Development of Economic Zones
Annual Report
2016
Bangladesh Economic Zones Authority Prime Minister’s Office
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Glossary Table
ADB Asian Development Bank ASEAN Association of Southeast Asian Nations BB Bangladesh Bank BEZA Bangladesh Economic Zone Authority BG Broad Gauge BICC Bangabandhu International Conference Centre BIFFL Bangladesh Infrastructure Finance Fund Limited BIWTA Bangladesh Inland Water Transport Authority BOI Board of Investment BPDB Bangladesh Power Development Board BTMA Bangladesh Textile Manufacturers Association BWDB Bangladesh Water Development Board CMS Content Management System DBFOOT Design-Build-Finance-Own-Operate-Transfer DC Deputy Commissioner DoE Department of Environment DPHE Department of Public Health Engineering EA Environmental Assessment EBRIDP Eastern Bangladesh Rural Infrastructure Development Project ECC Environmental Clearance Certificate ECR Environmental Conservation Rules EIA Environmental Impact Assessments EIRR Economic Internal Rates of Return EMP Environmental Management Plan ENPVs Economic Net Present Values EPZ Export Processing Zone ETP Effluent Treatment Plant EZs Economic Zones FBCCI The Federation of Bangladesh Chambers of Commerce and Industry FDI Foreign Direct Investment FGD Focus Group Discussions FOC Fiber Optic Cable Ft/ft. Foot/foot GAFTA Greater Arab Free Trade Agreement G2G Government to Government GDP Gross Domestic Product GoB Government of Bangladesh Ha/ha Hectare ICD Inland Clearance Depot ICT Inland Container Terminal ICZM Integrated Coastal Zone Management IDCOL Infrastructure Development Company Limited IFC International Finance Corporation IPFF Investment Promotion and Financing Facility IPP Independent Power Producer IPs Industrial Parks IRR Internal Rate of Return JBIC Japan Bank for International Cooperation JETRO Japan External Trade Organization JICA Japan International Cooperation Agency
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Km Kilometre KV Kilo-volt KWH Kilo-watt Hour LGED Local Government Engineering Department LIBOR London Interbank Offered Rate LPAD Law Justice and parliamentary Affairs Division MCCI Metropolitan Chamber of Commerce and Industry MSL Mean Sea Level MW Mega-watt NCS National Conservation Strategy NCT New Mooring Container Terminal NEMAP National Environmental Management Plan NPV Net Present Value O&M Operation and Maintenance Costs ODA Official Development Assistance ODF Optical Distribution Frame OSS One-Stop-Service PAP Project Affected People PFI Participating Financial Institution PGCB Power Grid Company of Bangladesh PIU Project Implementation Unit PPP Public-Private Partnership PMO Prime Minister‘s Office PRG Partial Risk Guarantees QOL Quality-of-Life RAP Resettlement Action Plan REA Rapid Environmental Assessment RFP Request for Proposal REB Rural Electrification Board RMG Ready-made Garments RSMF Resettlement and Social Management Framework SEZ Special Economic Zone SME Small and Medium-sized Enterprises SOB Survey of Bangladesh SIA Social Impact Assessment SRO Statutory Rules and Orders SPV Special Purpose Vehicle SWOT Strength, Weakness, Opportunity, and Threat TEU Twenty-foot Equivalent Unit UNO Upazila Nirbahi Officer VAT Value-added Taxes VGF Viability Gap Financing WARPO Water Resources Planning Organization WATSAN Water Supply and Sanitation WB World Bank
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Contents Core Values, Vision, Mission ...... 6 Governing and Management Structure of BEZA ...... 9 2. Corporate InformationGoverning and Management Structure of BEZA ...... 9 3. Corporate Information ...... 9 3. Chairman’s ReportCorporate InformationGoverning and Management Structure of BEZA ...... 9 4. Corporate InformationGoverning and Management Structure of BEZA ...... 9 Corporate Information ...... 12 3. Chairman’s ReportCorporate Information ...... 12 4. Chairman’s Report ...... 12 4. Snapshot of Key PerformanceChairman’s ReportCorporate Information ...... 12 5. Chairman’s ReportCorporate Information ...... 12 Executive Chairman’s Report ...... 13 4. Snapshot of Key PerformanceChairman’s Report ...... 13 5. Snapshot of Key Performance ...... 13 5. Snapshot of Key PerformanceChairman’s Report ...... 13 6. Snapshot of Key PerformanceChairman’s Report ...... 13 5. Snapshot of Key Performance ...... 15 6. Snapshot of Key Performance ...... 15 7. Snapshot of Key Performance ...... 15 8. Snapshot of Key Performance ...... 15 PPP Economic Zones ...... 17 Ongoing and Upcoming EZs ...... 17 Mongla Economic Zone (Powerpac Economic Zone) ...... 17 Mirsarai Economic Zone...... 18 Mirsarai EZ-2 ...... 19 Shreehatta Economic Zone ...... 20 Sabrang Tourism Park ...... 21 Naf Tourism Park (Jaliardiwp EZ) ...... 23 Narayanganj EZ ...... 25 Dhaka SEZ ...... 26 Mirsarai Industrial City -The First Planned City ...... 27 Moheshkhali –The Next Planned City ...... 28 Private Economic Zones ...... 29 A.K. Khan Economic Zone ...... 30 Abdul Monem Economic Zone (AMEZ) ...... 31 Meghna Private Economic Zone ...... 32
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Meghna Industrial EZ ...... 33 Aman Economic Zone ...... 34 Bay Economic Zone ...... 35 Arisha Economic Zone ...... 36 G2G Economic Zones ...... 37 The first meeting of the Bangladesh-India Joint Working Group (JWG) on the establishment of Indian Economic Zones (IEZs) in Bangladesh was held in Dhaka on May 10, 2016...... 37 Mongla Economic Zone (Indian G2G) ...... 38 Chinese G2G EZ ...... 39 Governing Board Meetings of BEZA ...... 40 Strategic aspects of partnering with BEZA ...... 42 One-Stop Services ...... 45 Current Developments ...... 46 Social and Environmental Compliance...... 47 Legal Framework of BEZA ...... 49 Feasibility Study ...... 56 Initial Site Assessment ...... 57 Investment Promotion abroad and Study Tour ...... 57 Investment Promotion & Road Show within the country ...... 60 Key messages of the Road-Show ...... 60 Strategic benefits of partnering with BEZA ...... 60 Competitive incentive package ...... 60 One Stope Services ...... 61 Participants Attendance ...... 62 6.5.1 Attendance...... 63 Up-gradation of Website ...... 66 Memorandum of Understanding Signed with Investors ...... 67 Publications & Campaign of BEZA ...... 70 Ongoing project of BEZA ...... 71 Media Coverage ...... 75 At a glance activities pictures of BEZA ...... 76
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Core Values , Vision, Mission
Core Values: Customer satisfaction; Team working; Free flow of information; Participation and involvement; Never stop learning; Networking; and Effective Public Private Partnership
Vision: BEZA aspires to become a sustainable development driving force and a world class investment promoter and service provider to ensure quality of life of the people.
Mission: BEZA‘s mission is to persistently create value for the investors by establishing attractive investment facilities in the economic zones through One-Stop service and competitive incentive packages.
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Who we are:
Bangladesh Economic Zones Authority (BEZA) is attached with the Prime Minister’s Office (PMO) and is mandated to establish, license, operate, manage and control economic zones in Bangladesh.
BEZA aims to establish economic zones in all potential areas of Bangladesh including backward and underdeveloped regions with a view to encouraging rapid economic development by proliferation and diversification of industry,
employment, production and export.
BEZA intends to develop 100 economic zones across the country and create employment for 10 million people by next 15 years. The authority also plans to set corridors in Dhaka-Teknaf, Dhaka-Sylhet, Dhaka-Mongla and Dhaka-
Panchagarh routes for the economic zones
Services offered by BEZA Identification and selection of sites and land acquisition for economic zones Appointment of developer and preparation of infrastructure development plans Building, developing and leasing economic zones to investors Development of infrastructure and ensuring efficient use of land Promotion of Public-Private Partnership in economic zones Implementation of industrial policy along with social and economic commitments
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Foreword
The journey of Bangladesh‘s economy is now riding an uptrend, aided by political and macroeconomic stability, compared to what it had started out in 1970s. In the past decade, its GDP has grown by ~6% driven by domestic demand as well as price competitiveness. The government of Bangladesh envisages further growth and improved employment scenario by establishing a more liberalized trade and investment environment, thereby attracting large-scale foreign investment. To this end, Bangladesh government has taken initiatives to build economic zones across the country, under various implementation models. This vision resulted in the formation of Bangladesh Economic Zones Authority (BEZA). Issues related to availability of land, high taxation rates, combined with administrative and logistical hurdles have always been a major source of challenge for attracting investment. Such issues would be now effectively dealt with by the single body of BEZA, thus facilitating the investment process amidst the slow wake of nationwide reforms. The challenge now is to consolidate this by accelerating economic growth at a harmonic pace, in an inclusive and sustainable manner.
