaweed farming on the coast, rock crab fry production and oyster farming, deer and wheel shrimp farming, cage farming and mullet farming, green muscle farming etc. So far 138 species of seaweed have been identified on the coast of Cox's Bazar beach. Of these, 18 species are commercially exportable and profitable.

 

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