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BEPZA to set up economic zone at Mirsarai

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19th-May-2017       
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Economic Reporter :
Bangladesh Economic Zones Authority (BEZA) on Thursday signed a memorandum of understanding (MoU) with Bangladesh Export Processing Zones Authority (BEPZA) to set up an economic zone on 1150 acres of land at Mirsarai, Chittagong.
BEZA Executive Chairman Paban Chowdhury and BEPZA Executive Chairman Major General Mohammad Habibur Rahman Khan signed the MoU at a ceremony held at the Prime Minister's Office (PMO) here, said a media release.
Abul Kalam Azad, chief coordinator for Sustainable Development Goals (SDG) Affairs in the PMO, was present in the MoU signing ceremony.
The first annual report 2016 and the investment guide of BEZA was handed over to Azad during the programme.
BEZA has taken a plan to build an industrial city on 30,000 acres of land at Mirsarai.
The economic zone at Mirsarai is expected to create jobs for one million people in the next 10 years. It will also create a scope to export goods worth US$2.0 billion.
BEZA has been working to set up 100 special economic zones in the next 15 years which will create jobs for one crore people. It is also expected that exports from these zones would reach US$40 billion by 2030.
In the signing ceremony, Abul Kalam Azad, Chief Co-coordinator (SDG Affairs) said, 'BEPZA is marching ahead successfully and set a unique example in attracting investment in the country for others to emulate. Now BEPZA is a brand to foreign investors. This brand image of BEPZA will play an important role for flourishing investment in Economic Zone.
He also added, the success of BEPZA inspired government to establish Economic Zone. The government wants to utilize the expertise of BEPZA to bring success for the Economic Zone since BEPZA has been achieved a good reputation in setting up industrial zone, development and operation. He hoped that BEPZA Economic Zone would be ready for investment within very short time and BEPZA will be able to prove its efficiency and reputation in home and abroad.
BEPZA Executive Chairman Major General Mohd Habibur Rahman Khan, ndc, psc said, a decision was taken at the 33rd meeting of BEPZA Board of Governors on February 04, 2015 quoting 'BEPZA and BEZA will jointly study and proceed in accordance with the law whether BEPZA should given responsibility to develop Two Economic Zones or not'.
He informed that in this perspective, BEPZA & BEZA fixed the land area and finalize the financial proposal after jointly examining the proposed project. As per the final proposal, BEZA allocated 1150 acres of land to BEPZA for setting up economic zone. The two organizations formally signed MoU today which was already been approved by the Honourable Prime Minister Sheikh Hasina.

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