This first publication of the annual report will provide information, which would enable to assess the status of current progress in infrastructure and investment, its adequacy and projection of the future requirements of institutional capacity of BEZA .
I congratulate the staff of Bangladesh Economic Zones Authority (BEZA) , Support to Capacity Building of BEZA Project, Bangladesh Economic Zone Development Project (Phase-1) and Prime Minister‘s Office (PMO) in bringing out this publication.
Septembers 2016, 2016 Paban Chowdhury Executive Chairman Bangladesh Economic Zones Authority
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Governing and Management Structure of BEZA
Bangladesh Economic Zones Authority (BEZA), attached with the Prime Minister‘s Office (PMO), was officially instituted by the government on 9 November 2010 as a nodal agency to establish, license, operate, manage and contr ol economic zones in Bangladesh. BEZA has a 3-level management structure: 1. Governing Board 2. Executive Board 3. BEZA Office/Secretariat Governing Board: Governing Board is the highest body that undertakes overall policy decisions. It is headed by the Honorable Prime Minister with top-level representations from different Ministries or Divisions of Industries and the Prime Minister‘s Office including the apex chambers and private sectors. The current Governing Board consists of following: Sl. Position Designation No. 1 Chairman Honorable Prime Minister 2 Member Minister, Ministry of Finance 3 Member Minister, Ministry of Planning 4 Member Minister, Ministry of Labour and Employment 5 Member Minister, Ministry of Industries 6 Member Minister, Ministry of Communication 7 Member Minister, Ministry of Commerce 8 Member Minister, Ministry of Environment and Forests 9 Member Executive Chairman, Board of Investment State Minister, Ministry of Science and Information and Communication 10 Member Technology 11 Member State Minister, Ministry of Power, Energy & Mineral Resources 12 Member Principal Secretary, Prime Minister‘s Office 13 Member Governor, Bangladesh Bank 14 Member Senior Secretary, Prime Minister‘s Office 15 Member Senior Secretary, Ministry of Home Affairs 16 Member Senior Secretary, Finance Division, Ministry of Finance 17 Member Senior Secretary, Ministry of Commerce 18 Member Secretary, Ministry of Agriculture 19 Member Secretary, Ministry of Industries 20 Member Secretary, Planning Division, Ministry of Planning 21 Member Secretary, Ministry of Labor and Employment Secretary, Ministry of Science and Information and Communication 22 Member Technology 23 Member Secretary, Ministry of Foreign Affairs 24 Member Secretary, Energy & Mineral Resources Division 25 Member Secretary, Ministry of Power, Energy & Mineral Resources
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Sl. Position Designation No. 26 Member Secretary, Ministry of Shipping 27 Member Secretary, Ministry of Environment and Forests 28 Member Chairman, National Board of Revenue 29 Member Secretary, Ministry Posts & Telecommunication. President, The Federation of Bangladesh Chambers of Commerce and Industry 30 Member (FBCCI) The Representatives of the Chamber of Commerce and Industry of the districts 31 Member relevant to economic zones, to be nominated by the Government 32 Member Two women entrepreneurs to be nominated by the Government. 33 Member President of the Specialized Chamber of Commerce and Industry. Member 34 Executive Chairman, Bangladesh Economic Zones Authority Secretary
Executive Board: The Executive Board consisting of an Executive Chairman (as Chief Executive) and 3 Executive members to oversee day to day operation of BEZA. The Executive Board exercises all powers and performs all functions as may be exercised and performed by the Authority.
Executive Board
Executive Chairman
Executive Member Executive Member Executive Member
BEZA Office/Secretariat: The BEZA Office/Secretariat performs all day to day activities as guided by the Executive Board. BEZA has an existing strength of 72 staff and very recently government approved the revised organogram with an additional manpower of 58 for Head Office and 100 for 125 site office.
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Corporate Information
BEZA Executive Board:
Sl Name Designation Contact Picture No
Paban Chowdhury Email: [email protected] 1 Executive Chairman (Secretary) Phone No: +8802-8180114
Muhammad Abdus Executive Member Email: Samad ndc 2 (Investment [email protected] (Additional Promotion) Phone No: +8802-8180116
Secretary) Dr. M. Emdadul Executive Member Email: [email protected] 3 Haque (Additional (Planning & Phone:+88028180117 Secretary) Development)
Hariprasad Paul Executive Member Email: [email protected] Phone: 4 (Additional (Admin & Finance) +88028180127 Secretary)
Head Office:
Bangladesh Economic Zones Authority (BEZA) Prime Minister‘s Office (PMO) BDBL Bhawan (Level-15), 12 Karwan Bazar Dhaka 1215, Bangladesh E-mail: [email protected] Phone No.: +88028180114
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Bangladesh Economic Zones Authority
Executive Chairman’s Report
4. Snapshot of Key
Dear Stakeholders,
It‘s a great pleasure in presenting Bangladesh Economic Zone Authority‘s 1st Annual Report for the financial year ended 30 June,2016 .
Rapid economic development through higher industrial activity and creation of employment opportunities is one of main agendas for the Government of Bangladesh. The concept of Economic Zones (EZs) has been adopted as an ‗Open Door Policy‘ to attract investment from both domestic and foreign investors . BEZA was established to pioneer the establishment of EZs across Bangladesh There are six implementation models that have been envisaged for establishing EZs: 1. PPP EZ 2. Private EZ (Established by domestic or foreign private organization) 3. Special EZ (E sector specific industry) 4. G2G EZ (EZ established and owned jointly by GOB and any other government.) 5. Government EZ ( EZ established and operated by BEZA) 6. EZs in collaboration with other GOB Authorities.
During this financial year, BEZA has been able to source investments from different Asian countries, has kicked off activities for several sites and issued developers‘ licenses. Activities have started for Mongla and Mirsarai (Chittagong) among the PPP EZs. For Mongla Economic Zone, construction on the site is expected to be completed by December 2016 and the plots are likely to be available from 2017. Mirsarai Economic Zone will be the first multi-sector EZ in the country, with an area of 30000 acres. Starting with an area of 550 acres in the first phase, this site is suitable for industries like garments and accessories, composite textiles, auto components, cement, food processing, etc. Requisite electricity and gas supply will be available to the EZ. BEZA also developing Sabrang Tourism Park and Naaf Tourism Park in Teknaf, Cox‘s Bazar for planned and secured tourism in Bangladesh.
BEZA has issued 1st private EZ license to Meghna Economic Zone. Meghna Economic Zone (MEZ), located near river Meghna has signed MoUs with investors based in Thailand and China. Pulp paper,
Annual Report 2016 Page 13 oil refinery, power plants, PVC, beverage, packaging industry and petrochemicals will be the preferred industries in MEZ. BEZA also issued pre-qualification licenses to some of the other private players who have expressed interest in establishing EZs. AK Khan SEZ, located in Palash (Narsingdi), has all the potential locational advantages both from local and foreign investors . Abdul Monem Ltd. (AML) — the leading infrastructure company of Bangladesh, has also been awarded the Pre-Qualification license for developing Abdul Monem Economic Zone (AMEZ) at a strategically located land in Gazaria, Munshigonj. Feasibility study and Master plan of the zone have already been completed, and AMEZ authority expects to start the 1st phase of infrastructure development as soon as it qualifies for the final license. AMEZ has also set a new milestone in the Economic Zone regime of Bangladesh by signing an MoU with a Japanese firm as its first unit investor.
28th February 2016 was a great and eventful day for BEZA, as Honorable Prime Minister Sheikh Hasina inaugurated the development activities of 10 EZs on this day.
BEZA has taken the initiative to enact One Stop Services Act to ensure delivery of all services from a single point to the investors. A total of 31 services have been identified which will be provided from an automated OSS portal integrated in BEZA website.
Steps and initiatives have been taken during the last one year for updating, enriching and strengthening its legal framework by amending the Act and the Rules and by formulating the Policy and Guidelines. These have contributed a lot in accelerating the process of materializing the vision and in achieving the goal of rapid economic development through industrialization and employment in the economic zones.
We are grateful to the Prime Minister‘s Office , other relevant Ministries and Department of the Government of Bangladesh ( Particularly Petrobangla, Bangladesh Water Development Board , Bangladesh Rural Electrification Board, Power Grid Company of Bangladesh , Bangladesh Power Development Board , Roads & Highways Division, Local Government Engineering Department, Titas Gas Distribution Company Ltd., Jalalabad Gas Distribution Company Ltd., Karnophuly Gas Distribution Company Ltd. ) for their help, guidance and support provided to BEZA and to the investors for their continued patronage and confidence in BEZA. With continuous learning, skill upgradation and technology development, we will continue to provide world-class infrastructure and services to our investors. I wish to convey my appreciation to all the officials of BEZA for the valuable services and cooperation extended by them and are confident of their continued contribution towards even better performance in the future.
