TBT DESK: In a significant move that could reshape the country's industrial development strategy, the Bangladesh Investment Development Authority (BIDA) has officially delisted 10 economic zones from its active roster. The announcement came on Sunday, prompting renewed discussions around the long-term viability and planning of economic zones in Bangladesh.
The decision affects both public and private sector projects equally, with five government-backed and five privately owned economic zones being removed from BIDA's approved list.
Among the public economic zones that have been scrapped are some previously ambitious projects: the Sonadia Eco Tourism Park in Cox's Bazar, Sundarbans Tourism Park in Bagerhat, Gojaria Economic Zone in Munshiganj, Sreepur Economic Zone in Gazipur, and Mymensingh Economic Zone. These zones were once envisioned to boost regional tourism, attract investors, and create jobs, but progress had reportedly stalled in recent years.
The private zones removed from the list include well-known initiatives such as the Garment Industrial Park by BGMEA in Munshiganj, Chatak Economic Zone in Sunamganj, Fomcom Economic Zone in Bagerhat, City Special Economic Zone in Dhaka, and Sonargaon Economic Zone in Narayanganj.
While BIDA has not provided a detailed explanation behind the delistings, officials familiar with the matter suggest that a lack of development, poor investment interest, and logistical challenges may have played a role. The move is seen as part of BIDA's broader efforts to refocus resources on zones with clearer paths to success and higher economic impact.
For many, the announcement has come as a surprise, especially for stakeholders who had pinned hopes on the development of these zones. Local communities and potential investors in affected areas now face uncertainty, as questions arise about what will happen to land already allocated or partially developed.
Economic analysts believe this may mark a turning point in the country's industrial policy-an attempt to clean up the slate and concentrate on zones with higher performance potential. However, they also caution that transparency and proper communication will be key in managing the fallout and rebuilding investor confidence.
As of now, BIDA has not indicated whether any of the delisted zones might be reconsidered in the future, nor has it confirmed how the decision will impact ongoing infrastructure or investment discussions linked to the sites. With Bangladesh continuing to position itself as a growing hub for industry and export, all eyes will now be on how BIDA follows through, both in supporting the zones that remain and in managing the aftermath of this high-profile reshuffle.