BEZA wants 1 lakh acres of land for economic zones

06 Mar,2018

Dhaka, BdChronicle:

Executive Chairman of Bangladesh Economic Zones Authority (BEZA) Paban Chowdhury on Monday said BEZA is planning to have one lakh acres of land for setting up 100 economic zones across the country.

BEZA has already acquired 75,000 acres of land in their custody, he said.

It has already given licenses to the private sector out of 11 for six economic zones.

The DCCI Board of Directors, led by its President Abul Kasem Khan, met Paban Chowdhury at its office and discussed the issue.  BEZA executive members Mohammed Ayub and Md Harunur Rashid were present.

The BEZA chief said they have already reformed some of the legal framework to boost investment in EZs.

With the technical support of JICA, he said, BEZA is going to establish a global standard ‘One Stop Service Desk’ which will be fully in operation by December this year.

BEZA has received investment commitment of US$17 billion in the last seven months, including US$8 billion as FDI, he informed.

About Mirsarai Economic Zone, he said, it will be the investment capital of the country in the country.

Paban Chowdhury said Mirsarai Economic Zone has the capability of getting investment worth about US$25 billion.

In Cox’s Bazar, BEZA will establish an economic zone in an area of 24,000 acres, of which 4,000 acres will be allocated for industrial establishments and 20,000 acres for Tourism Park for the development of the country’s tourism industry.  

The DCCI President said, “For proper implementation of EZs, we need to settle some of the challenges like land development, land acquisition process delay, master plan approval, inadequate utility service, communication and infrastructure.”

To get benefit out of EZs, he stressed the need for direct waterways, port and road connectivity, he said.

Kasem Khan said EZs need to be ensured about guaranteed energy and power at a lowered tariff.

He said the entire power and gas connection and supply process needs to be expedited within maximum 60 days, especially for EZs.

He also said a synergy can be made between PPP Authority and BEZA in facilitating new foreign and private investment for EZ development and promote the EZs and plots to attract potential foreign investors.    

DCCI Senior Vice President Kamrul Islam, Vice President Riyadh Hossain, former President Hossain Khaled, Directors Hossain A Sikder, Nuher L Khan, Humayun Rashid, Engr Al Amin, Waqar Ahmad Choudhury and Zillur Rahman were also present.

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