Dhaka,Bangladesh Paban Chowdhury 29 September , 2016 Executive Chairman (Secretary)
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5. Snapshot of Key Performance
BEZA was established to facilitate the development and operation of the Economic Zones throughout the country. The main objective of BEZA is to act as a change agent for faster economic growth by creating investment friendly environment and attracting FDI. BEZA has issued license for 12 private EZs and one PPP EZ, with more than 4000 acres land being ready for unit investors. Meanwhile 8 unit investors already have signed MoU with the private developesr to invest. Along with a number of projects in the pipeline, BEZA has also achieved remarkable progress on other ongoing projects. BEZA follows six implementation models for establishing EZs: Authorities
During the reporting period this financial year, we have made great progress in the PPP and Private EZs. Let us have a glimpse of our current performance.
Key Objectives:
To foreign direct investment (FDI) Establishment and development of Economic Zones in all potential areas Special focus on improving backward and underdeveloped regions Encouraging rapid economic development through industrialization and employment generation Increase in production, better domestic supply and higher diversification of export
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Figure 1 Honorable Prime Minister Sheikh Hasina with foreign investors
Figure 2 : Inauguration of Development Activities of 10 EZs by Honorable Prime Minister Sheikh Hasina
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PPP Economic Zones Under the PPP implementation model, EZ on government land will be developed and operated by private developer selected through competitive bidding
Through well-incentivized EZs, Bangladesh government aims to develop and diversify exports and encourage domestic manufacturing at the same time, to create jobs, and to pilot new policies and approaches (for example, in customs, legal, labor, and public-private partnership aspects). These EZs will also allow for more efficient government supervision of enterprises, provision of off-site infrastructure, and environmental controls. This will provide immense business and employment opportunities for all sections of the society in Bangladesh.
BEZA started activities for PPP zones with the support of World Bank and DFID under two projects within PSDSP. BEZA is focusing on 11 sites under these projects viz. Mongla, Mirsarai EZ (1st Phase) , Mirsarai EZ-2, Sabrang Tourism Park ,Jaliardiwp EZ, Dhaka SEZ, Narayanganj,Anwara-2 (CEIZ),Hobiganj and Sreehatta EZ. A reputed Transaction Advisory Service Firm, PwC and individual consultants are appointed for Transaction Advisory services, Master Planning, Feasibility study report, Legal issues, Environmental and Social study for these EZsites.
Ongoing and Upcoming EZs
Item Key Information Mongla Economic Zone (Powerpac Access 200 m from Mongla Port, 40 km from Khulna Economic Zone) City, 105 km to Jessore This zone is located near the Mongla sea port (second Air Port and 50 km to Jessore-Khulna-Mongla largest sea-port of the country) and it has a common Road boundary with Mongla EPZ .With a gross area of 205 Competitiveness Readily available acres, the EZ is suitable for apparel / RMG, jute, food developed land, power & processing, shipyard etc. Construction on the site will be water supply, direct done phase wise and full construction is expected to be access to sea and river completed by 2017 and the plots are likely to be Employment ~25,000 workers available from 2017 Creation (estimated)1 Mongla is the first PPP EZ in Bangladesh. This EZ Current Ongoing is awarded to the developer-PowerPac-PPMKPPL Development construction of off- JV. site infrastructure facilities viz. Access Road, Bridge, Boundary Wall, Admin Building, Water Supply and Electric Supply
Mirsarai Economic Zone (Phase-I) Suitable Textile, Machinery, Industries Leather, Food Processing, Shipyard
Figure 3 Master Plan of Mongla EZ
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Item Key Information 67 km from Chittagong port, 16 km from Dhaka- Mirsarai Economic Zone Access Chittagong Highway, 79 km from Chittagong Airport Along the Dhaka- Chittagong Corridor, The Mirsarai EZ site is located in the Competitiveness Mirsarai Upazila of Chittagong . The Adequate supply of zone is planned in a naturally reclaimed electricity and gas ~500,000 workers land at the mouth of Feni river and it has Employment Creation stretched up to Sitakundo along the coast 6.5 km approach of Bay of Bengal huth of the site. It is 60 road km away from Chittagong port. Current Land development Development Electricity BEZA has already completed all kinds of connection studies, viz. Feasibility Study, Embankment Environmental and Social Impact Garments and garments Assessments. The Mirsarai Economic accessories, Integrated Zone (EZ) will be the first multi-sectoral Textile, EZ and the second PPP EZ in the Suitable motorbike assembling, country, with an area 550 acres in Phase-I Industries automobile assembling, automobile parts . manufacturing, ship- building The selection of developer for Mirsarai EZ (1st Phase) has already been completed. The Powerpac-East west – Gasmin JV has been selected as developer for this zone.
Figure 5 : Executive Chairman of BEZA with utility service provider
Figure 4 : Master Plan of Mirsarai EZ
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Mirsarai EZ-2
The Mirsarai EZ-2 site is located besides the Mirsarai EZ (Phase-1). Total area is1300 acres . BEZA BEZA has already completed all kind of studies, viz. Feasibility Study, Environmental and Social Impact Assessments.
Mirsarai EZ Ongoing Development Activities for Mirsarai EZ-2 BEZA approach road to be made by RHD at BDT. Embankment & Site Filling for 2A 124 crore Appointment of contractor for 18 Embankment & Site Filling for 2B Culvert/ Bridge is in progress. Access Road including Bridge and Appointment of contractor for road Culverts construction works will be started Admin Building after finalization of land acquisition Sluice Gate Mirsarai/Feni EZ Power Connection and sub-station Water Supply 2A REB provided the electricity Electric Substation connection line up to Mirsarai EZ BEZA provided 50 acres land for PGCB grid substation BEZA provided 1 acre land to REB for installation of sub-station 33/11 MW REB, Feni will provide the electricity connection up to Feni EZ by December 2016
Figure 6 Master Plan of Mirsara EZ 2
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Shreehatta Economic Zone
Sreehatta Economic Zone (EZ) has the potential to become a successful economic zone under Public Item Key Information Private Partnership. With the presence of a power 55 km from Sylhet plant, gas connection , and fresh water source airport, 435 km from nearby, these EZ site provides a very good Access Chittagong port, 43 km prospect for the establishment of a successful from Sreemangal Railway economic zone. Moreover, the site is located at the Station converging point of the Dhaka-Sylhet Highway and the Dhaka-Maulvibazar Highway. The site Proximity to highway and has a total area of 352 acres. Land acquisition and waterway; availability of Competitiveness other primary activities already been completed power, gas and and site development will be completed by June telecommunication. 2017. Employment ~40,000 Creation Gas line to EZ Land Development Current Power Connection to Development EZ Textiles (spinning, weaving, dyeing, and finishing), Suitable Ceramics, Industries Paint and glass making Food and beverage Jalalabad Gas Distribution Company Ltd. working for gas line connection to the zone . Surface water is available from the Kushiyara River within 2 km. Appointment of Developer is in progress.
Figure 7: Master Plan of Shrehatta EZ
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Sabrang Tourism Park
Sabrang Tourism Park will be the first exclusive tourism park in the Cox‘s Bazar district, encompassing an area of 1027 acres. Sabrang is an amazing hilly and sea beach territory, multifaced, diverse and admirably beautiful site. The purest air, lofty hill, sea and lagoon create perfect conditions for the development of all types of tourism & entertainment.
Connectivity: Road: The proposed Park is 5 km away from Teknaf town. Cox‘s Bazar-Sabrang Marine Drive is the access road to the proposed Park and this connects the National Highway (N1) . Air: Cox‘s Bazar Airport is at a distance of 96 km from the proposed Park. The proposed Park takes around 1.5 hours of travel time by road. Port: Teknaf Land Port is only 9 km. River: Naaf River is only 8 km from the zone.
