BEPZA starts plot allotment for its economic zone

Bangladesh Export Processing Zones Authority (BEPZA) has started the plot allotment for the BEPZA Economic Zone to the investors.

The provisional allotment letters were provided on Sunday to 10 companies of home and abroad at BEPZA Complex in Dhaka, reads a press release.

The Executive Chairman of BEPZA Major General Md Nazrul Islam handed over the allotment letters to the investors.

“The investment of BEPZA increased 79 per cent during January-April, 2021 than the same period of last year,” he said at the event.

The proposed investment of those companies is $334 million where 51,300 Bangladeshi nationals would be employed.

70 local and foreign companies have already applied to express their interest to invest in BEPZA Economic Zone located at Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsharai, Chattogram.

Out of them, BEPZA provided provisional allotment to 10 companies.

Moreover, among the 10 enterprises, 2 are from the UK, 2 from South Korea, 2 from China, 1 from the USA, 1 from Hong Kong, 1 from Canada and the rest from Bangladesh.

“BEPZA has been contributing around 20% to the total national export and hopes that this contribution would be augmented significantly after being added BEPZA Economic Zone with its 8 EPZs,” the executive chairman added.

A total of 539 industrial plots would be ready for establishing about 350 industrial units after the completion of the total development work.