BEPZA produces Tk 6.5bn export in FY-20

Staff Correspondent

16 September, 2020 12:00 AM printer

Bangladesh Export Processing Zones Authority’s (BEPZA) contribution to the national export has increased by 0.71 percent to $6.49 billion in the 2019-20 fiscal.

The operational enterprises of 8 EPZs under the BEPZA have contributed 19.27 percent to the total export earnings of the nation in last fiscal which was 18.56 percent in the previous fiscal, said a press release.

The corona pandemic has caused disruptions to global trade and business and Bangladesh has been equally affected by this contagion as well.

The export sector of the country especially has received huge work order cancellations. During lockdown period of over two months, the economic activities were almost stagnant. As a result, the national export of the country has been decreased to $ 33.67 billion from $40.54 billion.

However, the EPZs contribution to the national export has increased comparing to the previous year due to taking some pragmatic and timely steps.

BEPZA tried its best to keep the production uninterrupted maintaining social distance and other health hygiene rules.

BEPZA encouraged and supported the factories who desired to produce Personal Protective Equipments (PPE) to meet the needs of the time. 

It is mentionable that 475 operational and 74 under implementation enterprises have invested $ 5.29 billion till June 2020 in the 8 EPS of the country.

The cumulative export from the EPZs stood at $ 80.58 billion. A total of 4,66,307 Bangladeshi nationals are producing diversified products of various world famous brand.