Bangladesh Prime Minister Sheikh Hasina called on neighboring countries to cooperate in the Bangladesh Government's efforts to become a developed nation. In a meeting with India's Minister of State on Independent Charge for Petroleum and Natural Gas, Mr. Dharmendra Pradhan, Prime Minister Hasina emphasized Bangladesh's focus on promoting connectivity.
Tags: Bangladesh, India, Regional Cooperation, Special Economic Zone, BBIN
Asian Development Bank (ADB) Chief Economist and Director General of Economic Research Dr. Shang-Jin Wei and a team of senior officials visited Sri City in India's Andhra Pradesh on 17 December 2015 as part of a study on the Vizag-Chennai Industrial Corridor (VCIC). A Special Economic Zone for export-oriented industries will be established in Sri City's Industrial Zone, to support India's manufacturing growth campaign, the 'Make in India' initiative.
Tags: Special Economic Zone, Vizag-Chennai Industrial Corridor, manufacturing, India, ADB
The Bangladesh Government is set to approve in principle the establishment of a special economic zone for Indian investors in Mongla and Bheramara under India’s $2 billion line of credit (LOC). A Development Project Proposal is under consideration by the Executive Committee of National Economic Council. The Indian LOC would contribute $2 billion toward the total cost estimate of $2.37 billion for the 13 projects under the Memorandum of Understanding.
Tags: Bangladesh, India, Special Economic Zone
President Abdulla Yameen ratified the Special Economic Zones Act on 1 September 2014 to stimulate economic growth in Maldives and transform the economy through diversification, less stringent regulations, and tax concessions that would attract foreign investors into the country. This would make the economy less dependent on tourism and more open to infrastructure development.
Tags: Maldives, Special Economic Zone, Infrastructure