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Bangladesh Economy is growing well at 6.3% in the past 5 years . However, need to accelerate GDP growth 8% to 10% for reduce the poverty level from 40% now to 15% and targeting to be a Middle Income Country by 2021. Economic Zone program is aiming to achieve the above goals by attracting private investment (FDI & DI), accelerating GDP growth & creating 10 millions of new employment within 2022 for this reason BEZA takes a initiative to start the project . Now 05 project is ongoing and more than 10 project under planning stage.
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Legal Status of EZ• The Act prepared based on the decision of cabinet meeting dated on 03-07-2000• The Bangladesh Economic Zones Act,2010 , Act No. 42 of 2010 (1st August 2010)
Background of Formation EZ
• Bangladesh Economy is growing well at 6.3% in the past 5 years .
• However, need to accelerate GDP growth 8% to 10% for reduce the poverty level from 40% now to 15% and targeting to be a Middle Income Country by 2021.
• Economic Zone program is aiming to achieve the above goals by attracting private investment (FDI & DI), accelerating GDP growth & creating 10 millions of new employment within 2022
• To make provisions for the establishment of economic zones in all potential areas including backward and underdeveloped regions and development.• To encouraging rapid economic development through increase and diversification of industry , employment , production and export .
Objective of Economic Zones
At a glance Bangladesh Economic Zones Act, 2010
• EZ means any economic zone declared by the Government through gazette notification ( No any land within city corporation , municipality or cantonment board area )
• Governing board means the governing board of the authority
• Chairman means the chairman of the governing board • Executive Board means the executive board of the
authority • Executive Chairman means the chairman of the
executive board• Secretary means the secretary of the authority • EZ developer means authority may appoint economic zone
developers
Way to establishment of economic zones
• EZs established through public and private partnership by local or foreign individuals, body or organizations
• Private EZs established individually or jointly by local, non-resident Bangladesh or foreign investors, body , business organizations or groups
• Government EZs established and owned by the Government
• Special EZs established privately or by public-private partnership or by the GOB initiative, for the establishment of any kind of specialized industry or commercial organization
Acquisition of Land for EZs• For the purposes of this act, the GOB may ,
acquire any land under the Acquisition of immovable Property Ordinance,1982 (Ordinance No. ll of 1982) if required for an economic zone or for infrastructure thereof such as-roads, bridges etc.
• The land acquired shall be deemed to required for public interest
• Compensation will be pay according to ordinance sub section 1
Division of an EZ into several areas • Export process area: Specified for export
– oriented industries;• Domestic Processing area: Specified for
industries to be established to meet the demand of the domestic market;
• Commercial Area : Specified for business organizations , banks , warehouses , offices or any other organizations
• Non-Processing Area : Specified for residence , health , education, amusements, etc .
Project Running: Mongla EZ - Bagerhat under Khulna Division
Mershorai EZ - Chittagong under Chittagong Division
Anwara EZ- Chittagong under Chittagong Division
Sirajgong EZ- under Rajshahi Division
Sherpur EZ- Moulviubazar under Sylhet Division
Project under planning : Manikganj (Aricha) , Rajshashi, Nilphamari (Syedpur )
Working Area
Bangladesh Economic Zones Authority
Proposed site map for Mirshorai,,Anwara and Sherpur, Source : JDI , Feasibility Report , March 2014
Members of BEZA
Executive
Member
(Admin and
Finance )
Executive Chairman
Executive Member
(Investment and Development)
Executive Member ( Planning and Development )
Existing policies/guidelines of BEZA
• Operation Guideline• One stop service guideline • Health and safety policy • Security policy •
STATUS OF DEVELOPMENT Projects
Total Project Implementation 000
Completed Projects 000
Ongoing Projects (Mongla, Sherpur, Mirshorai, Anwara and Sirajgonj) 05
Upcoming project 05
World Bank DFID
Development partner
Major Achievements
Feasibility study completed of Three Project e.g. Mirshorai & Anwara of Chittagong , Sherpur of Mowlovibazar district
Social Screening report finalization on Mongla Economic Zone project
Environmental Clearance certificate under planning all of zones
Transaction advisory service draft agreement completed Land acquisition (205 acre) of Mongla Economic zone are
completed Land acquisition of Mirershorai and Anwara under
Chittagong ,Sherpur of Mowlovibazar and Sirajgonj are under planning stage
To be continued
.
