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6 March, 2018 00:00 00 AM / LAST MODIFIED: 6 March, 2018 12:04:10 AM
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BEZA wants 1 lakh acres of land for economic zones

STAFF REPORTER

Bangladesh Economic Zones Authority (BEZA) is planning for one lakh acres of land to establish 100 Economic Zones (EZs) across the country, said BEZA Executive Chairman Paban Chowdhury.

"BEZA is planning to have one lakh acre land in hand for establishing 100 Economic Zones across the country. BEZA has already acquired 75,000 acres of land . . . It has already  reformed necessary legal framework to boost investment in EZs," he said while meeting with Directors of Dhaka Chamber of Commerce and Industry (DCCI), led by its President Abul Kasem Khan at BEZA office in the capital yesterday, said a press release.

The board of directors of DCCI called on Executive Chairman of Bangladesh Economic Zones Authority (BEZA) Paban Chowdhury at BEZA Office in the capital yesterday.

Executive Members of BEZA Mohammed Ayub and Harunur Rashid were also present at that time.

The BEZA chief said they have already reformed some of the legal framework to boost investment in EZs. It has already given license of 6 economic zones to the private sector out of 11.

With the technical support of JICA, he said, BEZA is going to establish a global standard 'One Stop Service Desk' which will be fully in operation by December this year.

BEZA has received investment commitment of US$17billion in the last seven months, including US$8billion as FDI, he informed.

About Mirsarai Economic Zone, he said, it will be the investment capital of the country in the country.

Paban Chowdhury said Mirsarai Economic Zone has the capability of getting investment worth about US$25billion.

In Cox's Bazar, BEZA will establish an economic zone in an area of 24,000 acres, of which 4,000 acres will be allocated for industrial establishments and 20,000 acres for Tourism Park for the of the country's tourism industry.

The DCCI President said, "For proper implementation of EZs, we need to settle some of the challenges like land development, land acquisition process delay, master plan approval, inadequate utility service, communication and infrastructure."

To get benefit out of EZs, he stressed the need for direct waterways, port and road connectivity, he said.

Kasem Khan said EZs need to be ensured about guaranteed energy and power at a lowered tariff.

He said the entire power and gas connection and supply process needs to be expedited within maximum 60 days, especially for EZs.

He also said a synergy can be made between PPP Authority and BEZA in facilitating new foreign and private investment for EZ development and promote the EZs and plots to attract potential foreign investors.

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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