The first step in realizing this vision involves comprehensive infrastructure development on the island. This includes the construction of a modern port, an international airport, and an efficient transportation network. Robust infrastructure will attract foreign investments and facilitate international trade.
Additionally, it is crucial to establish a conducive business environment on Bhasan Char. This can be achieved by offering tax incentives, simplifying regulations, and developing industrial zones equipped with modern facilities. These zones can attract companies from various sectors, such as manufacturing, technology, and renewable energy.
To attract investments from the Rohingya community in Saudi Arabia, Pakistan, and other countries, the Bangladeshi government can offer specialized investment schemes. These schemes may include preferred stock ownership, investment guarantees, and easy profit repatriation.
Rohingya community members with expertise and experience in finance and business can play a vital role in developing Bhasan Char. They can establish joint ventures with local and foreign investors, as well as provide training and mentorship to Rohingya entrepreneurs on the island.
The development of Bhasan Char as an SEZ can also provide significant benefits to the local Bangladeshi population. The island can create new job opportunities, increase incomes, and stimulate economic growth in the surrounding regions.
Furthermore, the Bhasan Char SEZ can become a hub for innovation and technology. The Bangladeshi government can establish research and development centers, business incubators, and technology parks on the island. This will attract global technology companies and create a dynamic innovation ecosystem.
To ensure environmental sustainability, the development of Bhasan Char must be conducted with adherence to sustainable development principles. This includes the use of renewable energy, efficient waste management, and the protection of the island's ecosystem.
The Bangladeshi government also needs to collaborate with international organizations and donor countries to secure technical and financial support. These partnerships can help accelerate the development of Bhasan Char and ensure its success.
The transformation of Bhasan Char into an SEZ is not merely about economic development. It is also about providing hope and opportunities for the Rohingya community. By becoming part of a dynamic economic center, they can build a better future for themselves and their families.
The success of Bhasan Char will serve as a model for other regions around the world facing similar challenges. It will demonstrate that a refugee island can be transformed into a center for economic growth and innovation.
However, it is essential to remember that the development of Bhasan Char must be carried out with respect for the human rights and dignity of the Rohingya community. They must be given opportunities to participate in decision-making and benefit from the island's development.
With a strong vision, unwavering commitment, and cooperation from all parties, Bhasan Char can transform into a thriving economic center and make a substantial contribution to the progress of Bangladesh and the Rohingya community.
