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Investment in Export Processing Zones up 22.53pc, export 13.76pc

downloadThe country’s Export Processing Zones (EPZs) made a remarkable growth both in investment and export in the just concluded fiscal year (FY), 2013-14, despite political unrest in the first half.

According to data released by Bangladesh Export Processing Zones Authority (BEPZA), investment in the country’s eight EPZs posted a 22.53 per cent growth in the last FY (2013-14) compared to the previous fiscal. Exports from the EPZs also moved up by 13.76 per cent during the period as compared to the previous one.

The BEPZA received a total of US$ 402.58 million investment in the last FY (2013-14) as against $ 328.53 million in the previous fiscal, registering a growth of 22.52 per cent. The investment was made by the enterprises, both operational and under implementation, in eight EPZs.

Of the investment, the Chittagong EPZ received $ 109.46 million, Dhaka EPZ $ 125.79 million, Karnaphuli EPZ $ 44.67 million, Adamjee EPZ $ 73.75 million, Comilla EPZ $ 23.39 million, Uttara EPZ $ 17.27 million, Ishwardi EPZ $ 3.15 million and Mongla EPZ $ 5.10 million. With this the cumulative investment stands at $ 3.188 billion.

Meanwhile, the enterprises of EPZs exported goods worth of $ 5.525 billion in last fiscal (2013-14) as against $ 4.856 billion in the previous fiscal marking a growth of 13.76 per cent. Among them, the enterprises of Chittagong EPZ earned $ 2.261 billion by exporting goods, Dhaka EPZ earned $ 1.937 billion, Karnaphuli EPZ $ 526.85 million, Adamjee EPZ $ 386.23 million, Comilla EPZ $ 209.41 million, Mongla EPZ $ 77.28 million, Ishwardi EPZ $ 93.16 million and Uttara EPZ $ 33.22 million.

Contribution from EPZs to the total national export is also increasing every year. The cumulative export earnings stand at $ 40.027 billion.

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Source: Financial Express

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