An eight member team of senior officials from the Bngladesh Economic Zones Authority(BEZA) visited Sri City multi-product SEZ and industrial park in Andhra Pradesh on Tuesday.
In June last year, Bangladesh government signed a memorandum of understanding with India for establishing two Economic Zones(EZs) in Mongla and Bheramara for Indian investors. India offered to extend credit facility to develop these EZs.
BEZA is an apex body that oversees the establishment of economic zones in Bangladesh. The present visit to Sri City was a part of their study tour in India for investment promotion in the upcoming Economic Zones of Bangladesh.
"This visit will hep us in setting up SEZs in our country," S M Shawkat Ali, member of the BEZA's executive board said after their visit to this private industrial park, which is located on the National Highway 5 and in close proximity to Chennai City.
Commenting on the their visit, Ravindra Sannareddy, managing director of Sri City said,"We feel honored as our neighboring country selected Sri City as a reference model and deputed a team of senior officials for studying the conceptual design and facilities established here".
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.