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Investment at 8 EPZs up by 29.38pc in July-Nov

images (1)The investment at eight Export Processing Zones (EPZs) of the country increased by 29.38 percent during the first five months of the current fiscal (July-November, 2013) compared to that of the corresponding period of the previous fiscal.

A Bangladesh export Processing Zones Authority (BEPZA) data said that 154.47 million during July to November 2013 period, while the amount was $109.08 million at the same period of 2012-13 fiscal.

Of the amount $32.14 million has been made in Chittagong EPZ, $57.25 million in Dhaka EPZ, $13.57 million in Karnaphuli EPZ, $35.79 million in Adamjee EPZ, $3.92 million in Comilla EPZ, $6.22 million in Uttara EPZ, $1.63 million in Ishwardi EPZ and $3.94 million in Mongla EPZ.

The cumulative investment in the operating and under-construction enterprises of the eight EPZs, however, stood at $2939.95 as on November 2013.

Furthermore, during July-November period of current fiscal year BEPZA signed investment agreement with nine new companies. These companies will invest $ 85.35 million for setting up their industrial units at the country’s EPZs.

Among those nine industrial units, five are hundred percent foreign owned, three Chinese, one United Kingdom and one from South Korea; two joint venture companies from China, Pakistan, Mauritius and Bangladesh while the rest two units were fully local owned.

The organizations will produce garments, garments accessories, tent & bag and tooth brush & ball pen. Those industries were expected to create employment opportunity for 25,750 Bangladeshi nationals.

http://www.daily-sun.com/details_Investment-at-EPZs-up-by-29.38pc-in-July-Nov_723_1_3_1_13.html

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