The Pulse Today
BREAKING
MP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeMP Mannan Announces Special Plan to Promote Sonargaon GloballyPrime Minister Tarique Rahman Calls on Students to Contribute to a Prosperous BangladeshEurope's Heatwave: Unprecedented Record Temperatures and Increasing Death TollIran's FM Cautions: Challenges to Hormuz Routes Will Escalate Tensions191 Million Europeans Expected to Experience 35C Heat on SundayNew Caledonia Conducts First Local Election Since 2019 Amidst Heightened Political TensionsMuktadir: MSMEs Vital to Bangladesh's Economic Growth and EmploymentDhaka-Beijing Agreements Aim to Transform Bangladesh's New Media LandscapeTwelve Chinese Companies Propose $9.21 Billion Investment in Bangladesh Across Multiple SectorsAlleged Drug Trader Arrested with 100,000 Yaba Tablets in Cox's BazarZimbabwe Wins Toss, Elects to Bowl First Against Bangladesh in One-off TestThree Pakistani Rangers Killed, Four Wounded in Karachi Terror AttackUkrainian Drone Attack Kills One, Ignites Fire at Russian Oil Refinery11-Year-Old Boy Rescued Alive Three Days After Devastating Venezuela EarthquakesBellingham and Kane Shine as England Defeats Panama 2-0, Advances to World Cup Last 32Algeria and Austria Draw 3-3, Both Advance in World Cup; Iran Eliminated

Twelve Chinese Companies Propose $9.21 Billion Investment in Bangladesh Across Multiple Sectors

Twelve Chinese companies have proposed investments worth US$9.21 billion in Bangladesh across various sectors following meetings with Prime Minister Tarique Rahman during his recent visit to China.

By Staff Correspondent
Share
12 Chinese firms propose $9.21b investment in Bangladesh | News Flash
BSS

Twelve Chinese companies have proposed investments worth US$9.21 billion in Bangladesh across energy, infrastructure, logistics, manufacturing, and education sectors. The proposals were presented during meetings with Prime Minister Tarique Rahman in Beijing on June 25. Ashik Chowdhury, Executive Director of Bangladesh Investment Development Authority (BIDA), noted that political stability and a five-year tax outlook have renewed investor confidence. Key proposals include Shanghai SUS Environment Co. Ltd.'s US$890 million for Waste-to-Energy plants, China Future Energy Group's US$250 million for gas field exploration, and Zhongxin Environmental Protection Group's US$1.65 billion for an e-waste recycling project.

Sector-wise Investment Breakdown

Shanghai SUS Environment Co. Ltd. plans to invest US$890 million in developing Waste-to-Energy (WTE) plants. China Future Energy Group Holding Limited proposed US$250 million for gas field exploration and development. China Civil Engineering Construction Corporation (CCECC) offered US$650 million to develop and operate the Mongla Port Economic Zone, including bonded warehouse facilities and logistics infrastructure expected to generate around 50,000 jobs.

Shenzhen Kaifa Technology Co. Ltd. proposed investing US$250 million in manufacturing electric smart meters. SF Express sought to invest US$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 US$190 million for expanding recycled cotton and yarn production, manufacturing cylindrical lithium batteries, and establishing a 200 MW captive solar power plant in the Payra Port Industrial Zone.

Education and Infrastructure Investments

Zhongxin Environmental Protection Group proposed the single-largest environmental investment of US$1.65 billion to establish an e-waste recycling and disposal industrial project in the Payra Port Industrial Zone. CRRC Ziyan Co. Ltd. proposed investing US$190 million in a rolling stock assembly plant through a joint venture with Bangladesh Machine Tools Factory (BMTF). Sichuan Road & Bridge Group Co. Ltd. proposed a US$4.5 billion investment in the Dhaka-Chattogram Highway Public-Private Partnership (PPP) Project.

China Kepai Education Group proposed investing US$270 million to establish a modern application-oriented university and vocational education industrial park with capacity for 30,000 students. China Shandong Zhongxin Pharmaceutical Co. Limited proposed US$190 million to develop a large-scale Chinese medicinal herb cultivation industry in Bangladesh.

Source: BSS

FAQ

Which sectors are targeted by the proposed Chinese investments?
The proposed Chinese investments target energy, infrastructure, logistics, manufacturing, and education sectors.
What is the largest single investment proposed?
The largest single investment proposed is US$1.65 billion by Zhongxin Environmental Protection Group for an e-waste recycling and disposal industrial project.

Topics

Comments

More in Economy

See all →

Latest stories