Twelve Chinese companies have proposed to invest US$9.21 billion in Bangladesh after the CEOs and heads of the companies, representing various subsectors, met Prime Minister Tarique Rahman in Beijing on June 25.
Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Bin Harun was present at the meeting between the Prime Minister and the representatives of the Chinese companies.
Shanghai SUS Environment Co., Ltd., one of the world's leading waste-to-energy (WTE) investors and operators, has proposed to invest US$890 million in developing waste-to-energy (WTE) plants, according to a document seen by UNB news agency.
China Future Energy Group Holding Limited, which specialises in petroleum engineering and gas field investment, has proposed to invest US$250 million in the exploration and development of gas fields.
China Civil Engineering Construction Corporation (CCECC), a Chinese state-owned contractor, investor and operator, has proposed to invest US$650 million in the development and operation of the Mongla Port Economic Zone to attract Chinese manufacturing industries, build a bonded warehouse for imports, and develop Mongla into a new logistics hub, generating 50,000 jobs.
Shenzhen Kaifa Technology Co. Ltd. has proposed to invest US$250 million in manufacturing electric smart meters in Bangladesh.
SF Express, China's largest logistics company, has proposed to invest US$180 million in cold-chain logistics and bonded warehouse facilities in Mongla to support the e-commerce and export industries.
Huaxin Textile Industry Co. Ltd. has proposed to invest US$190 million to expand recycled cotton and yarn production, manufacture cylindrical lithium batteries, and construct a 200 MW solar power plant for its own use in the Payra Port Industrial Zone.
Zhongxin Environmental Protection Group has proposed to invest US$1.65 billion to establish an e-waste recycling and disposal industrial project in the Payra Port Industrial Zone.
CRRC Ziyang Co. Ltd. has proposed to invest US$190 million to establish a rolling stock assembly plant through a joint venture with BMTF.
Sichuan Road & Bridge Group Co. Ltd. has proposed to invest US$4.5 billion in the Dhaka-Chattogram Highway PPP project to enhance national connectivity and economic growth.
China Kepai Education Group has proposed to invest US$270 million to build a modern application-oriented university and vocational education industrial park designed to accommodate 30,000 students in the long term.
China Shandong Zhongxin Pharmaceutical Co. Limited has proposed to invest US$190 million to establish a large-scale Chinese medicinal herb cultivation industry in Bangladesh.
Ashik Chowdhury said on Saturday that stability has been restored following the formal assumption of office by the newly elected government in Bangladesh, adding that this renewed climate of confidence had been effectively communicated to investors.
He said Bangladesh presented a five-year tax outlook for the first time and highlighted these measures as indicators of stability to the investors.