Bangladesh Export Processing Zones Authority (BEPZA) said that they have received approval for Feni and Megna EPZ, but the approval of Megna EPZ is under process. Now there are eight EPZs in our country and when these two EPZ (Feni and Megna) are set up then the country’s total EPZ will reach to ten. As a result, BEPZA is expecting that we attract to more investments in the country’s Export Processing Zone (EPZs). They also said that Bangladesh is known to be Asia’s most competitive production base for its cheap and large labor force.
Officially said that there are 192 enterprise, 125 plants and 2, 28,932 laborers working in eight EPZs. Of the eight EPZs, there are 36% male and 64% are female workers. The mainly reason of expansion of EPZs is based on high demand and flow investment. Officially showed the data of investment in fiscal year 2006-2007 and 2007-2008. And it is rising from $152.37 million to $302.19 million. Prasanta Bhusan Barua member of BEPZA said that BEPZA’s contribution to national export is increasing very low. In our country’s eight EPZs, a total of 292 enterprises are producing 17 items. Among the 292 enterprises 173 are totally foreign-owned, 48 are joint venture and the rest of 71 are owned by local investors.
Most of the investors are foreign-owned. And they are feeling not good in our environment for smoothly running business. They have not got the proper facilities and advantages from our country. That’s why, they always prefer to established EPZs close to sea areas for better communications systems.
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