Skip to main content
NTv Online

Business

Business
  • Budget
  • Economy
  • Industry
  • Markets
  • More
  • Service
  • Tech
  • Bangla Version
  • Archive
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangla Version
  • Archive
Follow
  • Business
UNB
01 June, 2015, 18:23
Update: 01 June, 2015, 18:25
More News
Upay offers lowest cash out charge at ATM
Grameenphone’s profit making graph is high
Bangladesh fastest-growing economy in S Asia after Bhutan: WB
Businesspeople no longer against VAT law implementation: Kamal
Govt sets higher revenue collection goal for next FY

Bill seeking to set up Economic Zones by foreign countries okayed

UNB
01 June, 2015, 18:23
Update: 01 June, 2015, 18:25

Dhaka: The Cabinet on Monday gave the final approval to the draft of the Bangladesh Economic Zones (Amendment) Bill, 2015 aiming to incorporate the provision of establishing Economic Zones in Bangladesh by foreign countries under Government-to-Government (G-to-G) basis.

The approval was given at the regular weekly meeting of the Cabinet held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair.

Briefing reporters after the meeting, Cabinet secretary M Musharraf Hossain Bhuiyan said the proposed amendment also relaxed the provision of establishing Economic Zones outside city corporation, municipality and cantonment board areas for only IT and ICT related industries.

He said a processing committee would also be formed under the amended law to establish Economic Zones on G-to-G basis to prepare necessary modalities for the purpose.

Musharraf Hossain said the existing Bangladesh Economic Zones Act, 2010 has the provisions for setting up four types of economic zones in the country namely government economic zones, private economic zones, economic zones under PPP initiatives and specialized economic zones.

But, now countries like China, Japan and India have shown their interests to set up economic zones in Bangladesh on G-to-G basis following the successful visits of the Prime Minister.

Under the circumstances, the Cabinet Secretary said, such an enabling provision has been incorporated in the proposed amendment so that the interested foreign countries could set up economic zones in Bangladesh in partnership with the government.

The Cabinet meeting also approved the draft of the ‘National Social Security Strategy of Bangladesh’ with some observations making provisions for bringing the vulnerable group people under Social Safety Network for their whole life.

The cabinet secretary said the draft of this strategy was earlier placed before the cabinet meeting on 6 April 2015 where the Cabinet gave some observations. After reflecting those, the GED of the Planning Commission again placed the draft strategy today for approval.

He said the government now spends around 2.3% of GDP annually in various social safety net programmes as some 145 different social safety net programes in association of 23 ministries and divisions are being implemented.

He said ensuring proper coordination among the huge number of programmes is a big challenge where existence of a strategy paper is very important which would act as a guiding document. The paper would also give special attention to the physically-challenged and disabled people.

Ministers and state ministers attended the meeting. Secretaries concerned were also present.

Most Read
  1. Rely on your refrigerator even during power outage
  2. ‘SpaceMax’ with Samsung Side-by-Side refrigerators
  3. Samsung’s TV Lineup to uplift entertainment and sports experience
  4. The season for TV entertainment is back
  5. Samsung launched exclusive campaign titled “Big TV Days”
  6. Succession replacement required to achieve organizational goal
Most Read
  1. Rely on your refrigerator even during power outage
  2. ‘SpaceMax’ with Samsung Side-by-Side refrigerators
  3. Samsung’s TV Lineup to uplift entertainment and sports experience
  4. The season for TV entertainment is back
  5. Samsung launched exclusive campaign titled “Big TV Days”
  6. Succession replacement required to achieve organizational goal

Follow Us

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Browse by Category

  • About NTV
  • NTV Programmes
  • Advertisement
  • Web Mail
  • NTV FTV
  • Satellite Downlink
  • Europe Subscription
  • USA Subscription
  • Privacy Policy
  • Terms & Conditions
  • Contact

Our Newsletter

To stay on top of the ever-changing world of business, subscribe now to our newsletters.

* We hate spam as much as you do

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Reproduction of any content, news or article published on this website is strictly prohibited. All rights reserved