Competitiveness: • Located with exclusive beach front • Half an hour Sea cruise to St. Martin- a coral island • 9 km away from Teknaf land port • 30 Minutes proximity to Cox‘s Bazar Domestic International Airport • Access to the Bay of Bengal • Well-connected by road and sea Figure 8: Layout Plan of Sabrang Tourism Park • Availability of local operators in tourism sector • At the lip of the island Bador Mokam One can enjoy bot sun rise and sun set , besides having sandy beach. Item Key Information2 Employment ~40,000 Creation Feasibility Study EIA Current Road Network Development Embankment Land Development
Hotel complexes, Eco-tourism, Recreational facilities, Business Suitable tourism, theme Industries parks, Marine Figure 9: Natural view of Sabrang Tourism Park Aquarium, Water Sports, Water tourism, Education & Health Tourism 2 http://www.beza.gov.bd/wp-content/uploads/2015/10/BEZA-Brochure-2015.pdf
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Proposed Master Plan for Sabrang Tourism Park
Figure 10 : Master Plan of Sabrang Tourism Park Annual Report 2016 Page 22
Naf Tourism Park (Jaliardiwp EZ) Naaf Tourism Park will be the first river based exclusive tourism park in the Cox‘s Bazar district encompassing an area of 271 acres. Naaf is an amazing island in the middle of the Naf river and it liesbetween the border of Myanmar and Bangladesh. Have a hill and river view territory, multifaced, diverse and admirably beautiful. The purest air, lofty hill create perfect conditions for the development of all types of tourism & entertainment facilities. It hasa nice hill view on both side ( Teknaf of Bangladesh and Mongdu of Myanmar
Connectivity: Road Connectivity: The proposed Park is 2 km away from Teknaf town. Cox‘s Bazar-Teknaf highway is the access road to the proposed Park and this connects the National Highway (N1) Air Connectivity: Cox‘s Bazaar Airport is at a distance of 90 km. The proposed Park takes around 1.5 hours of travel time by road. Port Connectivity: Teknaf Land Port is just opposite of the park. River: In middle of the Naf river
Competitiveness: 3 Located in the middle of the Naf river Item Key Information Employment One hour Sea cruise to St. Martin- a coral island ~10,000 Opposite of Teknaf land port Creation One hour drive to Cox‘s Bazar Domestic Feasibility Study International Airport EIA Road Network Access to the Bay of Bengal Current Embankment Well-connected by road and river Development Land Development Availability of local operators in tourism sector Hanging Bridge
Offsite Infrastructure facilities: Hotel complexes, Eco- Hanging Bridge : A hanging bridge to be tourism, Recreational completed by December 2017 facilities, Business Site Development Works (land fill) to be Suitable tourism, theme parks, completed by December 2017 Industries Marine Aquarium, Water Boundary Wall: To be completed by December Sports, Water tourism, 2017 Education & Health Jetty Tourism
3 http://www.beza.gov.bd/wp-content/uploads/2015/10/BEZA-Brochure-2015.pdf Figure 11: Hanging bridge plan Figure 12: Conceptual Plan of Naf Tourism Park
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Narayanganj EZ
4 Narayanganj EZ will be the one of the closest EZ from Item Key Information Capital city Dhaka . Narayanganj is 32 km away from Area 316 acres Dhaka city. Access 32 km from Dhaka Proximity to highway Connectivity: Competitiveness and waterway; Road Connectivity: availability of power. Narayanganj-Munsiganj Highway (R812); Employment ~70,000 Bandor-Madonpur Highway (R113); and Creation Dhaka-Narayanganj Link Road (R111).. Feasibility Study Sitalakhya Bridge is proposed across the Sitalakhya Current EIA River, which will link the capital with Sylhet and Development SIA Chittagong highway through Demra and Resettlement Plan Narayanganj. Once functional, it shall connect Garments industries, knitwear garments, Madanpur-Madanganj-Sayedpur Road (R113) and Suitable cold storage, Fatullah (Panchaboti)-Munshiganj (Muktarpur) Industries Lohajang-Mawa Road (R812 shipbuilding, Cement Air Connectivity etc. Narayanganj EZ is located about 48 km from Hazrat Shah Jalal International Airport at Dhaka. Port Connectivity Proposed EZ is located at a distance of about 254 km from Chittagong port . Rail There are two major railway stations in Narayanganj district viz. Narayanganj and Chashara. Narayanganj railway station is located at a distance of 7 km from the proposed EZ. River The proposed EZ is located adjacent to the confluence of three rivers viz. Meghna, Dhaleswari and Shitalakhya. Narayangunj river port is located within 3.5 km (Water way).
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Dhaka SEZ
Dhaka SEZ is located in Keraniganj upzila which is 18 km 5 away from the zero-point of Dhaka City. Item Key Information Area 105 acres Access 18 km from Dhaka Proximity to highway Road Connectivity Competitiveness and waterway; EZ is located in between Zinzira-Keraniganj- availability of power. Employment Nawabganj-Dohar-Srinagara Road (R820) and ~20,000 Dhaka Mawa highway (N8)Air Connectivity Creation Dhaka SEZ is located about 30 km North East of Feasibility Study Hazrat Shahjalal International Airport in Dhaka. Current EIA Port Connectivity Development SIA Dhaka SEZ is located at a distance of about 254 km Resettlement Plan from Chittagong port Information River Connectivity Technology, The proposed EZ is located adjacent to the Packaging, Dhaleswari river. Suitable Pharmaceuticals, Dhaka river port is located within 6 km (Water Industries Shipbuilding , way). Cement, Electronics, and LPG
Figure 13 : Location map of Dhaka SEZ
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Mirsarai Industrial City -The First Planned City
Mirsarai Industrial City will be one of the most suitable large sites of Bangladeshfor setting up industrial establishments. It is in the strategic location of Dhaka- Chittagong industrial corridor. In Mirsarai, as well as, in Chit- tagong division, business costs and cost of living are significantly lower than those of the other competing cities of the world.
At present the area of Mirsarai site is about 20000 acres and future expansion is possible up to 30000 acres. Mirsarai Industrial City will drive , forward the delivery of a truly world-class business and industrial centre. For Mirsarai Industrial City, BEZA would like to build strong partnership with the private sector and local entrepreneurs. BEZA has its time needed planning to develop a comprehensive master plan for developing the 1st self- contained Industrial City in Bangladesh, incorporating Airport, Residential Area , Tourism Park, Power Plant, Hospital, School and University. We are committed to assist, encourage and facilitate investment in the Mirsarai Industrial City. Now, BEZA are working on detail Master Plan for Mirsarai Industrial City.
Mirsarai EZ protection Embankment to be constructed by BWDB LNG gas Connection Power Grid Station ECNEC approed a project for Karnophuly gas PGCB will Mirsarai EZ protection . Total distribution Company Ltd. establish a high cost of the proejct is BDT. 1182 working for LNG voltage power grid crore connection to Mirsarai station for The duration of the proejct is industrial city. dedicated power upto Dceember 2018
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Moheshkhali –The Next Planned City
Moheshkhali will be another planned Industrial city in our Country. A co-ordinated land use plan has been developed by BEZA for Moheshkhali Upazila to accommodate Deep Sea Port, Utility infrastructure, Industrial and Entertainment Zone, LNG terminal and Power Plant.
Figure 14: Conceptual Plan of Moheshkhali planned city
Area Distribution in Acre A = CPGCBL -1414 J = Cox’ Bazar SE Z -11285 • Land use plan has been prepared by B = CPGCBL -1200 L = Gas Transmission Line -83.4 BEZA C = CPGCBL -1500 L = LNG terminal -700 • 7 EZ sites have been selected in D = CPGCBL -2000 M = Eastern Refinery -34 Moheshkhali Island E = BPDB -5647 N = Roads & Highway -88.24 • BEZA already got ownership of 16,962 acres land for Moheshkhali . F = Industrial City – 8000 P = Fish Processing Plant -250 • JICA is funding for coal based power G = NAVY -100-1100-450 Q = Tourist Area -255 plant, Deep Sea Port and Township in H = Coast Guards -5.1 R = Deep Sea port -2100 Moheshkhali I = Maheshkhali EZ (1)- 1438 S = Coal Berth -250 • LNG terminal is being constructed to K = Moheshkhali EZ (2) -827 T = FEZ -15000 supply 500 MMCFD • Moheshkhali is moving as a major O = Moheshkhali EZ (3) -670 W = Tourism EZ 1300 power hub with 10000-12000 MW V = Coal Port -300 Y = Water Development Board 1540 Acre • Railway and 4 lane Road connectivity X = Rail Line - 180 are underway
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Private Economic Zones
Private Economic Zones are established individually or jointly by local, non-resident Bangladeshis or foreign investor, body, business organizations or groups.
The entry of the private sector into zone development has also changed the range of facilities, services and amenities available within zones. Recent trends tied to the increase in private zone development include the development of EZs and industrial estates on an integrated basis rather than stand-alone basis, increased specialization of facilities catering to the unique needs of target industries (hi-tech, petrochemical, software, among others) and the provision of a greater range of business support services and specialized facilities.
