EPZs export earnings surpass target in FY 16

EPZ factories contributed about 20% to the national export of $34.25 million in the last fiscal year of 2015-16. According to Bangladesh Export Processing Zones Authority (BEPZA), in the last fiscal year, Bangladesh earned $6.67 billion, which is 11.27% or $667 million higher against the export target of $6 billion set for FY’16. In fiscal year 2014-15, Bangladesh fetched $6.11 billion, exporting products produced at factories located in the country’s eight EPZs. In 2015-16 fiscal year, the enterprises of Chittagong EPZ exported goods worth of $2.42 billion, Dhaka EPZ $2.18 billion, Karnaphuli EPZ $823.28 million, Adamjee EPZ $563 million, Comilla EPZ $308.33 million, Mongla EPZ $75 million, Ishwardi EPZ $115 million and Uttara EPZ $189 million. Currently, there are eight export-processing zones in the country operating under BEPZA. Manufacturers at the EPZs area enjoy especial facilities to run factories such as uninterrupted electricity and gas supply and other services on fast track basis. EPZ factories produce traditional garments, textile and knitting items, electronic and Electrical Products, Motor car parts, mobile phone parts, Camera lens and parts, Bicycle, Battery, Golf shafts, Leather Products and Foot-Wear, Energy Savings and LED bulbs, Furniture, Tent, etc.