DHAKA, Bangladesh, June 27 (ANI) — Eleven Chinese companies have proposed investing a combined $9.21 billion in Bangladesh across sectors including energy, infrastructure, logistics, manufacturing, education, and environmental services.
The proposals were presented during a meeting in Beijing on June 25 between Bangladesh Prime Minister Tarique Rahman and the chief executives or senior representatives of the companies. Bangladesh Investment Development Authority (BIDA) Chairman Ashik Chowdhury also attended the meeting.
Speaking to reporters on Saturday, Chowdhury said the newly elected government had restored stability in Bangladesh and that this message had been conveyed to potential investors.
He also noted that Bangladesh had presented a five-year tax outlook for the first time, emphasizing policy stability and a predictable investment environment.
According to a list obtained by ANI, China Future Energy Group Holding Limited, which specializes in petroleum engineering and gas field investments, proposed investing $250 million in gas field exploration and development.
Shanghai SUS Environment Co. Ltd., one of the world’s leading waste-to-energy (WTE) investors and operators, proposed investing $890 million to develop waste-to-energy plants in Bangladesh.
China Civil Engineering Construction Corporation (CCECC), a Chinese state-owned contractor, investor, and operator, proposed investing $650 million to develop and operate the Mongla Port Economic Zone. The project aims to attract Chinese manufacturing industries, establish a bonded warehouse for imports, transform Mongla into a logistics hub, and generate approximately 50,000 jobs.
Shenzhen Kaifa Technology Co. Ltd. proposed investing $250 million to manufacture smart electric meters in Bangladesh.
SF Express, China’s largest logistics company, proposed investing $180 million in cold-chain logistics and bonded warehouse facilities in Mongla to support e-commerce and export industries.
Huaxin Textile Industry Co. Ltd. proposed investing $190 million to expand recycled cotton and yarn production, manufacture cylindrical lithium batteries, and construct a 200-megawatt solar power plant for its own operations in the Payra Port Industrial Zone.
Zhongxin Environmental Protection Group proposed investing $1.65 billion to establish an electronic waste recycling and disposal project in the Payra Port Industrial Zone.
CRRC Ziyang Co. Ltd. proposed investing $190 million to establish a rolling stock assembly plant through a joint venture with Bangladesh Machine Tools Factory (BMTF).
Sichuan Road & Bridge Group Co. Ltd. proposed investing $4.5 billion in the Dhaka-Chattogram Highway public-private partnership project to improve national connectivity and support economic growth.
China Kepai Education Group proposed investing $270 million to establish a modern application-oriented university and vocational education industrial park with the long-term capacity to accommodate 30,000 students.
China Shandong Zhongxin Pharmaceutical Co. Ltd. proposed investing $190 million to establish a large-scale Chinese medicinal herb cultivation industry in Bangladesh. (ANI)
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