Compiled features on recent developments in regional cooperation and integration in the SASEC region.
A landmark Official Development Assistance (ODA) loan agreement was signed between the Ministry of Finance of Bhutan and the Japan International Cooperation Agency (JICA) to fund the construction of three small hydropower plants to be completed by May 2029. These new hydropower plants will help Bhutan meet its rising domestic power demand and increase electricity exports during the monsoon season.
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Tags: Bhutan, Energy, Hydropower, Japan
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.
Tags: Bangladesh, Economic corridor, Japan
In the Araihazar upazila of the Narayanganj District, Bangladesh, a Japanese Economic Zone is being developed by the Government of Bangladesh and the Japan International Cooperation Agency (JICA). Japan is eyeing to raise $1 billion investment from around 100 companies in the economic zone.
Tags: Bangladesh, Economic zone, Japan, manufacturing