Concerns about infrastructure and rising utility prices have prompted investors in Bangladesh's economic zones to make urgent requests for uninterrupted electricity, high-pressure gas supply, and permits for captive power plants.
Manufacturing News
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Manufacturing
Foreign investors express concerns over gas price hike impacting Bangladesh’s RMG sector
An updated gas rate system that distinguishes between new, loyal and existing customers within the same industrial category has recently been implemented by the Bangladesh Energy Regulatory Commission (BERC), which has alarmed foreign investors in Bangladesh.
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A significant increase in gas prices for new industrial users in Bangladesh has raised alarms among business leaders and economists, who warn that it could adversely affect new investments and industrial growth.
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Manufacturing
Handa Industries to invest US $ 150 million in Bangladesh’s textile and garment sectors
With the announcement of a US $ 150 million investment in Bangladesh, Handa Industries Limited, a well-known clothing manufacturer based in China and renowned for its superior knitted textiles and dying techniques, is expected to significantly expand the country's textile and apparel industries.
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China has expressed a strong interest in establishing a Special Economic Zone (SEZ) in Mongla, primarily aimed at enhancing trade relations and boosting investments in the Ready-Made Garments (RMG) sector, as announced by the Bangladesh Investment Development Authority (Bida).
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South Korean companies are preparing to make large investments in Bangladesh's clothing and ready-made garment (RMG) industries, thanks to the interim government's proactive measures to enhance the investment climate.