BEPZA begins allotting plots for its economic zone

Bangladesh Export Processing Zones Authority has started to allot plots of its economic zone to investors.

Provisional allotment letters were provided to 10 companies of home and abroad on Sunday at the Bangladesh Export Processing Zones Authority (BEPZA) Complex in the Dhanmondi area of the capital.

Major General Md Nazrul Islam, executive chairman of BEPZA, handed over the letters to the investors.

Seventy local and foreign companies applied showing their interest to invest in BEPZA Economic Zone located at Bangabandhu Sheikh Mujib Industrial City, Mirsharai, Chattogram. Of them, BEPZA provided provisional allotment to 10 companies.

Among these 10 companies, 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 Bangladeshi nationals would be employed.

Congratulating the new investors, Nazrul Islam said BEPZA had spared no effort in securing their investment.

BEPZA put all its experience of 40 long years in developing BEPZA Economic Zone, he said, adding that the investment at BEPZA increased 79 per cent during January to April of 2021 than the same period of last year.

BEPZA has been contributing around 20 per cent of the total national export and hopes that this contribution would be increased significantly after BEPZA Economic Zone is added with the existing eight EPZs, he further said.

Prime Minister Sheikh Hasina on January 24, 2018, unveiled the foundation stone of BEPZA Economic Zone established on 1,150 acres of land at Mirsharai upazila of Chattogram.  

The project ‘BEPZA Economic Zone, Mirsharai: 1st phase' later was approved at an ECNEC meeting to accelerate the construction of physical infrastructure.