Photo : Collected
Bangladesh Export Processing Zones Authority (BEPZA) has invited South Korean investors to invest more in Bangladesh’s export processing zones (EPZs) and the BEPZA Economic Zone in Chattogram’s Mirsarai.
BEPZA Executive Chairman Major General Abul Kalam Md Ziaur Rahman made the call as the chief guest at a seminar titled "Investment Opportunities in the Export Processing Zones and BEPZA Economic Zone of Bangladesh". The seminar was held on Friday at Seoul, the capital of South Korea.
The Korean community in Bangladesh, Kido Industrial Co Ltd, and Giant BD Company Ltd jointly organised this seminar. Ambassador of South Korea to Bangladesh Park Young Sik and Ambassador of Bangladesh to South Korea Md Delwar Hossain attended the seminar as special guests. About 60 participants attended the seminar of various South Korean investment organisations/industrial groups who have interest in investing in Bangladesh.
In the seminar, the BEPZA executive chairman provided a comprehensive picture of the favourable investment climate presently prevailing in Bangladesh, particularly for Foreign Direct Investment (FDI).
He said Bangladesh has experienced tremendous growth over the last decade. “The strategic geographical location, demographic dividend, large and expanding domestic market, stable socio-political environment, etc. are the key contributors to the rapid economic development of Bangladesh.”
Major General Zia said the main attraction for investment in Bangladesh is the most inexpensive, productive, abundant, and easily trainable workforce. The minimum wage of the workers in Bangladesh is the lowest in Asia, he added.
Highlighting the incentives and facilities provided by the present government to the investors, the BEPZA executive chairman said Bangladesh has been consistently liberalizing its foreign investment policies over the time. The government has formulated "One Stop Service Act" for the investment promotion agencies of Bangladesh to provide faster and better services, he added.
Mentioning the expansion plan of BEPZA the Executive Chairman said, along with the 8 operational EPZs, BEPZA is establishing an Economic Zone in Mirsharai, Chattogram which has already attracted 28 industries in its development stage, and few of them started production. Moreover, establishment of 3 new EPZs are also under process which will be ready for the investors by the end of 2025. He urged South Korean investors to come forward and explore the potentiality of investment in Bangladesh especially in these zones under BEPZA.
Mentioning the long-standing friendly relationship between Bangladesh and South Korea, Ambassador of Republic of Korea to Bangladesh Park Young Sik, highlighted Bangladesh's remarkable success story in the garment sector. He informed the South Korean investors regarding investment opportunities in Bangladesh focusing its gradual progress in all sectors including infrastructure, graduation from LDC status and the nation's vision to build Smart Bangladesh.
Ambassador of Bangladesh to South Korea Md. Delwar Hossain mentioned the various steps of the Government to create investment friendly Bangladesh and urged Korean investors to invest more in Bangladesh.
In the welcome speech, Chairman of KIDO Bangladesh Mr. Jang Hee Park, a South Korean investors of Adamjee EPZ highly appreciated the services provided by BEPZA in setting up factories at EPZ of Bangladsh. He urged Korean investors to be benefitted by investing in the EPZ of Bangladesh.
The seminar ended with a lively question and answer session where the BEPZA Executive Chairman along with Tanvir Hossain, Executive Director (Investment Promotion), Fazlul Haque Mazumder, Additional Executive Director (Investment Promotion), and Ali Istiak Chowdhury, Director of BEPZA answered various questions of the participants. BEPZA gets positive feedback from few investors who expressed their interest in investing in Bangladesh soon.
Messenger/Fameema
