Sylhet chamber chooses lands for special economic zone
Sylhet Chamber of Commerce and Industry (SCCI) has selected 1,000 acres of land for setting up an special economic zone in order to attract investment especially from the non-resident Sylheties. The special economic zone, adjacent to Fenchuganj-Tamabil Bypass Road Link, will provide land and other infrastructural facilities to the entrepreneurs to set up manufacturing and other industrial units. "We will submit the proposal to the government for acquiring the land,' said SCCI President Junnun Mahmud Khan. He said the chamber has completed a feasibility study on setting up a special economic zone or an industrial park in Sylhet division from where a large number of expatriates are living mainly in the UK and USA. The SCCI has also signed a memorandum of understanding with the British-Bangladesh Chamber of Commerce and Industry (BBCCI) in 2006. Under the deal, the BBCCI will bring together the non-resident Sylheties to invest in the economic zone. It is expected that 65 percent land of the zone will be provided to the expatriates. According to the feasibility study, Sylhet has available land, abundant natural and forest resources to set up an economic zone or industrial park. There is an ample scope to increase production of various agricultural commodities. In Sylhet division, there is also scope to increase fish production through undertaking aggressive programmes and activities. Sylhet has economically significant storage of minerals for industrialisation. Natural gas, limestone, sand stone and sand, glass sand and coal are available in this region. Some supports should be provided to the non-resident Sylheties to encourage investment. The supports include investment security, one-stop services cell for registration, licensing and regulatory formalities, prompt and easy access to physical infrastructure like plots and utility connections, access to institutional support for identification of the reliable and good local partners, strong access to business support services such as banks, insurance and shipping, easy access to reliable expert and consulting services, access to amenities and recreation facilities, and cargo shed and jet fueling station in Sylhet airport, the study said. In the economic zone, there will be scope for establishing power plants, agro processing units, re-rolling mills and steel casting mills, said Nasim Hussain, senior vice-president of SCCI. As the seven sister states of India are very near from Sylhet, the entrepreneurs or the investors will have an easy access to the seven sisters to export their products, he said. "We are hoping to get a huge response from the Sylheti expatriates,' he added. Sarwar@thedailystar.net