BEPZA to set up Economic Zone in Mirsarai of Chittagong

The decision to setup of the economic zone comes after the approval of Prime Minister Sheikh Hasina. The economic zone activities will start soon after signing the Memorandum of Understanding between Bangladesh Export Processing Zones Authority (BEPZA) and Bangladesh Economic Zones Authority (BEZA). Presently, investors from 38 countries have invested US$4,138.87 million in the eight EPZs of BEPZA. Despite high demand, it was not possible to allot land to local and foreign investors for the last few years due to scarcity of land in the EPZs located in Dhaka and Chittagong regions. In this fact, it would be possible to allocate land to the potential investors of BEPZA whether the BEPZA Economic Zone starts at Mirsarai nearby Chittagong. Moreover, proven expertise of BEPZA in setting up EPZs, operational experience and professional knowledge will accelerate the activities of development of the BEPZA Economic Zone. BEPZA is relentlessly working to increase and diversification of export, generation of employment by attracting investment in the country. In the last fiscal year, the EPZs gained US$ 404.36 million investment and exported goods worth US$ 6676.32 million. BEPZA has been contributing around 20% of FDI and total national export for the last consecutive years. Presently around 4,63,000 Bangladeshi nationals are working in the 462 operational enterprises of EPZs, among them 64% are female. BEPZA is playing an outstanding role in socio economic development of the country alongside economic development and women empowerment. BEPZA has set a trailblasing example among the organisations who are working to attract investment in the country. Now, BEPZA is a brand to the investors of all corner of the globe and lauded as bonanza for the investors. This brand image of BEPZA will be helpful for attracting investment in the economic zones.