BEPZA seeks more S Korean investment in EPZs and BEPZA EZ
Business Desk :
Bangladesh Export Processing Zones Authority (BEPZA) has invited South Korean investors to invest more in Export Processing Zones (EPZs) of Bangladesh and BEPZA Economic Zone located at Mirsarai, Chattogram. BEPZA Executive Chairman Major General Abul Kalam Md. Ziaur Rahman, made this call as the chief guest at a seminar titled ‘Investment Opportunities in the Export Processing Zones and BEPZA Economic Zone of Bangladesh’ held on Friday at Seoul, the capital city of South Korea.
Korean Community in Bangladesh, Kido Industrial Co. Limited and Giant BD Company Limited jointly organized this seminar. Ambassador of South Korea to Bangladesh Park Young Sik and Ambassador of Bangladesh to South Korea Md. Delwar Hossain attended the seminar as special guests. About 60 participants attended the seminar of various South Korean investment organizations/industrial groups who have their interest in investing in Bangladesh.
In the seminar, BEPZA Executive Chairman provided a comprehensive picture of the favorable investment climate presently prevailing in Bangladesh, particularly for Foreign Direct Investment (FDI). He said, Bangladesh has experienced tremendous growth over the last decade. The strategic geographical location, demographic dividend, large & expanding domestic market, stable socio-political environment, etc. are the key contributors to the rapid economic development of Bangladesh.
Major General Zia said that the main attraction of investment in Bangladesh is the most inexpensive, productive, abundant and easily trainable workforce.
The minimum wage of the workers in Bangladesh is the lowest in Asia, he added.
Highlighting the incentives and facilities provided by the present Government to the investors, BEPZA Executive Chairman said that Bangladesh has been consistently liberalizing its foreign investment policies over the time.
The Government has formulated “One Stop Service Act” for the Investment Promotion Agencies of Bangladesh to provide faster and better services, he added.
Mentioning the expansion plan of BEPZA the Executive Chairman said, along with the 8 operational EPZs, BEPZA is establishing an Economic Zone in Mirsharai, Chattogram which has already attracted 28 industries in its development stage, and few of them started production.
Moreover, establishment of 3 new EPZs are also under process which will be ready for the investors by the end of 2025. He urged South Korean investors to come forward and explore the potentiality of investment in Bangladesh especially in these zones under BEPZA.