BEZA has developed Private EZ policy for private developers. In the 1st phase BEZA has issued 4 Pre- Qualifications license to AK Khan, Abdul Monem and Meghna group of industries . After obtaining pre- qualification license from BEZA, all private developers have started on-site development activities. In the 2nd phase BEZA has issued another 3 pre-qualification license to Bay Private EZ, Aman Private EZ , Arisha Private EZ and in the 3rd phase BEZA issued another 4 Pre-Qualification license to United City IT park, Bashundhara SEZ and East West SEZ . 160
65 56 68 63 Total USD 488 35 40 invested by the private Economic Zone AK Khan Abdul Meghna Meghna Aman EZ Bay EZ Arisha EZ developers EZ Monem EZ IEZ EZ
PEZ License to A.K. Khan PEZ license to Abdul Monem PEZ license to Meghna Economic Zone and Meghna Industrial Zone
Figure 15 Investment trend in PEZs
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A.K. Khan Economic Zone
Location: BEZA awarded license to A.K. Khan Group Danga, Palash, Narshingdi. on 10 February 2015 Total land: Construction of boundary wall is almost Gross Area 200 Acres. At a glance (Site Information) completed A.K. Khan has invested ~US$ 35 million By river: A.K. Khan has purchased additional land for 320 km (171 nautical miles) from Chittagong further expansion port, directly connected with the River Sand filling work for the land development is Meghna& thus well connected with in progress Chittagong &Mongla port. A.K. Khan has completed EIA and Feasibility Employment Projection: study Approximately 40,000 workers Construction of boundary wall is almost completed Other Key Information DoE clearance is under final stage A Riverside Inland Container Terminal (RICT), as an Integral part of AKPEZ, will cater port services to all Industries & Factories In house port facility of AKPEZ and it will be additional incentives Quick shipment of goods, raw materials & of this AKPEZ over the road connectivity for finished products its all investors whose products will need port Nominal transport/ logistic cost for shipment services. The attractiveness and advantages Free from any sort of strike / ‘hartaal’, are the followings: resulting in lower lead time Big scale logistic center will not be Easier & faster ICD storage facility required for the factories & industries of Special Storage facility for high-value import & AKPEZ due to presence of Container export items Terminal at their door step .Only small space Substantial reduction of production & operating for logistic /container truck will be sufficient costs for the investors in AK Khan PEZ.
All the industries & factories of AKPEZ will get port services at their door step instead of waiting for few days to get it from Chittagong Port. Arrangement will be made to provide BL on boarding the container on the barges of AKCT which will work as a part of AKPEZ. Saving of time to get this BL, which is bankable document, will be a great advantage for the investors of AKPEZ. For transportation of their cargo, factories & industries of AKPEZ will be benefited by using river route which is more cost effective, safe & environment friendly as compared to road transportation.
Figure 16: Pre-Qualification License to A K Khan EZ
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Abdul Monem Economic Zone (AMEZ) EZ Site AMEZ is located in Gazaria, Munshiganj on a land parcel of 216 acres with an option to expand up to 300 acres BEZA awarded license on 1 March
2015. Accessibility Excellent Location at the Gateway to Dhaka Abdul Monem invested US$ 65.42 (Only 37 Km) Million 60% construction of Boundary wall is 61km from Hazrat Shahlajal International completed Airport MoU is signed with 02 unit investors 240 km for Chittagong Sea Port & 313.4 km Earth filling is almost completed from Mongla Sea Port Feasibility study and Master Plan 600m from MeghnaGhat River Port have been cleared by BEZA DoE cleared the EIA World Class Infrastructure Industrial plot for long-term or short-term lease Utility Service (Captive Power Plant for 24/365, Water supply, Sewage treatment) Multi-Modal Logistics & Dry Port (Road, River and Rail) One-Stop Administrative Services Commercial facility services (financial institutions, retail shops, restaurant & recreation centers etc.) On site Dormitory/Housing for employees, etc
Potential Industries : Textile & Garment and Accessories, Leather Products & Shoe Industry, Pharmaceuticals, Food Processing, Plastics & Other Consumer Goods, Machinery Parts & Light Engineering, Automobile & Accessories, etc
Figure 17 : Construction activities of AMEZ
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Total land area of this zone is 68 acres EIA report has been approved by Department of Environmental on Meghna Private Economic Zone 03/08/2016 for Meghna EZ, Environmental Monitoring is going on. Meghan EZ is the first private EZ license holder BEZA awarded license to Meghna PEZ in Bangladesh . Meghna Economic Zone (MEZ) on 11 May 2015. is situated at Meghnaghat, Sonargaon, Meghna group invested US$ 56 Million Narayanganj on the bank of the river Meghna Construction of Boundary wall is 80% adjacent to the Dhaka – Chittagong highway. completed Meghna Economic Zone is a sister concern of Construction of administrative building Meghna Group of Industries-one of the biggest is going on and leading conglomerates in Bangladesh. This Land development work is going on Economic Zone is suitable for industries like Pulp Feasibility study and Master Plan have & Paper, Tissue Paper, Sanitary Napkin, Baby Diaper, PVC plant, Oil Refinery, Flour Mill, been cleared by the BEZA Power Plant, Petrochemicals, Ceramics and LPG DoE cleared the EIA plant or any other industry at the choice of the Investor. Connectivity: Road Connectivity: Only 1 km away from Dhaka-Chittagong highway; Rail Connectivity: 27 km away from Kamalapur Railway Station; Air Connectivity : 38 km away from Hazrat Shahjalal International Airport (HSIA); Port Connectivity: River port is quite adjacent to the MEZ and Chittagong Sea Port is 230 km away from MEZ. Employment Projection: employment opportunity is expected to be created more than 20,000.
Figure 18 : Factory building within the zone
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Meghna Industrial EZ Meghna Industrial Economic Zone (MIEZ) is located at ChotoShilmandi, Sonargaon, Narayangonj quite adjacent to the Dhaka – Chittagong highway with a gross area of 80 acres. This is the 2nd Economic Zone of Meghna Group.
Key site facts: BEZA awarded license to Meghna Total Land: Gross Area 80 Acres Industrial EZ on 11 May 2015 Meghna group invested US$ 14.92 Million Connectivity: Construction of Boundary wall is in Road Connectivity: Quite adjacent to Dhaka- progress Chittagong highway; Appointed TAS firm for Feasibility Rail Connectivity: Only 23 km away from study . Kamalapur Railway Station; Air Connectivity: 34 km away from Hazrat Shahjalal International Airport (HSIA); Port Connectivity: River port is 4 km away from the MIEZ and Chittagong Sea Port is 234 km away from MIEZ.
Suitable Industries: BOPP, Pharmaceutical Bottle, Ceramics, Garments, Garments accessories, Auto Bricks, Beverage, IT, IT Accessories etc. or any other industry at the choice of the Investor.
Estimated Cost of Infrastructure: $120 million for On-site Infrastructure and $3.5 million for Off-site Infrastructure.
Employment Projection: More than 10,000 employment opportunities is expected to be created.
Figure 19 : Master Plan of MIEZ
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Aman Economic Zone
Aman Economic Zone has a gross area of 150 acres (aprox). The zone has the potentiality to fulfill the conditions to become a successful economic zone with several number of industries of Aman Group located within this zone . The developer has a plan to attract foreign and other domestic investment to this zone. Key Site Facts: Location:Boidder Bazar, Sonargaon, Narayangonj zilla in Hariamouza, Choto Daho • Major Milestones: Bhugmouza & Sonamoymouza. Total Land: • BEZA awarded license to Aman EZ on 15 Gross area150 acres (approx.), 90 acres are February 2016 under construction & rest 60 acres are for • Aman group invested US$ 68 Million gradual. • Construction of Boundary wall, land development , Connectivity: administrative building is in progress Aman Economic Zone is well • Aman cement invested US$ 120 million connected to Dhaka & Chittagong. • Feasibility study and Master Plan have been 4 km from Mograpara Chow Rasta cleared by the BEZA towards Ananda Bazar Road to East, • DoE has been cleared the EIA
South east from Loknath Mondir at Barodi through LGRD road via connecting road to Sylhet Narsingdi Highway. Have convenient access through Meghna River.
Figure 20: Unit investment within the Aman EZ
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Bay Economic Zone
Bay Economic Zone is owned by Bay Group. Bay Group is one of the largest manufacturer and exporter of leather goods in Bangladesh. Bay EZ is focusing mainly on manufacturing and export of leather goods from the zone, followed by other industries.
Key Site Facts Location: Konabari within Gazipur Sadar Upazila of Gazipur district besides Dhaka-Tangail road. Total Land: 60 Acres Connectivity:
Road: Only 34 Km from Dhaka City & beside Milestones: BEZA awarded license to Bay EZ dated on 11 February 2016 Bay group invested US$ 63.38 Million Construction of Boundary wall, land development is in progress MoU is signed with 02 unit investors development , administrative building is in progress Joydevpur-Tangail Highway. Feasibility study report submitted to BEZA Airport: Only 22 km from Hazrat Preparation of EIA is in progress Shahjalal International Airport. Sea port: Only 292 Km from CTG sea port Rail:…………….
Employment: Total Employment 100,000 persons (Appox)
Proposed Industry: Leather product & Shoe,Shoe material & accessories, Agro Based,Food processing,IT Chemical, Electronic,Light Medical Equipment
Bay Economic Zone At a glance………. Excellent scope of Future Expansion Land is fully owned by Bay Group. Smooth Connecting Point with the sea port & land port through highway. Designed by highly experienced architect Fully supported by BEZA .
Figure 21: Conceptual Plan of Bay EZ
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Arisha Economic Zone
Arisha Economic Zone, owned by Maisha Group, is located at outskirt of Dhaka city and on the bank of river Turag under Keraniganj Upazila of Dhaka.
Key Site Facts Arisha Economic zone will be a multi-sectoral as well as closest EZ to the Capital city of Dhaka encompassing on area of 150 acres, plot size of 2000 sqm each.