Completed MoU with Singapore Cooperation Enterprise for the purpose of enable and encourage cooperation between both parties an operational level.
Investor from China and Japan visited office and interest to invest Economic Zones.
Local investor also express interest to invest Economic Zones.
Major Achievements
Mongla Economic
Zone Project
Mongla Economic
Zone Project
Mirshorai Economic
Zone Project
Mirshorai Economic
Zone Project
Anwara Economic
Zone Project
Anwara Economic
Zone Project Sherpur
Economic Zone Project
Sherpur Economic
Zone Project
Sirajgonj Economic
Zone project
Sirajgonj Economic
Zone project
Support to Capacity building of Bangladesh
Economic Zones Authority Project Support to Capacity building of Bangladesh
Economic Zones Authority Project
Mongla economic zone project
Item Detail Comments
Access & Utility 40 KM from Khulna City, 105 KM to Jessore Air Port and 230 KM to Dhaka
Land Gross & Net Gross area 205 acre
Type of Industry Automobiles , Ceramics, cement , paints , Food Processing etc
Price of land Lease $ 50 per Sqm
No of Affected HHs No Affected HHs
Competitiveness Considering the current shortage of well equipped EZ, Mongla EZ power supply will be competitive and direct access of sea and river .
Employment Creation
Employment creation is expected to be 25,000 workers
Expected Schedule Construction start from 2015 and complete by 2018
Mongla economic zone project
Sherpur economic zone project
Site & Highway
Item Detail Comments
Access & Utility 55 KM from Shylet Airport, 435 KM to Chittagong Port and 208 KM to Dhaka
Land Gross & Net
Gross area 143 ha and net area for sale 88.59 ha
Type of Industry Textile, Ceramics, Pharmaceuticals , paints , Food Processing etc
Price of land Lease
$ 50 per Sqm
Cost for On and off Site
$ 82.87 million for On-Site and $ 7.7 million for Off-site
Competitiveness Considering the current shortage of well equipped EZ, Sherpur EZ power and Gas supply will be competitive. Benchmark analysis indicates No 1 out of 7 Asain EZ
Employment Creation
Employment creation is expected to be 40,706 workers
Expected Schedule
Construction start from 2015 and complete by 2018
Sherpur economic zone project
.
mirershorai economic zone project
Site & Access Road
Item Detail Comments
Access & Utility 182 KM from Dhaka, 66 KM to Chittagong , 79 Km from Chittagong Airport , 67 KM from Chittagong port
Land Gross & Net Gross area 3420 ha and net area for sale 1704 ha
Type of Industry Garment, Accessory, Textile, Machinery parts, Bike & Automobile Assembly later etc
Price of land Lease
$ 50 per Sqm (2016-2020) ,$ 70/Sqm (2023 to 2024) and $80/sqm after 2024
Cost for On and off Site
$ 818 million for On-Site and $ 29 million for Off-site
Competitiveness Along the Dhaka-Chittagong Corridor with own power & other infrastructure, Mirershorai EZ will be competitive
Employment Creation
Employment creation is expected to be 5,78,751 workers
Expected Schedule
Construction start from 2017 and phase 3 will end 2025
mirershorai economic zone project
.
Anwara economic zone project
Site , Embankment & Access Road
Item Detail Comments
Access & Utility 45 KM to Ctg. Port , 28 KM to Chittagong city and 46 Km from Chittagong Airport
Land Gross & Net Gross area 562 ha and net area for sale 424 ha
Type of Industry Shipbuilding, Shibuiding components, Steel , Automobile parts, leather goods, pharmaceuticals etc .
