New Industrial Hub in the Bay of Bengal Region Proposed by Japan

11 April 2023

Japan has proposed the development of a new industrial hub for the Bay of Bengal region. The hub, planned to be built in Bangladesh, will be equipped with supply chains that are connected to India's northeastern region. It will also be linked to Bhutan and Nepal through a planned port and transportation infrastructure.

The Government of Japan has recently approved $1.27 billion in funding for three infrastructure projects in Bangladesh—(i) second tranche of the Matarbari Port Development Project; (ii) first tranche of the Chattogram-Cox's Bazar Highway Improvement Project; and (iii) construction of dual gauge double railway line between Joydebpur-Ishwardi section

Mr. Shahriar Alam, Minister of State for Foreign Affairs, Government of Bangladesh, noted that the planned hub would boost Indian-Bangladeshi trade and help bring in Japanese and other foreign investment.

 

Related links

Japan proposes industrial hub in Bangladesh with supply chains linking to India’s North east region

Japan to provide 1,65,319m Japanese Yen ($1.27b) to Bangladesh

 

The Government of Bangladesh has launched a fully automated trade clearance system, making the submission and issuance of...

Read More


Assam and Bhutan have pledged to strengthen their bilateral tourism ties by collaborating on smoother and more accessible...

Read More


The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) celebrated its 28th Anniversary on 16...

Read More


Nepal began its regular export of electricity to Bangladesh, by sending 40 megawatts (MW) of electricity through India's...

Read More


In a landmark move to enhance tourism cooperation between India and Nepal, the Indian Association of Tour Operators...

Read More


Reliance Power of India has signed a major agreement with Green Digital Private Limited, a Bhutan government-owned entity,...

Read More


The Adani Group of India and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark...

Read More