• Sunday, Sep 19, 2021
  • Last Update : 10:33 am

Bepza begins allotting plots for its EZ at Bangabandhu Shilpa Nagar

  • Published at 06:35 pm June 14th, 2021
Bepza EZ plot allotment 10 companies
Officials of 10 companies receive plot allotment letters from the Bangladesh Export Processing Zones Authority (Bepza) at a handover ceremony in the capital on Sunday, June 13, 2021 Courtesy

A total of 70 local and foreign companies have already applied expressing their interest to invest in Bepza EZ

Bangladesh Export Processing Zones Authority (Bepza) on Sunday began allotment of plots of Bepza Economic Zone (EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar at Mirsarai in Chittagong.

Out of them, Bepza provided provisional allotment to 10 companies, said a press release.

A total of 70 local and foreign companies have already applied expressing their interest to invest in Bepza EZ, the release also said.

Maj Gen Md Nazrul Islam, executive chairman of Bepza, distributed the allotment letters to the respective companies on the day.

Among the 10 enterprises, two are from the UK, two from South Korea, two from China, one from the USA, one from Hong Kong, one from Canada and the remaining one from Bangladesh.

The proposed investment of those companies is $334 million where 51,300 Bangladeshis would be employed.

Investment of BEPZA increased 79% during January-April, 2021 than the same period from last year, said the Bepza executive chairman.

Bepza has been contributing around 20% to the total national export and hope that this contribution would be augmented significantly after adding Bepza EZ with its eight export processing zones (EPZs), he also said.

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.

Prime Minister Sheikh Hasina unveiled the foundation stone of BEPZA EZ established on 1,150 acres of land at Mirsarai in Chittagong through video conference from “Bepza International Investors Summit 2018” held at Bangabandhu International Conference Centre on January 24, 2018.

Later, the development works of Bepza Economic Zone gets 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 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.

Total 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 able to create employment opportunities for around 500,000 Bangladeshis and attract investment of about $4.5 billion after implementation of the whole project.

Goods worth $86 billion have been exported from the enterprises in the EPZs where 450,000 Bangladeshi nationals have been employed.

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