Bangladesh Economic Zones Authority

Bangladesh Economic Zones Authority (BEZA)
BEZA Logo.svg
Agency overview
Formed2010; 12 years ago (2010)
JurisdictionGovernment of Bangladesh
HeadquartersPrime Minister’s Office, Old Sangshad Bhaban, Tejgaon, Dhaka
23°46′05″N 90°23′31″E / 23.768098°N 90.392070°E / 23.768098; 90.392070Coordinates: 23°46′05″N 90°23′31″E / 23.768098°N 90.392070°E / 23.768098; 90.392070
Agency executives
Parent agencyPrime Minister's Office
Websitebeza.gov.bd

Bangladesh Economic Zones Authority or BEZA (Bengali: বাংলাদেশ অর্থনৈতিক অঞ্চল কর্তৃপক্ষ / বেজা) is a centralized economic zones authority of Bangladesh which was instituted by the government in November 2010 under Bangladesh Economic Zones Act, 2010. The organisation is responsible for establishing and managing of SEZs of Bangladesh. It is run from Prime Minister's Office of Bangladesh. Shaikh Yusuf Harun is Executive Chairman of the Bangladesh Economic Zones Authority.

History

As the Government of Bangladesh took the initiative to become a developed nation under Vision 2041, the government plans to set up at least 100 public and private SEZs across the country. Bangladesh Economic Zones Authority was founded through the Bangladesh Economic Zones Act 2010 and established in November 2010 with topmost priority to attract more FDI and to increase and diversify country's export to the world. The agency reports to the Prime Minister's Office. Prime Minister Sheikh Hasina is the present chair of the agency. In 2015 the private export processing zones were placed under its authority.

Structure

BEZA consists of two boards: Governing Board, Executive Board. the chairman of Governing Board is the Prime Minister and members include Governor of Bangladesh Bank, Finance Minister and other high-level ministers and elected policymakers. The Governing Board is responsible for overall policy decisions. Executive Board includes bureaucrats from Government of Bangladesh. With Paban Chowdhury being the current Executive Chairman the executive Board oversees the day-to-day operation of the organisation. Md. Farhanur Rahman, Noakhali

Operation

To capture manufacturing investors from home and abroad in its 100 proposed special economic zones in various parts of the country, BEZA declared flirtatious incentives: duty-free imports on raw material, capital machinery, tax-cut from capital gains etc. for investors in SEZ's.

With Mirsarai Economic Zone (MEZ) situated within the banks of Karnaphuli River near Chattogram Port being the largest SEZ so far is expected to create 150,000 new jobs. There has been initiative to create an export-oriented textile garments park on 500 acres of land which is assume to go production by December 2018. The economic zone also caught investment endorsement from multinational corporations like Wilmar-Adani, China's Zhejiang Jindun Holdings.

With collaboration with BEZA, Meghna Group established the country's first operational private SEZ Meghna Eeconomic Zone in March 2018.

BEZA is also helping China Harbour Engineering to set up a China Industrial Zone of 750 acres of land in Bangladesh for Chinese investors.

Newly established and proposed economic zones

Recently Government has approved 37 new Economic zones, which consists governmental, non-governmental and Specialized Economic zone. Bangladesh government also announced 50pc tax relief in Hi-Tech parks, Economic Zones.

