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HomeFinance, MoneyBangladesh aims for green EZs to woo investors

Bangladesh aims for green EZs to woo investors

The government has initiated plans to develop environmentally friendly green economic zones, particularly the National Special Economic Zone (NSEZ), to attract both foreign and local investors and to compete effectively on the global stage.

To this end, the Bangladesh Economic Zone Authority (BEZA) is currently drafting a guideline titled “Green and Resilient Economic Zone (GREZ) Guideline”, which will soon be submitted for approval by the Chief Adviser Prof Muhammad Yunus, a senior BEZA official informed the Daily Sun.

“Once the guidelines receive approval, BEZA will begin pilot implementations in economic zones,” the official added.

“Three key measures will be implemented under the GREZ guidelines: the installation of a Central Effluent Treatment Plant (CETP), a solid waste management system, and a solar power plant. These will initially be piloted at the NSEZ,” the official elaborated.

Instead of constructing multiple zones simultaneously, BEZA plans to focus on creating one exemplary zone that will serve as a benchmark for future developments.

The zone will provide comprehensive amenities and utilities while adhering to stringent environmental standards, officials explained.

The initiative aims to improve the environmental sustainability of production processes.

At the sixth meeting of the National Steering Board, formed under the Bangladesh Water Multi-stakeholder Partnership at the Office of the chief adviser, a technical committee comprising government and private representatives approved the GREZ guidelines for BEZA. It was decided to pilot the guidelines in selected economic zones, pending final approval.

Daily Sun

https://www.daily-sun.com/printversion/details/785201?utm_source=newsletter&utm_medium=email&utm_campaign=world_fzo_weekly_news_14_january_2025&utm_term=2025-03-21

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