Padma Bridge to help boost trade opportunities

Pranta Biswas: The Padma Bridge, which will connect 21 south and southwestern districts, will help expand businesses, reduce transportation costs and time and accelerate growth.

Opening the Padma Bridge for transportation will open the doors of great potential and opportunity for the countrymen mostly in the southern-west parts. As a Bangladesh’s export-oriented sector, including the textile and apparel sector, the lifeline of the economy and foreign currency earners, will get a boost as it will reduce the time to transport goods to ports.

According to the report, experts reckon that Padma Bridge, a dream project of Bangladesh, will transform trade and connectivity significantly, ushering a new era of economic development in the country,

According to many experts, the Padma Bridge’s contribution will be more than the Jamuna. Experts believe that many small and big industries will be growing in the south-western part of the country along the Padma Bridge route, including manufacturing businesses, RMG, assembling plants, storage facilities. According to ADB estimates, the direct investment made around this bridge will boost the regional economy.

Prime Minister Sheikh Hasina will inaugurate the bridge on 25 June, fulfilling the decades-long desire of the people, particularly those from the southern districts The public can start using the 6.15-kilometre bridge that will connect the capital with the south-western regions from June 26.

According to a light castle, there will be rapid growth of mega factories, hospitals, universities, housing industries, and small businesses around the Padma Bridge.

Source: Business inspection

Additionally, the shipbreaking industry, RMG, assembling plant, and storage facilities will be set up in this region. According to a BSIC source, 500 to 1000 factories of the different sectors will be set up in 6 districts of the Barisal division in the next ten years. According to a report by Dhaka Tribune, if demand for gas, electricity, internet, and infrastructure in the south-west can be met, trade between India, Nepal, and Bhutan with Bangladesh through the region will increase. As a result, the economic landscape of the south-west may change.