Regional/ News

Nawabganj project wins special award from Wuhan

Updated: 2018-12-27 13:02

The Bangladesh Nawabganj Heavy Oil Project, supported by POWERCHINA Hubei Engineering Co Ltd, was recently awarded a special fund from the Wuhan bureau of commerce. this marks the first time that the company from Hubei has received special funds from a commerce bureau.

The special fund is like an export subsidy and is mainly given to large or innovative companies in a specific industry. The fund is aimed at encouraging domestic enterprises to expand internationally. The Hubei company received the fund after being included on a list of excellent enterprises by a commerce bureau, which helped improve the company's reputation.