EPZs fetch 20pc FDI in FY15, BEPZA reveals | 2016-09-23 | daily-sun.com

EPZs fetch 20pc FDI in FY15, BEPZA reveals

Staff Correspondent

23 September, 2016 12:00 AM printer

EPZs fetch 20pc FDI in FY15, BEPZA reveals

The Export Processing Zones (EPZs) across the country fetched 20 percent of the total national Foreign Direct Investment (FDI) during the last fiscal.
The EPZs brought $404.36 million while FDI of the country in the 2014-15 fiscal was US$ 2015.20 million, says a BEPZA press release.
BEPZA is contributing to the total economy of Bangladesh from the eight EPZs over a land of 2307.27 acres.
According to Annual Performance Agreement (APA), the Bangladesh Export Processing Zones Authority (BEPZA) exceeded the investment target by $66.36 million against the target of $338 million for 2015-16 fiscal year.
$404.36 million has been invested in the enterprises of eight EPZs under BEPZA during July-2015 to June-2016.
In 2015-16 fiscal, $110.71 million investment has been made at Chittagong EPZ, $80.63 million at Dhaka EPZ, $60.51 at Karnaphuli EPZ, $54.70 million at Adamjee EPZ, $30.18 million at Comilla EPZ, $18.98 million at Mongla EPZ, $15.11 million at Ishwardi EPZ and $33.53 million at Uttara EPZ.
It may be mentioned that, BEPZA signed investment agreement with 16 new companies in the last fiscal year. These companies will invest $167.56 million for setting up their industrial units.