Home / Knowledge / News / Textiles / Feni and Meghna EPZ projects dropped

Feni and Meghna EPZ projects dropped

26
Jul '10
Bangladesh Export Processing Zones Authority (BEPZA) has discontinued with the construction of Feni and Meghna EPZ projects, despite foreign investors demanding for industrial zones in the country's exclusive areas.

The decision was announced, as government now opts for special economic zones (SEZ). Hence, the period of developing EPZs comes to an end.

Earlier, BEPZA had agreed for the construction of two new EPZs adjacent to Dhaka-Chittagong Highway. While the government fixed a site for the aforesaid construction, the World Bank (WB) also carried out their feasibility study.

BEPZA decided to go ahead with construction of two EPZs, as it had received positive signs from the previous government to go ahead with expansion plans.

Each of the said EPZ was to come up on 500 acres of land via public-private-partnership (PPP), with BEPZA funding the initial investment, pertaining to land acquisition.

In 2008, BEPZA approved for the construction of Meghna EPZ to be developed at Gazaria, Munshiganj near Dhaka-Chittagong Highway, amidst rising demand for plots by probable investors.

The proposed Meghna EPZ was to employ over 1,00,000 people. BEPZA's expectations from the EPZ were high, as it was said to be constructed only 34 kilometres away from the city having good connectivity with the port-city.

Already, country's eight EPZs have provided jobs to 2,62,757 people, attracting investments worth more than $1.8 billion till 2009-10. Most of the investors are involved in the production of ready-made apparels and textile goods.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Retail | On 21st Sep 2021

US clothing stores sales up 0.1% MoM, 36.6% YoY in August: NRF

Retail sales in the US increased during August as consumer demand...

Pic: Shutterstock

Apparel/Garments | On 21st Sep 2021

Research paper urges Kenya to cultivate new export markets

To diversify its exports and markets, Kenya should endeavor to raise...

Pic: Shutterstock

Textiles | On 21st Sep 2021

Pakistan's textile & apparel exports rise 28.67% in July-Aug ’21

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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

Leave your Comments


September 2021

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


Advanced Search