  • Agailjhara Economic Zone, Barisal (Under construction)
  • Anowara (Gohira) Economic Zone, Chittagong (Under construction)
  • Anowara Economic Zone-2, Chittagong (Under construction)
  • Ashuganj Economic Zone (Under construction)
  • Bagerhat Economic Zone (Under construction)
  • Bhola Economic Zone (Under construction)
  • Cox's Bazar Free trade Zone (Maheskhali)(Under construction)
  • Dohar Economic Zone, Dhaka (Under construction)
  • Habiganj Economic Zone (Under construction)
  • Jaliardip Economic Zone, Teknaf-Cox's Bazar (Under construction)
  • Jamalpur Economic Zone (Approved)
  • Kushtia Economic Zone (Under construction)
  • Maheskhali Economic Zone-1 (Under construction)
  • Maheskhali Economic Zone-2 (Under construction)
  • Maheskhali Economic Zone-3 (Under construction)
  • Manikganj Economic Zone (Under construction)
  • Mirsarai Economic Zone, Chittagong (Under construction)
  • Narayangonj Economic Zone (Under construction)
  • Narayangonj Economic Zone-2 (Under construction)
  • Narshingdi Economic Zone (Under construction)
  • Natore Economic Zone (Under construction)
  • Nilphamari Economic Zone (Under construction)
  • Panchagar Economic Zone (Under construction)
  • Sabrang Special Economic Zone (Under construction)
  • Shariatpur Economic Zone (Under construction)
  • Shariatpur Economic Zone-2 (Under construction)
  • Sirajganj Economic Zone (Under construction)
  • Srihotto Economic Zone, Maulavibazar (Under construction)
  • Sripur Economic Zone (Japanese Economic Zone), Gazipur (Under construction)

Non-government economic zones

Government also encouraged building of private economic zone. Some are under construction and some are operational.

  • A.K. Khan Economic Zone (operational)
  • Abdul Monem Economic Zone (operational)
  • Abul Khair Economic Zone
  • Akij Economic Zone
  • Aliance Economic Zone
  • Aman Economic Zone
  • Anowar Economic Zone
  • Arisha Economic Zone
  • Bashundhara Economic Zone
  • Bay Economic Zone
  • BGMEA Garments industrial park (operational)
  • Chatak Economic Zone
  • City Economic Zone
  • City Special Economic Zone
  • Cumilla Economic Zone (operational)
  • East-Coast Group Economic Zone
  • East-West Special Economic Zone
  • Famkam Economic Zone (Proposed)
  • Hamid Economic Zone
  • Hoshendi Economic Zone
  • Karnaphuli Dry Dock Special Economic Zone
  • Kazi Farms Economic Zone Ltd.
  • Kishoreganj Economic Zone (Under Construction)
  • Meghna Economic Zone (Under Construction)
  • Meghna Industrial Economic Zone (Under Construction)
  • PowerPac Economic Zone (Mongla)
  • Sirajganj Economic Zone
  • Sonargaon Economic Zone (operational)
  • Standard Global Economic Zone

Government to government economic zones

  • Chinese Economic and Industrial Zone (CEIZ)
  • Indian Economic Zone (Kushtia)
  • Indian Economic Zone (Mongla)
  • Japanese Economic Zone (Araihazar EZ)

Public private partnership (PPP) economic zones

  • Mirsarai EZ (1st Phase): The Powerpac-East West –Gasmin JV is the developer for this zone
  • Mongla EZ : Mongla EZ is the first PPP EZ in Bangladesh. The developer of first PPP EZ are PowerPac-PPMKPPL JV

Science- and technology-based economic zones

Bangladesh government Establishing Science and technology based Economic zone to attract foreign FDI. Some projects like Kaliakoir high tech park helped by World bank and DFID.

  • Barisal high tech park (land acquiring)
  • Chittagong high tech park (land acquiring)
  • CUET IT business incubator centre, Chittagong (under construction)
  • Dhaka high tech park (proposed)
  • Janata tower Software Park (completed)
  • Jessore Software Technology Park (under construction)
  • Kaliakoir high tech park (block development ongoing)
  • Keranigonj Special IT Economic Zone, Dhaka (under construction)
  • Khulna high tech park (proposed)
  • Mohakhali IT Village (land acquiring)
  • Rajhshahi high tech park (land acquiring)
  • Rangpur high tech park (land acquiring)
  • Sylhet Electronic City (under construction)
  • Sylhet high tech park (Land acquiring)
  • United City IT Park Ltd

Tourism-based economic zones

See also

External links


This page was last updated at 2022-04-07 02:08 UTC. Update now. View original page.

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