Hi-Tech Park, Sylhet, struggles to meet industrialization targets amid infrastructure…
What happened
The National Economic Council approved the Hi-Tech Park, Sylhet, in March 2016, with an estimated cost of Tk 336 crore. However, reports indicate the park is struggling to meet its goals, with only 400 jobs created against a target of 20,000 and attracting Tk 300 crore in investment against a target of Tk 1,500 crore.
From asianews.network
Why it matters
The park was intended to industrialize Sylhet’s economy and capitalize on its proximity to India’s northeastern states. Current issues, including gas shortages and unreliable electricity, are undermining business expansion and the fulfillment of promised commitments.
From asianews.network
Who's involved
- National Economic CouncilApproved the Hi-Tech Park project
Keep exploring
The entities involved
-
Ministry of Energy and Mineral Resources
Indonesian ministry concerning energy and mineral resources
Nothing else this week.
-
National Economic Council
United States federal government body chaired by the president for consideration of economic issues