Economic Reporter :
With the aim of attracting $ 1.25 billion investment and generating 0.15 million jobs for local people, Bangladesh Export Processing Zones Authority (BEPZA) has launched a project to set up an economic zone at Mirsarai of Chittagong.
The project, BEPZA Economic Zone, Mirsarai (1st phase) is also expecting to generate $ 1.50 billion export earning annually to boost the socio-economic development of the country, said officials of planning ministry.
To this end, the Executive Committee of the National Economic Council (ECNEC) has given nod to this project and allocated Taka 750 crore from the national exchequer.
BEPZA under the Prime Minister’s Office is entrusted to implement the first phase of the project by June, 2021, said the officials.
About the project, Planning Minister A H M Mustafa Kamal said, the Prime Minister has given directives to construct the drainage system of the economic zone following scientific manners along with the central effluent treatment plant (CETP).
Earlier, the Governing Body of the Bangladesh Economic Zones Authority (BEZA) in its fourth meeting decided to allocate around 1,200 acres of land to BEPZA to set up the economic zone at Mirsarai.
BEPZA in the first phase would set up 250 industrial units in the economic zone by developing land and other infrastructures, according to the Development Project Proforma (DPP).
Eight export processing zones (EPZs) under BEPZA located in Chattogram, Dhaka, Mongla, Cumilla, Ishwardi, Uttar (Nilphamari), Adamzi and karnaphuli across the country have already earned reputation for attracting investment. In the eight EPZs, the cumulative investment stood at $ 4.28 billion as of April this year.
In those EPZs, a total of 600 organizations have been given permission to install industrial units, of which 469 industrial units are in production while 131 units are on the way to production.
The operational industrial units in the EPZs exported goods worth $ 64.06 billion till February this year, creating jobs for 485,915 people, 64 percent of them being women.
With the aim of attracting $ 1.25 billion investment and generating 0.15 million jobs for local people, Bangladesh Export Processing Zones Authority (BEPZA) has launched a project to set up an economic zone at Mirsarai of Chittagong.
The project, BEPZA Economic Zone, Mirsarai (1st phase) is also expecting to generate $ 1.50 billion export earning annually to boost the socio-economic development of the country, said officials of planning ministry.
To this end, the Executive Committee of the National Economic Council (ECNEC) has given nod to this project and allocated Taka 750 crore from the national exchequer.
BEPZA under the Prime Minister’s Office is entrusted to implement the first phase of the project by June, 2021, said the officials.
About the project, Planning Minister A H M Mustafa Kamal said, the Prime Minister has given directives to construct the drainage system of the economic zone following scientific manners along with the central effluent treatment plant (CETP).
Earlier, the Governing Body of the Bangladesh Economic Zones Authority (BEZA) in its fourth meeting decided to allocate around 1,200 acres of land to BEPZA to set up the economic zone at Mirsarai.
BEPZA in the first phase would set up 250 industrial units in the economic zone by developing land and other infrastructures, according to the Development Project Proforma (DPP).
Eight export processing zones (EPZs) under BEPZA located in Chattogram, Dhaka, Mongla, Cumilla, Ishwardi, Uttar (Nilphamari), Adamzi and karnaphuli across the country have already earned reputation for attracting investment. In the eight EPZs, the cumulative investment stood at $ 4.28 billion as of April this year.
In those EPZs, a total of 600 organizations have been given permission to install industrial units, of which 469 industrial units are in production while 131 units are on the way to production.
The operational industrial units in the EPZs exported goods worth $ 64.06 billion till February this year, creating jobs for 485,915 people, 64 percent of them being women.
