Bangladesh to get $210 crore from China

Bangladesh has secured a commitment of $ 210 crore in Chinese investments, loans and grants from the Chinese government and its companies.

Chief Adviser’s Press Wing said this on Friday.

Bangladeshi officials and Chinese ambassador in Dhaka Yao Wen said nearly 30 Chinese companies have pledged to invest one billion dollars in the exclusive Chinese Industrial Economic Zone after the Chief Adviser urged private enterprises to invest in the manufacturing sector in Bangladesh.

China has also planned to lend some $400 million in the Mongla port modernisation project, some $350 million in the development of the China Industrial Economic Zone and another $150 million as technical assistance. The rest of the amount would come as grants and other forms of lending.