Wednesday, June 12, 2019

450cr US dollar investment in Mirsarai Econ Zone expected

Chattogram Bureau :
A total of  618 industrial units are being   built  in phases   at a cost of US$  450 crores at Mirsarai Economic Zone (EZ) near the costal line of Bay of Bengal under  Chattogram aimed at creating employment opportunities for  about  5 lakh  Bangladeshi workers.
BEPZA economic zone is being established on 1,150 acres of land at Mirsarai. Upazila of North Chattogram at coastal  line of the Bay . Some 618 industrial plots will be developed there for investors  where 350 industrial units will be  installed  in first phase.  The development  work of these industrial plots  is progressing fast," Bangladesh Export Processing Zones Authority (BEPZA) General Manager(PR) Nazma Binte Alamgir told  media persons  recently. .She said construction of  surrounding dike  embankment of  the project has almost  been completed as part of the first phase work, construction of one of the two proposed connecting roads is going  in full swing  and land development of the project has also started. Nazma said it would be possible to set up 300-350 industrial units in these 618 industrial plots. The biggest BEPZA project will be implemented in phases and  it is expected that the first phase work of Economic Zone  project will be completed by june 30,  2021  where 250 plots will remain ready in first phase. In first phase installations o f industries will require about 1.5 lakh workers, BEPZA opined.
In the first phase, some 250 industrial units will be constructed at a cost of $1.25 billon by 30  June, 2021 which is expected to create employment opportunities for 1. 5 lakh people, she added. The BEPZA General Manager said the Mirsharai Economic Zone will foster green industrialisation to conserve the biodiversity. At present, investors of 38 countries across the world  have a total investment worth $4.11 billion in eight export processing zones (EPZ) under BEPZA. Among 588 factories of the eight EPZs, 469 are functioning and rest of factories will be operational within a few years.In these factories of running industrial units under BEPZA    4.5 lakh workers are working Despite demands of  industrial plots by the investors, plots would not be allotted in Dhaka and Chattogram EPZs lack of  plots in respective zones.. Mentionable that multinational companies like Samusung , Soni were refused   allot plots in capital and port city. In this context  against demand of BEPZA,  Bangladesh Economic Zone Authority  has been  allotted 1150 acres of land at Sadhur Char and Pirer char under Mirsarai upazila beside coastal line of the Bay of Bengal which is half of the total BEPZA  areas of   8 EPZs   (2309 acres of land) BEPZA General Manager(PR) further said  following the  success of  8 EPZs  in the country , the investors of home and abroad are most keen to invest in the newly developed industrial belt of  BEZA  at Mirsasrai.
She also told that skillness in establishing EPZs, managing ability and   professional    experiences  will accelerate the development works of the BEZA Economic zone. She hoped  after  commissioning of the MEZ , the intending  investors will be provided plots as per their  requirements in that economic zone;. As a part of first phase works of MEZ, the surrounding embankment   (dike embankment)  construction works nearing completion and  the constructions of super dike embankment  for protection of whole zone areas is progressing fast . China Harbour Engineering Company is implementing the dike embankment works under supervision of Bangladesh Water Development Board. Project Director of MEZ  of BEZA Abdul Alim told this  correspondent that  90 percent works of dike embankment already completed and the works of 300 feet breadth    connecting road is advancing fast. He said  the total land development works will be completed by end of next year.   BEPZA   Public Relations Manager ASM Anowar Parvez told that  as a part of first phase works, earth development, road, drain, boundary wall construction, power transmission line, power sub-station, water supply & sewerage installations, sanitary & ETP , preservation of rain water  project will be  implemented.                                                          
BEPZA sources said BEZA  signed a MOU on May 18, 2017 with BEPZA  for establishment of  Mirsarai  Economic Zone. As per MOU, Prime Minister Sheikh Hasina  formally inaugurated  ground breaking ceremony  of  MEZ in BEPZA Investors Summit-2018  through video conference from Bangabandhu International conference hall on January 24, 2018