Home / Knowledge / News / Textiles / Govt plans two new EPZs
Govt plans two new EPZs
12
Feb '08
Board of Governors, in a meeting of the Bangladesh Export Processing Zones Authority (BEPZA), held yesterday, decided to set-up two Export Processing Zones (EPZ) in Feni and Munshiganj. The meeting was chaired by Chief Adviser Dr Fakhruddin Ahmed. The EPZs will come up on 500 acres of land, each to develop about 600 industrial plots.

In past few months lot of foreign investors from Japan, Malaysia, Canada, China, Taiwan, Korea and Singapore have gone back as Government could not provide them with industrial plots. All these countries want to shift their units to Bangladesh and start new firms. Low labour wages leading to higher profit margin is attracting international companies.

The plots will be developed in collaboration with private sector. The officials of BEPZA plan to let the interested investors, develop the infrastructure like electricity and water facilities themselves.

According to Brigadier General Ashraf Abdullah Yussuf, BEPZA Executive Chairman, investors want to set up the plants related to textile accessories, shoe and leather products and electronic goods.

The current eight EPZs are in Dhaka, Chittagong, Mongla, Ishwardi, Commilla, Uttara, Adamjee and Karnaphuli. They contributed nearly 18 percent to the total export earning in 2006-07 and employed more than 1 lakh workers.

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: AAFA

Fashion | On 28th Apr 2017

Andrew Rosen, Stuart Vevers among AAFA awardees

Andrew Rosen, founder and CEO of Theory, Stuart Vevers of Coach, Nick ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X