Location • Washpur (Basila), Keraniganj Upazila of Dhaka district • Only approx 4 km away from National Parliament Bhaban • Desirable location for mid-level professionals and executives for civic facilities availability Connectivity • Located along the Mohammadpur- Keraniganj 120 feet highway • A major rail track for passenger and freight transport Kamlapur Railway junction only 15 km from the zone • Shahajalal International Airport is only 17 km from the zone • Adjacent to the Burigonga river, A dedicated jetty will be constructed with the zone • Chittagong Sea port 250 km, Mongla Sea port 150 km
Infrastructure Facilities Figure 22 : 3D picture of Arisha EZ
Site Development Works almost 80% completed, Rest 20% land filling is in progress Container Depot and Customs Office will be established Boundary Wall 80% completed, rest 20% construction work is in progress Admin Building 1st floor completed, another 10 floor will be constructed soon Fire Station, Medical Centre, STP, Five Star Hotel Facilities, Investor Club Suitable for Industries • RMG • Milestones: BEZA awarded license to • Light Engineering & Auto Parts Arisha EZ on March14, 2016 • Finished Leather Goods • Arisha group invested US$ 160.32 • Packaging Million • Aeronautical Component Industry • Construction of Boundary wall is in • Telecommunication progress • IT-enabled services • Appointed consultancy firm for feasibility • Electronics study and EIA. Automobile/Motorbike Assembly • 90% Land development completed
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G2G Economic Zones
G2G EZs are being established upon initiative by the government of a foreign country or the Government of Bangladesh and/or in partnership between Government of Bangladesh and Government of a foreign country.
We have received several requests from various Asian countries like, Japan, China, and India to develop G2G EZ. Up to now India has signed MoU to invest in 2 EZs, one in Kushtia (Bheramara), another in Mongla.
Indian G2G:
Kushtia Economic Zone
Located in Bheramara Upazila, Kushtia EZ has a total area of 477 acres. The proposed area is situated within the 1 km form Hardinge Rail Bridge and Lalonshah RoadBridge. Proposed EZ is well connected through river, road, railway and air. It is also near the Irshordi EPZ situated at the opposite side of the Padma River. The existing India-Bangladesh 500 MW electricity line is within 2 km, water source from Padma river is 1 Km away and gas line is within 5 km radius. BEZA signed an MoU with India for establishing Kushtia Economic Zones for the Indian investors. Mr. Paban Chowdhury, Executive Chairman, BEZA has signed the MoU on behalf of Bangladesh and Foreign Secretary Jaishankar signed on behalf of India.
The first meeting of the Bangladesh- India Joint Working Group (JWG) on the establishment of Indian Economic Zones (IEZs) in Bangladesh was held in Dhaka on May 10, 2016. Figure 23 : Meeting of the Bangladesh-India Joint Working Group (JWG)
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Mongla Economic Zone (Indian G2G)
The proposed site for Mongla economic zone shares close proximity (within 200 meters) with Mongla port, providing strategic advantage in terms of accessibility to various international market for trade.
The major export commodity handled in Mongla port includes jute, jute products, frozen food/shrimps, clay tiles, betel nuts majority of which will be handled in containers. The frozen economic goods exports have been increased since 2002 and is estimated that majority of the entire shrimp exports has been conducted through Mongla, about 70% of which is destined to Europe and the rest to the US. Further, there are few commodities such as coal, garments, leather, machineries etc. which are expected to be handled by the port in coming years on account of thrust and high traffic at Chittagong port. Clinker is one of the major components general imports through Mongla port‘s for the local cement plants that has been increased in last few years due to regional infrastructural development projects. Food grains, fertilizer, slag, fertilizer, gas, machineries and motor vehicles are other major commodities handled at Mongla Port, together accounting for ~90% of total imports. The potential of Mongla port has not yet been utilized like that of the Chittagong port. Government of Bangladesh is actively considering revitalizing the port to become a national port with capacity / activity comparable with Chittagong port.
Mongla also enjoys the advantage of being along the banks of an inland river, especially since inland water transport is a major mode of transportation in the country. Government plans to construct the Padma Bridge as part of the Bangladesh Southwest Road Network Development Project. Following the opening of new bridge road distance between Dhaka and Mongla will be reduced to 189 km, 74 km less than the present 264 km distance between Dhaka and Chittagong – and the road will be much less congested. The bridge is expected to revive the Mongla port, which is now operating at very low capacity due to the long travel time required to reach Dhaka and other key locations.
In order to exploit the above opportunities and advantages India Government has become interested to develpe one Economic Zone near Mongla Port to host investment exclusively from India.
BEZA signed an MoU with India for establishing Mongla Economic Zones. Paban Chowdhury, Executive Chairman, BEZA signed the MoU on behalf of Bangladesh and Foreign Secretary Jaishankar signed on behalf of India. Honourable PM Sheikh Hasina handed over a replica map of the Mongla EZ to the Indian Prime Minister Narendra Modi at Shapla Hall, PMO. India will extend credit facility for development of the EZs.
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Chinese G2G EZ:
Anwara-2 (Chinese Economic and Industrial Zone ) Chinese Economic and Industrial Zone will be the first specialized G2G economic zone, with an existing area of 774 acres. It has the potential to meet all the necessary conditions to become a successful Economic Zone. Once the economic
Figure 24 : Honorable Prime Minister with China President
zone is established, it is expected that there will be a huge Figure 25 Proposed administrative Building of CIEZ demand f or industrial plots, from potential investors. China Government has nominated China Harbor & Engineering Company Ltd. as the developer and a draft of SPC has been agreed with BEZA for development and operation of this zone.
The Zone has access to water transportation The site is suitable for export oriented industries due to proximity of largest sea port of Bangladesh. It is expected to create employment for 1, 00,000 youth.
Location: Anowara Upazila, Chittagong . Land area (acre) : 774.42 Multilane Tunnel is proposed under the River Karnaphuli. the multilane road tunnel shall reduce the travel time and distance from Chittagong to the CIEZ The CIEZ is located at a distance of 15 km from the Chittagong town. Chittagong railway station is located at a distance of 17 km from the CIEZ. The Port of Chittagong is the principal Port of Bangladesh. CIEZ is located at a distance of 18 km from Chittagong Port CIEZ is located at a distance of 20 km from Shah Amanat International Airport, Chittagong. Industries to be set up : Chemical , Automobile assembly , garments , pharmaceutical etc.
Figure 26 MoU with China Harbor Engineering Company Ltd
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Governing Board Meetings of BEZA
1st Governing Board Meeting
The Governing Board in its 1st Meeting held on 18 April 2012 with Honorable Prime Minister Sheikh Hasina in the chair resolved the following; A committee headed by Sr. Secretary, Economic Division, Ministry of Finance is was formed to finalize BEZA e Employees s Service r Regulations, 2012 ; A committee headed by Sr. Secretary, Economic Division, Ministry of Finance was formed to review the Bangladesh Economic Zones Operation Rules, 2012, to send it to the Economic Advisor to the Prime Minister and to send it to the Legislative and Parliamentary Affairs Division of Ministry of Law, Justice and Parliamentary Affairs with his observations for vetting; The following sites were selected for setting up Economic Zones: Mirsarai EZ , Anwara EZ , Sherpur EZ, Mongla EZ and Sirajganj EZ; A committee headed by Executive Chairman BOI was formed to primarily select the sites for future Economic Zones; The General Seal of BEZA was finalized; To avoid duplication in establishing special industrial area in different part of the country, the Principal Secretary would take appropriate measures for proper coordination among the Ministries/ Authorities working for establishing industrial areas; BEZA has undertaken initiative like promotional activities and study tours for reviewing development patterns, best practices and economic impacts of economic zones worldwide.
2nd Governing Board Meeting of BEZ
2nd Governing Board meeting held on 18 February 2015approved- setting up of 17 Economic Zones including 3 Private EZs; Incentive package for developers and unit investors; One stop service package; Bangladesh Private Economic Zones Policy.
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In that meeting decision were made that- G 2 G EZs with Japan , China and India could be established;. Bangladesh Economic Zones Act, 2010 and the Bangladesh Economic Zones (Appointmant of Developer etc.) Rules, 2014 should be amendment; The Governing Board also fixed up the fees for License, Application for Prequalification Letter and second Phase application for Final License for PEZ and the tenure of PEZ at 15 years with provision for its extension.
