Bangladesh Export Processing Zones Authority (BEPZA) has started allotment of plots of BEPZA Economic Zone for the investors.
BEPZA today provided provisional allotment letters to 10 companies of home and abroad at BEPZA Complex in the city, said a press release.
The Executive Chairman of BEPZA Major General Md Nazrul Islam handed over the allotment letters to the investors.
Mentionable, 70 local and foreign companies have already applied expressing their interest to invest in BEPZA Economic Zone located at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsharai, Chattogram. Out of them, BEPZA provided provisional allotment to 10 companies.
Among the 10 enterprises, two from the UK, two from South Korea, two from China, one from the USA, one from Hong Kong, one from Canada and the rest one from Bangladesh.
The proposed investment of those companies is US$ 334 million where 51,300 Bangladeshi nationals would be employed.
Congratulating the new investors, BEPZA Executive Chairman said BEPZA put it’s all experience of long 40 years in developing BEPZA Economic Zone. “BEPZA leaves no stone unturned to secure your investment” he added regarding the safety and security of investment in the Zone.
The Executive Chairman said that the investment of BEPZA increased 79 percent during January-April, 2021 than the same period of last year.
He said, BEPZA has been contributing around 20 percent to the total national export and hoped that this contribution would be augmented significantly after being added to the BEPZA Economic Zone with its 8 EPZs.
The Executive Chairman reiterated the commitment of BEPZA to provide all sorts of cooperation to the investors within the provision of law. He urged the investors to come forward to grow mutually.
Mentionable, Prime Minister Sheikh Hasina unveiled the foundation stone of 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 works of BEPZA Economic Zone gained momentum after approval of the project ‘BEPZA Economic Zone, Mirsharai 1st phase’ at ECNEC in order to expedite the construction of physical infrastructure.
A dike (protection wall) around the project has already been constructed as a part of 1st 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), Officers and Staff’s Dormitory, Investors’ Residence, Ansar camp; Security Barrack, Custom and Security Building, Main Gate and Custom Gate, etc. is going on. 140 industrial plots with each size of 3600 square meters have already been prepared for investment. BEPZA started to allocate from these ready plots as per the demand of the investors.
All sorts of facilities would be added gradually to make BEPZA Economic Zone a smart, green zone. Total 539 industrial plots would be ready for establishing about 350 industrial units after the completion of the total development work. BEPZA hopes it will be able to create employment opportunities for around 5 lakh Bangladeshi nationals and attract investment of about US$ 4.5 billion after implementation of the whole project.
From the inception, 8 EPZs under BEPZA has been working relentlessly to achieve its desired goal by attracting investment, increasing exports through product diversification and creation of employment.
Now BEPZA is being praised globally as ‘Paradise of investment’. Investors from 38 countries have invested US$ 5.6 billion. Goods worth of US$ 86 billion have been exported from the enterprises in the EPZs where 4.5 Bangladeshi nationals have been employed.
General Manager (Investment Promotion) Md. Tanvir Hossain highlighted the overall scenario including the development work of BEPZA Economic Zone at the beginning of the program.
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. Hafizur Rahman and high officials of BEPZA including foreign and local investors were present in the ceremony.