Moreover, establishment of Three new export processing zone (EPZs) are under process which will be ready for the investors by the end of 2025, said BEPZA Executive Chairman Major General Abul Kalam Md. Ziaur Rahman. Highlighting the incentives and facilities provided by the present government to the investors, the BEPZA Executive Chairman said that Bangladesh has been consistently liberalizing its foreign investment policies over the time.
He was addressing as the chief guest at a seminar titled "Investment Opportunities in the Export Processing Zones and BEPZA Economic Zone of Bangladesh" held on Friday in Seoul, the capital city of South Korea. "The government has formulated "One Stop Service Act" for the Investment Promotion Agencies of Bangladesh to provide faster and better services," he added.
Bangladesh Export Processing Zones Authority (BEPZA) Chairman has invited South Korean investors to invest more in Export Processing Zones (EPZs) of Bangladesh and BEPZA Economic Zone located at Mirsarai, Chattogram. Korean Community in Bangladesh, Kido Industrial Co. Ltd. and Giant BD Company Ltd. 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, said a press release. About 60 participants representing various South Korean investment organizations/industrial groups attended the seminar.
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 and expanding domestic market, stable socio-political environment, etc. are the key contributors to the rapid economic development of Bangladesh."
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.
Ambassador of Bangladesh to South Korea Md. Delwar Hossain mentioned the various steps of the government to create investment friendly Bangladesh and urged Korean investors to invest more in Bangladesh.
Chairman of KIDO Bangladesh Jang Hee Park, a South Korean investors of Adamjee EPZ delivered address of welcome in the seminar.
The seminar was ended with a lively question and answer session where the BEPZA Executive Chairman along with Tanvir Hossain, Executive Director (Investment Promotion), Fazlul Haque Mazumder, Additional Executive Director (Investment Promotion), and Ali Istiak Chowdhury, Director of BEPZA answered various questions of the participants.