3rd Governing Board Meeting of BEZA
Following decisions were taken in the 3rd Governing Board meeting held on 27 July 2016: ; Beside the existing economic zone in Jamalpur, initiative had to be taken to establish new zone by creating land from river dredging; initiative had to be taken to establish zone in Narshingdi District where land could be purchased at a very low price; Suitable place was to be identified for establishing economic zone in Sandeep of Chittagong District; Beside the existing zone in Bhola District suitable place had to be identified from Government Khas land for setting up new EZ; Zone had to be established in new char land on priority basis rather using arable land; Measures had to be taken to increase the area of land in Patuakhali, Moinamoti, and Fulbaria, Mymenshing Economic Zones; Since in Ashuganj Economic Zone there existed high tension electric line land had to be searched in nearby place to establish Economic Zone; 24 sitswere approved for establishment of Economic Zones; To accelerate the process of establishing G2G Economic Zones, BEZA would coordinate with relevant department and agencies; Measures would be taken to amend the Bangladesh Economic Zones Act, 2010 in the next session of the Parliament; To activate One Stop Service of BEZA, a Policy had to be framed; BEZA had to prepare a standard manpower set up and to send it to the Ministry of Public Administration for approval; To attract investment, supply of Gas and Electricity and Internet required for the Economic Zones relevant Ministries would take necessary measures; To establish EZ in boarder area, Ministry of Foreign Affairs would take necessary initiative to start discussion with Myanmar and India; The draft of the Bangladesh Economic Zones(Appointment of Developer) Guidelines, 2015 was approve with instruction to publish it after vetting and approval of the Prime Minister.
4th Governing Board Meeting of BEZA In the 4rth meeting of BEZA governing Board- • High Power Committee was formed to determine land tariff for EZs managed by BEZA; • In-Principle Decision was made for enactment of One Stop Service Act covering BEZA, BEPZA, BIDA, HTPA and PPA; Administrative power was delegated to BEZA to declare
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Strategic aspects of partnering with BEZA
Apart from providing sites for Economic Zones, BEZA also takes care of other strategic aspects needed for development of these EZs. The Attractiv main features of these aspects have e One-Stop been summarized below. Most of Incentive Services Ready- s the land provided are hassle-free; Operations & made various preliminary infrastructural Maintenance Infrastructu Manual facilities will be provided to the re developers; whole set of attractive incentive packages awaits for the Proposed Amended investors; BEZA will act a central / Hassle- Legislati free Land Economi one-stop go-to entity for a vast ons gamut of clearances; appropriate c Zones legislations in the form of Acts and Rules are in place to render structural strength to the whole process.
(i) Hassle-free Land
BEZA is essentially developing a land-bank all across Bangladesh for developers and unit investors, resulting in well-connected industrial corridors spreaded across the country. BEZA is in the process of acquiring lands and will acquire ~25,000 acres of land by the next year. Land for most of the sites are hassle-free with minimum resettlement / rehabilitation issues. Most of the lands belong to government without major land acquisition problems. This eliminates any risk of incurring extra cost or socio- political turbulence for the developers and the unit investors.
(ii) Ready-made Infrastructure
All the sites are in close proximity to existing or planned ports, airports and National Highways, thereby establishing seamless linkages / connectivity. This is augmented by availability of fresh water, gas, electricity and readily developed land. BEZA will also provide some ready off-site infrastructure facilities at the sites, viz. access road, admin building, boundary wall, retaining wall etc. BEZA will also ensure supply of fresh water, gas and electricity and the construction of access roads and embankments for the EZ premises. The following entities will ensure the same:
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(iii) Attractive Incentives
BEZA would provide multiple incentives, other than infrastructure provision, to the developer of the Economic Zone as well as to a particular manufacturing unit. Benefits to the zone developer will range from income tax exemption to citizenship. The incentive structure for investor unit is also attractive, ranging from fiscal incentives such as exemption of taxes, custom / excise duties to non-fiscal incentives such as no FDI ceiling, work permits related and recommendation for Resident ship / Citizenship. BEZA has taken vast initiatives such as; One Stop Service , attractive Incentive Packages to attract domestic investors as well.
Incentive to Investors/Developers and its Circular
Table 1 : Incentives for EZ Developer
SL Incentive Explanation References 1 Income Tax Exemption for 12 years 1st 10 years – 100% SRO No 227-law/IT/2015 11th year – 70% 12th year – 30%
2 VAT Exemption on Electricity Extent -100% Approved in GOB, SRO yet to be issued. 3 VAT Exemption on local purchase Extent -100% Approved in GOB, SRO yet to be issued 4 Exemption of CD on import Extent -100% SRO No-208/law/2015/45/ Customs. MS Rod, Cement, Pre-Fab will not be exempted 5 Exemption of Stamp Duty & reg. Extent -100% SRO No R-6/IM-8/85(part-1)- fees for registration of land transfer 330 dt.23-12-15 6 Exemption of Stamp Duty on Extent -100% SRO No.7-law/2016 registration of loan document with Scheduled Bank 7 Exemption of Land Development Extent -100% SRO No.5-law/2016 Tax 8 Exemption of Local Govt. Tax( Extent -100% SRO No.333-law/2015 Union Parishad) 9 Exemption from enforcement of BOI Extent -100% SRO No.108-law/2015 Act in EZ
Table 2 : Incentive to investors
SL Incentive Explanation References 1 Income Tax Exemption for 10 Extent -100% SRO No 226-law/IT/2015 years (for 1st, 2nd , 3rd year) 4th year – 80% 5th year – 70% 6th year – 60% 7th year – 50% 8th year – 40% 9th year – 30%
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10th year – 20% 2 VAT free Import of Machinery, Extent -100% SRO No 209- Construction Materials. law/2015/46/Customs. 3 Duty free Import of Vehicle (One Extent -100% SRO No 210- Car, One Microbus- 2000 cc) law/2015/47/Customs. 4 Declaration of EZ as Ware Extent -100% SRO No 221- housing Station- Duty free import law/2015/48/Customs. & Export of Raw material etc. 5 IT Exemption on salary of Extent -50% SRO No 298-law/IT/2015 Expatriates -3 years 6 Exemption from Dividend Tax & Extent -100% SRO No 299-law/IT/2015 Royalty, Technical fees -10 years 7 Exemption from Local Govt. Extent -100% SRO No.333-law/2015 Tax(Union Parishad) 8 Exemption from land Extent -100% SRO No.05-law/2016 development Tax 9 Exemption from registration fees Extent -100% Circular -R-6/1 M-8/85(part-1)- on land transfer & loan document 330 10 Exemption from stamp duty for Extent -100% SRO No.07-law/2016 loan document created by Scheduled Bank 11 Exemption from stamp duty on Extent -50% SRO No- 06-law/2016 lease of land/space 12 Exemption of VAT Extent –Gas - 80% SRO No.168-law/2015/735- Water - 80% VAT Electricity - 80% Supplies - 100%
Table 3 : Unit Investors – Non-Fiscal
SL Incentive Explanation Reference 13 Repatriation of Capital & Dividend Extent -100% FE CircularNo.04 dt.14-2-16 14 No Ceiling of FDI Extent -100% FE Circular No (general )/ Industrial Policy 15 100% Backward Linkages of raw Extent -100% FE Circular No. 04 materials to sell for E0I 16 Sale of finished product to DTA Extent -20% Approved in GoB. Customs from EPA rules (EZ) yet to be published 17 Sub-Contracting with DTA Extent -100% Approved in GoB. Customs rules (EZ) yet to be published 18 Exemption of Double Taxation Subject to Double General IT Rules Taxation arrangement 19 Foreign Loan Extent -100% FE Circular (general) FE Circular no. 04 20 Remittance of salary by expatriates Extent -75% FE Circular no. 04 21 Repatriation of Sale proceeds of Extent -100% FE Circular- 32 non-resident owned equity 22 Repatriation of Royalty, Technical Extent -6% of Import FE Circular fees value of Machinery 23 FC Account for non-resident Extent - Full FE Circular (general)
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24 FC Account for local & JV Extent - Full FE Circular (general) 25 Formation of JV Extent - Full Industrial policy 26 Issuance of work permit 5% of total employee Approved in GoB 27 Transfer of shares by foreign Extent - Full SEC circular shareholder to local 28 Re-investment of remittable Extent - Full Industrial Policy dividend as new investment 29 Resident Visa with $1,00,000 Extent - Full Industrial Policy 30 Citizenship with $10,00,000 Extent - Full Industrial Policy
One-Stop Services ‗One stop services‘ (OSS) is one of the ways employed around the globe to facilitate investment. It is the way to enable domestic as well as international investors to submit regulatory documents at a single location and/or to a single entity, which in turn facilitate the investor to obtain necessary clearances. PwC (India), a consultant firm appointed by BEZA, has designed OSS services outlines based on which an OSS Act is being drafted now.
BEZA has taken the initiative to develop and initiate one stop service for investors. A total of 31 services has been identified which will provided by an automated OSS portal integrated in BEZA website. To provide OSS services, as some of the Zones are going through development, BEZA has planned to develop and initiate OSS in a phase by phase manner, initially services will be provided by a third party solution provider with per service per investor basis rental. It will be started with small number of initially required services then scale up as required. A research and development work will go on parallel for designing, development and testing of BEZAs own OSS system. Hardware like basic network solutions, server and storage units are on procurement stage which will initially act as the platform for the rental OSS and R&D. On the initial stage a MoU has been signed with a software development company to develop and provide five OSS service (Project Clearance, VISA recommendation, Work Permit Recommendation, Import Permit and Export Permit) on rental basis.
