New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Bangladesh signed an agreement with which of the

    following companies to set up an Indian Economic Zone for Indian Investors in Bangladesh?
    A Cochin Shipyard Ltd. Correct Answer Incorrect Answer
    B VMS Industries Ltd. Correct Answer Incorrect Answer
    C Garware Marine Industries Correct Answer Incorrect Answer
    D Adani Ports and SEZ Limited Correct Answer Incorrect Answer
    E Starlog Enterprises Ltd. Correct Answer Incorrect Answer

    Solution

    The Bangladesh Economic Zones Authority (BEZA) signed an agreement with the Indian company Adani Ports and SEZ Limited to set up an Indian Economic Zone at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai of Chattogram. The Indian Economic Zone will provide facilities for Indian investors in Bangladesh. The Indian Economic Zone is being built on 857 acres of land with an estimated cost of Taka 964 crore supported by an Indian Line of Credit worth USD 115 million. The project involves land development, construction of connecting roads, security system, water supply, telecommunication, and water treatment plant facilities for the Indian companies investing in Bangladesh. A memorandum of understanding was signed between Bangladesh and India in June 2015 to establish an Indian economic zone. Among the Government to Government economic zones being set up in Bangladesh, the Indian Economic Zone is going to be the second largest one after the Japanese Economic Zone.

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