Bangladesh Export Processing Zones Authority (BEPZA) has started allotment of plots to the investors.
The provisional allotment letters were provided to 10 companies, mostly foreign, at BEPZA Complex in Dhaka on Sunday, said a press release.BEPZA executive chairman Major General Md Nazrul Islam handed over the allotment letters to the investors.
About 70 local and foreign companies have already applied expressing their interest to invest in BEPZA economic zone located at Bangabandhu Sheikh Mujib Shilpa Nagar at Mirsharai in Chattogram.
The companies who got allotment include two from the UK, two from South Korea, two from China, one from the USA, one from Hong Kong, one from Canada and one from Bangladesh.
The proposed investment of those companies is worth $334 million, where 51,300 Bangladeshis are expected to be employed.
Congratulating the new investors, Md Nazrul Islam said, “BEPZA put its all experience of long 40 years in developing BEPZA economic zone.”
He said the investment of BEPZA increased by 79 percent during January-April 2021 compared to the previous year. He said BEPZA has been contributing around 20% to the total national exports. The executive chairman hoped that the contribution would be augmented significantly after the launch of BEPZA economic zone with its eight EPZs. He assured of all-out cooperation to the investors within the provision of law. Prime Minister Sheikh Hasina unveiled the foundation stone of the BEPZA economic zone established on 1150 acres of land at Mirsharai, Chattogram through video conference from “BEPZA International Investors Summit 2018” held at Bangabandhu International Conference Center on 24 January 2018.Later, the development work of BEPZA Economic Zone gets momentum after approval of the project “BEPZA Economic Zone, Mirsharai First phase” at ECNEC.
A dike (protection wall) around the project has already been constructed under the first phase work.
The land development by sand filling is almost completed. The work of roads, electricity and gas supply network is almost done for establishing industrial units.
The construction work of Zone Service Complex (BEPZA Office), Officer’s and Staff’s Dormitory, Investors’ Residence, Ansar and Security Barrack, Custom and Security Building, Main Gate and Custom Gate, among others, is going on. A number of 539 industrial plots would be ready for establishing about 350 industrial units after the completion of the total development work.
BEPZA hopes that it will be able to create employment opportunities for around half a million Bangladeshis and attract investment of around $4.5 billion after full implementation of project. Investors from 38 countries have invested $5.6 billion. Goods worth of $86 billion have been exported from the enterprises. General Manager (Investment Promotion) Md. Tanvir Hossain, Member (Investment Promotion) Md. Mahmudul Hossain Khan, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md. Zakir Hossain Chowdhury, General Manager (PR) Nazma Binte Alamgir, General Manager (ES) Md. Khorshid Alam, Project Director of BEPZA EZ Md and Hafizur Rahman, among other high officials and investors, were present at the ceremony.