The Bangladesh Export Processing Zones Authority is an agency of the Government of Bangladesh and is administered under the jurisdiction of the Prime Minister’s Office. Its objective is to manage the various export processing zones in Bangladesh. An export processing zone (EPZ) is defined as a territorial or economic enclave in which goods may be imported and manufactured and reshipped with a reduction in duties/and/or minimal intervention by custom officials (World Bank 1999).
About EPZ
In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an ‘Open Door Policy’ to attract foreign investment to Bangladesh. The BEPZA is the official organ of the government to promote, attract and facilitate foreign investment in the EPZs. Besides, BEPZA as the competent Authority performs inspection & supervision of the compliances of the enterprises related to social & environmental issues, safety & security at work place in order to maintain harmonious labour-management & industrial relations in EPZs. The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate free from cumbersome procedures.
EPZ Provides:
Plots/factory buildings in custom bonded area
Infrastructural facilities
Administrative facilities
Fiscal & non-fiscal incentives
EPZ attracts: foreign & local investment
Type:
A – 100% foreign ownership 58%
B – joint venture 14%
C – 100% local venture 28%
List Of EPZs in Bangladesh
EPZ's Name
Location
Established
Profile
Adamjee EPZ
Adamjee Nagar, Shiddirgonj, Narayanganj, 15 Kms form Dhaka city centers40 Kms from Hazrat Shahjalal ...
