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Govt plans two new EPZs
12 Feb '08
1 min read
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.
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.
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