Chinese organizations in Bangladesh are feeling the squeeze


• A Chinese organization has started the industrial facility

• Interest in beginning the industrial facility development in February

• The Chinese organization needs to go to generation in June

• The venture focus of the organization is $ 2.8 million

A Chinese organization has made moves to industrial facility Bangladesh in the wake of the US and China exchange war. The organization, Zhujhui Jinuiuan Chemical Industry Company Limited, has framed an agreement with Bangladesh Economic Zones Authority (BEZA) to get arrive in Bangabandhu Sheik Mujib mechanical town of Mirsharai, Sitakunda and Feni in Chittagong.

The organization has revealed to Beja that they will begin the development work in the following month, February. It will be created in June. Their property territory is 10 sections of land. The objective of the speculation is twenty-eight million dollars, which is 235 million taka in Bangladeshi cash. They have effectively paid about $ 12 million for the 50 years of the fundamental estimation of the land to Beja.

The organization originally came to Bangladesh in September. Inquired as to why the processing plant was so quick, Beja sources said that the United States forced 25 percent obligation on Chinese synthetic substances. In this, the organization has been hit by the fare of their enormous market in the United States. That is the reason they need to make plant in Bangladesh rapidly.

Beja, on Thursday, consented to a coalition arrangement with Zhujha Jinuiuan Chemical Industry Company. In the earlier day, the organization affirmed the installment of the enthusiasm of the land. Gotten some information about the official executive of the Bank, Paban Chowdhury said in the primary light that it will be 100% outside speculation. Moreover, the items created in their industrial facilities will be sent out.

Bangabandhu Shilpnagar will be the nation's biggest financial zone Its size will be 30 thousand sections of land. Beja began taking applications in April 2007 for the distribution of land there. As of now there has been an immense venture proposition. Beja has just assigned four thousand sections of land of land for the manufacturing plant. The all out proposition has been endorsed 56. Of these, 39 got arrive. These organizations have offered speculation of around $ 1.2 billion.

Set up the establishment stone of manufacturing plant in Bangabandhu Shantinagar a month ago, an organization named Arman Haque denim. They will plant denim textures in 10 sections of land of land.

Built up in 1999, Zhujhui Jinuiuan Chemical Industry Company They revealed to Beja that their fundamental market is the United States and Canada. They deliver different synthetic compounds including lead oxide, lead nitrate, copper sulfate. They state they will utilize 50 percent of nearby crude materials in the event that they work in Bangladesh. The organization got rent of 30 dollars for each square meter arrive for a long time.

On the off chance that the work is done by the arrangement, the principal industrial facility to be created in Bangabandhu Shilpnagar will be the Zhujhui Jinuiuan Chemical Industry Company. Beja is trusting that in the following two years there will be a few processing plants underway.


Among the administrative associations, Beja has given around 1,555 sections of land of land to the Export Processing Zones Authority (BEPZA) in Mirsarai. India is likewise taking one thousand sections of land of land there. A financial zone will be set up for Indian speculators on this land. Financial specialists from various nations including China, Japan, UK, India, Singapore, have connected for land.

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