New Delhi: With an increasing bilateral relationship with India, Bangladesh has decided to set up an economic zone in Jamalpur, bordering Meghalaya aiming to export light-engineering and garment products to Northeastern India.
The Executive Committee of the National Economic Council (Ecnec) of Bangladesh had approved the 300 crore project on Wednesday night. The project is expected to be completed by next year.
To be located on about 500 acres land with ancillary facilities, the economic zone will be developed to attract investment from Indian and Bangladeshi companies as per the planning ministry’s proposal. Bangladesh shares a 1,880km border with four Indian states namely Meghalaya, Tripur , Mizoram and
Assam and Meghalaya alone with 443km border is the closest state to Jamalpur.
Bangladesh will become an industrial hub for NE Indian states to manufacture and ship light engineering goods, garment, consumer goods and food items, sources said.
