Jump to content
Please ensure regular participation (posting/engagement) to maintain your account. ×
The Bangladesh Defence Analyst Forum

BEZA gets $20.5 billion investment proposals

Recommended Posts

BEZA gets $20.5 billion investment proposals


Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around US Dollar 20.50 billion from 151 local and foreign business entities thanks to various steps of government to attract new investments, officials said.

BEZA is responsible for establishing and managing of state-run special economic zones (SEZs) across the country.

Out of the investment proposals, top officials of BEZA said, around $2.80 billion has already been invested in different SEZs.

Around $4.808 billion will come as foreign direct investment (FDI) from different companies in Japan, China, South Korea, India, Thailand, Australia, the UK, the Netherland and the USA.

World-famous companies like Honda Motors, Sumitomo Nippon, Asian Paints, Barger Paints, Adani Group, Wilmar, Yabang, Siam Group, TIC Group, Unilever, Sakata Inch and Chain Harbour are the major foreign investors.

Talking to BSS recently, BEZA Executive Chairman Paban Chowdhury said beyond these investment proposals, many world-renowned foreign companies are coming with big investment offers. "We've already developed eight state-run SEZs as per a move to make the country an industrial hub in the world," Chowdhury informed.

The zones, he said, are – Mirsarai Economic Zone, Mirsarai Economic Zone 2A, Mirsarai Economic Zone 2B, Feni Economic Zone and SBG Economic Zone under the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Jamalpur Economic Zone, Shreehatta Economic Zone and Mongla Economic Zone.

The BEZA executive chairmen said many entrepreneurs from home and abroad have already started construction works of their industrial units in the economic zones, while many are taking preparations to set up factories there.

He mentioned that the government is providing all sorts of facilities to the economic zones to ensure investment-friendly environment. "Both local and foreign businesses who will invest in the economic zones will enjoy the same facilities," he added.

Chowdhury went on saying that Jinyuan Chemical Industry Limited, a sister concern of the Chinese ZhuzhouJinyuan Chemical Industry Company Limited, has already set up their factory in the BSMSN at Mirsarai, Sitakundu and Sonagazi upazillas under Chattogram and Feni districts.

"We hope that at least 20 companies will start their construction works within this year," he said.

The BEZA executive chairman said the development works of another seven state-owned SEZs are going at a quicker pace to attract both foreign and local investors.

"We're also planning to establish another 14 state-owned SEZs across the country," he said.

Of them, the feasibility study of two SEZs – Netrokona Economic Zone and Bogura Economic Zone – has already been completed, he added.

Another 12 other SEZs which is mulling to be set up are – Gopalgonj EZ-1 in Kotalipara upazila under Gopalganj district, Sitakundo Economic Zone, Tangail Economic Zone, Manikganj Economic Zone, Bhola Economic Zone, Nababganj Economic Zone, Sylhet Special Economic Zone, Chandpur Economic Zone, Jamalpur Economic Zone-2, Nilphamari Economic Zone, Araihazar Economic Zone-2 and Panchagarh Economic Zone, he continued.

Chowdhury informed that the BEZA has already awarded pre-qualification license to 20 private economic zones and of them, 11 were given final license.

The private economic zones who obtained the final license are Meghna Economic Zone, Abdul Monem Economic Zone, Aman Economic Zone, Bay Economic Zone, Meghna Industrial Economic Zone, City Economic Zone, Sirajganj Economic Zone, Karnaphuli Dry Dock Special Economic Zone, East West Special Economic Zone, Kishoreganj Economic Zone and Hosendi Economic Zone, he said.

The BEZA chief said they have given pre-qualification license to the AK Khan Economic Zone, Arisha Economic Zone, United City IT Park, Bashundara Economic Zone, Sonargaon Economic Zone, Cumilla Economic Zone, Hamid Economic Zone and Standard Global Economic Zone.

He said the economic zones have already created direct employment opportunities for around 30,000 people, and through the proposed industrial units, there will be direct employment scope for at least eight lakh people.

Chowdhury said BEZA has undertaken a plan to establish 'Bhumi Bank' so that industrial development is not hindered in the next 50 years due to land scarcity.

"We've already acquired 47,856.3350 acres of land for developing the 22 state-run EZs," he said.


Link to comment
Share on other sites

  • 8 months later...
  • Elite Members

19 November, 2020 08:11:16 PM

German company inks deal with BEPZA, relocates factory from Poland to Bangladesh

Staff Reporter, Dhaka

German company UBF Bridal Limited is going to establish a high-end bridal wear manufacturing industry in Adamjee EPZ.

The company to this effect signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) with an investment of US$ 11.87 million, said a press release.

According to the statement, UBF Bridal Ltd is relocating their factory from Poland to Bangladesh.

The two parties inked the deal on Wednesday by connecting virtually from BEPZA Complex in Dhaka from one end and the Bangladesh Embassy in Berlin, Germany from another.

The agreement was signed at Bangladesh Embassy in Germany since the investor was unable to travel Bangladesh physically to sign necessary documents due to corona pandemic.

BEPZA set a unique example by signing a lease agreement virtually for the first time with a company to continue the flow of investment in the new global situation caused by the coronavirus, the statement added.

It should be mentioned that the UBF Bridal Ltd is relocating their factory from Poland to Bangladesh. Other than bridal wear, the company will produce 27 different types of bridal items, it further said.

They will produce six lakh products annually to be exported to different countries including Europe. This factory will create employment opportunity for 113 Bangladeshi nationals.

Member (Investment Promotion) of BEPZA Mahmudul Hossain Khan at BEPZA Executive Office, Dhaka and Managing Director of UBF Bridal Limited Adrian Konrad Gaszak at Bangladesh Embassy in Germany inked the agreement on behalf of their respective organizations.

Bangladesh Ambassador to Germany Mosharraf Hossain Bhuiyan congratulated the German investor and assured his all-out support.

Commercial Counsellor of Bangladesh Embassy Saiful Islam and Chairman of United Bridal Factory Bartosz Wodecki were present from the Berlin end; and General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Tanvir Hossain of BEPZA participated from the Dhaka end during the virtual signing ceremony.



Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...