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In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an 'Open Door Policy' to attract foreign investment to Bangladesh. The Bangladesh Export Processing Zones Authority (BEPZA) is the official organ of the government to promote, attract and facilitate foreign investment in the Export Processing Zones. The primary objectives of an EPZ is to provide special areas where potential investors would find a congenial investment climate, free from cumbersome procedures.
Objective
· Promotion of foreign (FDI) & local investment
· Diversifiaction of export
· Dev. OF backward & forward linkages
· Generation of employment
· Transfer of technology
· Upgradation of skill
· Development of management
About EPZ
An export processing zone (EPZ) is defined as a territorial or economic enclave in which goods may be imported and manufactured and reshipped with a reduction in duties / and/or minimal intervention by custom officials (World Bank 1999). EPZ Provides:
- Plots/factory BLDG in custom bonded area
- Infrastructural facilities
- Administrative facilities
- Fiscal & non-fiscal incentives
- EPZ attracts : foreign & local investment
Type:
- A - 100% foreign ownership 205 (58%)
- B - joint venture 49 (14%)
- C - 100% local venture 98 (28%)
Bangladeshi EPZ's at a glance
2. EPZ-Dhaka
3. EPZ-Mongla
4. EPZ-Ishwardi
5. EPZ-Comilla
6. EPZ-Uttara
7. EPZ-Adamjee
View EPZ's location in map>>
List of Countries so far Invested
1. Australia
2. Bangladesh
3. Belgium
4. BR. Virgin Is.
5. Canada
6. China
7. Denmark
8. France
9. Germany
10. India
11. Indonesia
12. Ireland
13. Italy
14. Japan
15. Kuwait
16. Malaysia
17. Marshal Island
18. Mauritius
19. Nepal
20. Netherland
21. Pakistan
22. Panama
23 Portugal
24. S. Korea
25. Singapore
26. Sri Lanka
27. Sweden
28. Switzerland
29. Taiwan
30. Thailand
31. Turkey
32. U.A.E.
33. U.K
34. U.S.A
35. Ukraine
Indicative List of Industries
- Textile
- Agro-based Industries
- Chemicals
- Backward and forward linkage Industries
- Electrical Equipment and Components
- Electronic Products
- Software
- Optical Goods
- Garments and Garments Accessories
- Woven and Knitted Fabrics
- Engineering Products
- Leather Products and Foot-Wear
- Toys
- Medical and Biological Instruments
- Pharmaceutical Products
- Plastic Moulded products
- Industries based on new uses of Jute
- Cutting/Polishing of Precious and Semi
- Precious stones
- Household Fittings and Equipment
- Head-Wear
- Jewellery
- Horological Instruments
- Scientific Measuring Instruments
- Aircraft Instruments
- Laboratory Ware
- Printing and Publishing
- Printing and Copying Equipment & Accessories
- Do-it-yourself Tools and Equipment
- Musical instruments
NB: This list is not exhaustive, only indicative.
Related Organization
- Prime Minister's Office
- Board of Investment
- National Board of Revenue
- Bangladesh Bank
- Ministry of Commerce
- Ministry of Home Affairs
- Export Promotion Bureau
- Register of Joint Stock Company
- Chittagong Port
- Mongla Port
- Hazrat Shahjalal (R) Airport, Dhaka
- Shah Amanat Airport, Chittagong
- Pan Pacific Hotel Sonargoan Ltd., Dhaka.
- Janata Bank Limited
Why Invest in Bangladesh EPZ?
1. LAW & ORDER SITUATION
2. INFRASTRUCTURE FACILITIES
3. REDUCTION OF LEAD TIME
4. COST OF DOING BUSINESS
5. FRIENDLY POLICY OF GOVT
6. INCENTIVES
7. WIN – WIN VENTURES
8. SUCCESS STORY
9. SIGNATORY OF MIGA (Multilateral Investment Guarantee Agency)
10. SIGNATORY OF ICSID (International Centre for Settlement of Investment Dispute)
11. MEMBER OF WIPO (World Intellectual Property Organization)
12. MEMBER OF OPIC (Overseas Private Investment Corporation)
ASIA'S LOW COST PRODUCTION BASE
2 comments:
Nice Blog You Have Made ..........
I Feel Proud For Highlighted Our Country.......
Thanks And Happy Independent Day..........
আমার সোনার বাংলা , আমি তোমায় ভালবাসি......।
আপনার এই প্রচেষ্টার সাথে আমি একাত্ততা পুশন করে খুলনা নিয়ে লিখব ভাবতেছি।আপনি আমাকে সাহায্য করবেন।
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