KEPZ’s IT zone gets hi-tech park status

MoU signed for developing tech park

Staff Correspondent

23 February, 2021 12:00 AM printer

KEPZ’s IT zone gets hi-tech park status

Bangladesh Hi-tech Park Authority Managing Director Hosne Ara Begum, Startup Bangladesh Managing Director Tina Jabeen and KEPZ Chairman Kihak Sung pose for a photo after signing an agreement at KEPZ auditorium at Anwara of the port city on Monday. State Minister for ICT Zunaid Ahmed Palak was also present on the occasion.

The government has recognized the information technology (IT) zone at the Korean Export Processing Zone (KEPZ) in Chattogram as hi-tech park.

State Minister for ICT Zunaid Ahmed Palak made the announcement after a tri-party agreement at the KEPZ auditorium at Anwara in the port city on Monday.

The recognition is expected to attract more investments into the KEPZ.

Korean Ambassador Lee Jang-keun and ICT Division Senior Secretary Zeaul Alam spoke, among others, at the event.

A tripartite memorandum of understanding (MoU) was signed among the Bangladesh High-tech Park Authority (BHTPA), Korean EPZ (KEPZ) and Startup Bangladesh Limited to develop a high-tech park at the KEPZ at Anwara upazila in the district on Monday.

BHTPA Managing Director Hosne Ara Begum, Korean EPZ Chairman and CEO Kihak Sung and Startup Bangladesh Limited Managing Director and CEO Tina Jabeen signed the MoU on behalf of their respective organisations.

As per the deal, the ICT Division and the KEPZ authorities will work together to develop a hi-tech park over 100 acres of land, which includes a specialized laboratory and a training facility for the entrepreneurs.

The hi-tech park is expected to generate 20,000 new employments at the KPEZ.

Zunaid Ahmed Palak said the government wants to develop an ecosystem to motivate youths for entrepreneurship instead of searching jobs.

He said an IT Business Incubator is being developed fast at the Chittagong University of Engineering and Technology (CUET).

Besides, the port city gets a hi-tech park on top floors of the Singapore-Bangkok Market, state minister said.

Palak said, “In Chandgaon area, we are constructing Sheikh Kamal IT Training and Incubation Centre. After completing all the projects, Chattogram will transform into a tech city.”

During the tenure of Awami League government in 1999, the government allocated 2,500 acres of land for developing the KEPZ which has so far generated 25,000 employments.

There are a number of 39 hi-tech parks developed across the country to support knowledge economy, of which, five parks have already attracted Tk3.27 billion worth of investments in the private sector.

The BHTPA Director (Finance and Admin) NM Shafiqul Islam and Startup Bangladesh Limited Investment Manager Foyez Ahmed were present at the programme among others.