CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed.
Bangladesh to start construction work of nuclear power plant
Prime Minister Sheikh Hasina is set to inaugurate the main construction work of Rooppur Nuclear Power Plant. The plant is expected to produce 1,200 megawatt electricity by the end of 2023 and another 1,200 MW the following year.
Russia will finance 90 percent of the fund under a supplier’s credit. Russian state atomic energy corporation – Rosatom – will build the power plant at a cost of $12.65 billion.
EEF commitments to be tightened due to poor recovery
In the backdrop of poor recovery of funds, the government is set to toughen agreed commitments from borrowers of the Equity and Entrepreneurship Fund (EEF). Nearly a dozen criminal cases are underway as a section of errant borrowers fled after obtaining equity from the EEF or have become defaulter. Inviting expression of interest (EoI) from prospective entrepreneurs has been stalled for months as some major weaknesses in the EEF policy were exposed.
Business communities demand cancellation of mandatory use of e-tracking
The leading chambers and trade associations are pleading with the National Board of Revenue to withdraw the rules for mandatory use of electronic seal and lock, an e-tracking technology, on containers stuffed with export and import goods for both way transportations from the Chittagong Port to private inland container depots. They are arguing that mandatory use of e-tracking system will increase their cost of doing business in the country.
