BEPZA Chief Sees a Major Boost in High-End Manufacturing with China Ties2 min read
Bangladesh is gearing up for a major influx of Chinese investment, with hopes of establishing high-end electrical and electronics manufacturing, vehicle production, and medical equipment industries in the country. The Bangladesh Export Processing Zones Authority (BEPZA) Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman, believes that the upcoming visit of Chief Adviser (CA) Prof. Dr. Muhammad Yunus to China will play a key role in unlocking this potential, reportedly.
Prof. Dr. Muhammad Yunus, a globally respected figure, is expected to leverage his influence to attract Chinese investors and accelerate the process of setting up advanced manufacturing industries in Bangladesh. His visit, scheduled for March 26-29, is anticipated to strengthen economic ties and create new opportunities for industrial collaboration.
During a recent press briefing, CA’s Press Secretary Shafiqul Alam emphasized that the visit would focus heavily on relocating Chinese factories to position Bangladesh as a global manufacturing hub.
With trade restrictions and tariffs imposed by the United States on Chinese exports, many Chinese manufacturers are seeking alternative locations for their operations. According to Ziaur Rahman, this presents a golden opportunity for Bangladesh, as businesses look to shift production before the full impact of these tariffs takes effect. He highlighted that Bangladesh is emerging as the top choice for Chinese investors looking to relocate their industries.
Read more: BEZA Unveils Three-Phase Master Plan to Develop Economic Zones
Following last year’s mass uprising and political changeover in August, law and order in Bangladesh have significantly improved, thanks to strict government measures. As a result, foreign investors are showing renewed confidence in the country’s stability.
BEPZA’s chief noted that many Chinese and Korean businesses have already invested in Export Processing Zones (EPZs), and now efforts are being made to attract investments from Europe and beyond. With Bangladesh’s image improving on the global stage, there is strong optimism that European and other international investors will expand their presence in the country.
To facilitate smoother Chinese investments, stakeholders have urged the Bangladeshi government to open consulate offices in Shanghai, Guangzhou, and other key industrial cities. Since a majority of Chinese investors operate outside Beijing, obtaining travel visas has become a logistical challenge due to distance and time constraints. Setting up additional consulate offices would ensure a more efficient visa process, enabling Chinese investors to travel and invest in Bangladesh with greater ease.
With China’s manufacturing shift and Bangladesh’s rising reputation as a promising investment destination, the stage is set for a transformational period in the country’s industrial and economic growth. If all goes as planned, Bangladesh could soon emerge as a hub for high-end manufacturing, attracting global players and boosting its export potential.
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