FBCCI urges JICA to facilitate Matarbari as a petrochemical hub

Business Desk :
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md. Jashim Uddin on Thursday urged the JICA to facilitate establishing a petrochemical industrial hub in Matarbari-Moheshkhali project area in Cox’s Bazar.
He also called for undertaking development projects for the sustainable energy sector.
The FBCCI chief came up with the call at a discussion with Japan International Cooperation Agency (JICA) head office officials regarding the Matarbari-Moheshkhali project held at the FBCCI office on Thursday, reports, BSS.
The release said despite having huge demand brought by the local industry, Bangladesh lacks a petrochemical industry.
Therefore, a petrochemical complex is a much needed one to keep the country’s industrial development and economic growth up. He said Bangladesh’s geographical location and offshore economy showcase huge potentials. However, harnessing these opportunities require further development in infrastructure, port and energy sector, the federation chief noted. Therefore, JICA, as a trusted development partner of Bangladesh, may devise projects in this regard, Jashim suggested. Deputy Director of the JICA Headquarter Asakawa Yuka assured the all out cooperation for the private sector of Bangladesh to make the Matarbari-Moheshkhali integrated development initiative successful. FBCCI Director and MCCI President Md. Saiful Islam called for JICA’s cooperation in FBCCI Innovation and Research Center.