Price of land Lease
$ 60-$70/sqm
Cost for On and off Site
$ 172.87 million for On-Site and $ 67 million for Off-site
Competitiveness EZ has advantage of Sea access directly able to attact the waterfont industries such as shipbuilding steel and cement and supporting industries
Employment Creation
Employment creation is expected to be 53,420 workers
Expected Schedule
Construction start from 2017 and phase 3 will end 2020
Anwara economic zone project
.
Sirajgonj economic zone project
Item Detail Comments
Access & Utility Road , River and rail connectivity , Closest with Jamuna multipurpose Bridge , 130 KM to Dhaka international airport , 375 KM to Chittagong port .
Land Gross & Net Gross area 1041.43 acre (Khas land 985.93 acre and 55.50 private Land
Type of Industry Garments , food processing , cement etc
Price of land Lease
$ 50-$60/sqm
Cost for On and off Site
$ 172.87 million for On-Site and $ 67 million for Off-site
Competitiveness EZ has advantage of road , river and rail access directly able to attract investor .
Employment Creation
Employment creation is expected to be 80,000 workers
Expected Schedule
Construction start from 2015 and will end 2020
Source of labor Northern part of Bangladesh specially Sirajgonj , Pabna , Bogra and Natore
Sirajgonj economic zone project
At a glance Employment creation
Proposed project
2015-2016
2016-2017
2017-2018
2018-2019
2019-2023
Total
Mongla 400 2300 7500 10800 4000 25000
Mirershorai 2000 4500 10000 30000 532251 578751
Anwara 550 1000 2000 3000 46870 53420
Sherpur 350 5000 7000 20000 8356 40706
Sirajgonj 500 700 6000 20000 52800 80000
Total 3800 13500 32500 83800 644277 777877
Management and Capacities
Management and Capacities
Bangladesh Economic Zones Authority
Proposed site map for Mirshorai,,Anwara and Sherpur, Source : JDI , Feasibility Report , March 2014
BEZA Control Project Control
Internal Control
Governing Board
Executive Board
Executive Chairman
Executive Members
Project Director
Controlling macanisom
• LAW & ORDER SITUATION • INFRASTRUCTURE FACILITIES• LOW COST OF DOING BUSINESS• FRIENDLY POLICY OF GOVT• INCENTIVES• WIN – WIN VENTURES• SUCCESS STORY•Signatory of Singapore cooperation enterprise • SIGNATORY OF MIGA (Multilateral Investment Guarantee Agency)• SIGNATORY OF ICSID (International Centre for Settlement of Investment Dispute)• ASIA'S LOW COST PRODUCTION BASE
Why Invest in Bangladesh EZ?
Major Challenges Commitment of government (all level /time) Timely land acquisition both public and private land including compensation Both of Investors (FDI & DI) land demand within capital/commercial city but our vision rural development Availability of gas , electricity and water One stop service functional Availability of skilled manpower
1.Textile2.Agro-based Industries3.Chemicals4.Backward and forward linkage Industries5.Electrical Equipment and Components6.Electronic Products7.Software8.Shipbuilding 9. Optical Goods10. Garments and Garments Accessories11.Woven and Knitted Fabrics12.Engineering Products13.Leather Products and Foot-Wear14.Toys15.Medical and Biological Instruments
16.Pharmaceutical Products17.Plastic Moulded products18.Industries based on new uses of Jute19.Cutting/Polishing of Precious and Semi20.Precious stones21Household Fittings and Equipment22.Head-Wear23.Jewellery24.Horological Instruments25.Scientific Measuring Instruments26.Aircraft Instruments27. Laboratory Ware28.Printing and Publishing29.Printing and Copying Equipment & Accessories
Indicative List of Industries ( Assumption)