Establishing investment friendly environment To make the regulatory / clearance system investor friendly, BEZA is conceptualizing One-Stop-Service (OSS) mechanism which will provide the investor with a single point of contact for necessary regulatory clearances/registration required for setting up business in Bangladesh. BEZA will in turn coordinate with respective authorities to ensure time bound clearances and approval. The aim of the service will be to streamline and ease out the process of establishing business in its EZs. Also, having to deal with single authority is likely to get more transparency in the system. The figure below illustrates the key value proposition of OSS. Investors (Developers and Unit Investors) Government Reduction in time and effort Ease in ‘Starting a Business’: Bangladesh Cost saving through reducing potential is ranked 115th by World Bank, ahead of
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delays a few neighbouring countries; OSS may Smoother investment facilitation result in attracting investment and Easy access to information further stimulate industrial growth Transparent system of tracking the status of Bringing transparency and efficiency in approval the system Removal of redundancy as information is collected through Single Window Better adherence to government regulations
Current Developments 1. List of Services under BEZA’s Single Window BEZA has performed detailed study to shortlist services it would provide under its OSS. The authority appointed external party to study various Bangladeshi Laws, rules and regulation to identify clearance/approval required to set up business in Bangladesh. The study identified around 31 clearances/approvals from different government authorities and agencies. Some of these clearances are one-time in nature whereas the other requires renewal at defined intervals. It also conducted consultation with private organization and with government authorities to understand the challenges in the current approval processes. Their inputs provided insights on the challenges in the current process and hence, supported in shortlisting the list of services. Moreover, an international benchmark study was conducted to ensure that the services at BEZA are at par with OSS provided by authorities in other developing countries. The table below provides the shortlisted services that have been suggested to be included in BEZA‘s OSS. 2. Operational model for OSS
Apart from shortlisting the list of services, BEZA liaised with other government authorities and conducted workshop to design the operational model for OSS. The services under OSS will be delivered via one of the following modes: (a) In-house Clearance/Approval BEZA will develop in-house capacity and capability to provide few clearances. This would include services like Boiler Registration, approval for captive power plant, VISA recommendation etc. (b) Clearance to be provided by the developer with supervision from BEZA BEZA has a defined Building Plan Rules which provides directive on the structure of the building, on the electrical and water plumbing plan. Under BEZA‘s OSS, BEZA may provide developer the responsibility to ensure adherence to the code and hence, developer would provide clearance on building plan, water plumbing plan and electrical plan clearance to the unit investors. BEZA, in turn, will retain the rights to conduct audits to ensure adherence to the defined code. (c) Liaison with other Government Authority/Department For few clearances, BEZA would liaison with other government authorities. For instance, it would coordinate with department of environment for location and environment clearance, local authorities for VAT registration etc. Establishment of OSS would create an investment friendly environment and helps investors to avoid the hassle of dealing with multiple authority. Moreover, BEZA recognizes that OSS is an evolving process which needs to respond to policy alteration, technology improvements and change in the requirement of the investors. Hence, BEZA intends to regularly revisit and update the portfolio of services provided under OSS along with incorporating the impact of technological improvement on service delivery. To a great extent, the fate of zone initiatives has been determined from the outset, by the choices made in the establishment of policy frameworks, incentive packages, and various other provisions and
Annual Report 2016 Page 46 bureaucratic procedure. We hope that the introduction of OSS and attractive incentive package will perform their purpose of attracting investments for Bangladesh.
(v) Operations, Maintenance and Quality Assurance Manual BEZA has conceptualized preparation of Operations & Maintenance (O&M) Manual in order to set up guidelines pertaining to operations, management & maintenance and quality assurance for economic zones in Bangladesh. PwC (India) prepared separate manual for Mongla, Mirsarai-1, Mirsarai-2 and Sreehatta EZ. In any economic zone, area is demarcated into two parts viz. processing zone (development of land or premises for the intended industrial usage) and non-processing zone (development of support activities such as medical, educational, residential, lifestyle facilities). O&M Manual intends to provide standard guidelines of development and operation activities for land use pattern in both the processing and non- processing zone areas. Detailed provisions have been captured in this manual on various aspects such as: Industrial use, Commercial and amenities, Transportation use, Utilities and Green zoning etc.
Social and Environmental Compliance The Economic zones are set to contribute immensely in the economy in Bangladesh as well as socio economic development of the country. The Social Impact Assessment is one of the important compliances for establishment of Economic Zone. The SIA help to understand positive and negative social impacts of zone. The mojow social studies carried out by BEZA are in the followings: Prepared 08 social Screening Report e.g. Mongla , Shrehatta, Mirsarai, Dhaka SEZ , Sabrnag Tourism Park, Jaliardiwp SEZ, Narayanganj EZ and Anwara-2 (CIEZ) Prepared Social Impact Assessment (SIA) for Mongla , Shreehatta EZ , Mirsarai EZMirsarai-2, Sabrang Tourism Park, Jaliardiwp SEZ, Dhaka SEZ, Narayanganj EZ, Anwara-2 EZ (CEIZ). Prepared Abbreviated Resettlement Plan for Mongla EZ Prepared Resettlement Plan for Shreehatta EZ, Mirsarai-2, Dhaka SEZ, Narayanganj EZ, Anwara-2 EZ (CEIZ).
Preparation of Resettlement and Social Management Framework BEZA has agreed RSMF and Ethnic Minorities People Plan with World Bank as a precondition to utilize the fund under PSDSP loan agreement
Social Compliance for Mongla EZ BEZA have already been implemented the Abbreviated Resettlement Plan for Mongla EZ as a part of social Compliance. BEZA formed a grievance Redress Committee to answer queries and address complaints and grievances about any irregularities in using the guidelines adopted in the RSMF and for implementation of this ARP. Grievance Redress Committee (GRC) for the EZ consisting of members as suggested in the ARP to ensure proper presentation of complaints and grievances, as well as impartial hearings and transparent decisions. Based on consensus, the procedure will help to resolve issues/conflicts amicably and quickly, saving the aggrieved persons resorting to expensive, time- consuming legal actions. The RSMF contains certain procedural conditions, which BEZA will observe to safeguard integrity of the GRM.
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Environmental Compliance In the Environmental Arena of the ‗Bangladesh Economic Zones Authority‘ capacity had been built up in regard to environmental management and pollution control measures. Assistance was also carried in proper implementation of industrial pollution control measures, to coordinate with the TAS firms in carryout and approval process of Environmental Impact Assessment (EIA) studies for various proposed EZs. Coordination & supervision of the environmental safeguard actions as per the legal framework between WB & GOB was done as well as onsite guidance to the master Developers and the contractors on the implementation of EMP and the EMF.
4.2 Environmental Clearance status:
Economic Zone Status of Status of EIA Approval Remarks ToR of EIA
PPP Zones
Mongla Approved by DoE Approved by DoE on Monitoring is going on as on 29/03/2015 21/07/2015 per EMP of EIA
Mirsharai Approved by DoE Approved by DoE on Monitoring is going on as on 11/05/2015 26/11/2015 per EMP of EIA
Sreehatta Approved by DoE Approved by DOE on Monitoring will be going (Sherpur) on 11/05/2015 03/08/2016 on as per EMP of EIA
Mirsharai-2 Approved by DoE Prepared by TAS firm and Feasibility study is going on 02/05/2016 Reviewed by the respective and EIA has been committee submitted to DoE
Jaliar Deep EZ Approved by DoE Prepared by TAS firm and Feasibility study is on 13/06/2016 Reviewed by the respective ongoing and EIA has been committee submitted to DoE
Sabrang Tourism Approved by DoE Prepared by TAS firm and Feasibility study is Park on 13/06/2016 Reviewed by the respective ongoing and EIA has been committee submitted to DoE
Anwara-2 Approved by DoE Prepared by TAS firm and Feasibility study is on 13/06/2016 Reviewed by the respective ongoing after that EIA will committee be submitted to DoE
Dhaka SEZ Approved by DoE Prepared by TAS firm and Feasibility study is on 13/06/2016 Reviewed by the respective ongoing after that EIA will
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Economic Zone Status of Status of EIA Approval Remarks ToR of EIA
committee be submitted to DoE
Narayaganj Proposed TOR has Prepared by TAS firm and Feasibility study is been submitted to Reviewed by the respective ongoing after that EIA will DOE, will committee be submitted to DoE approved by August, 2016
PEZs
Abdul Monem Approved by DoE Approved by DOE on on 02/05/2016 03/08/2016
Aman Approved by DoE Approved by DOE on on 02/05/2016 03/08/2016
Meghna Approved by DoE Approved by DOE on on 02/05/2016 03/08/2016
Legal Framework of BEZA For rapid economic development of Bangladesh through industrialization, Employment generation, upgrading the production level, earning foreign currency by expanding the export it was an unavoidable necessity to establish an Authority to control and manage the setting up and operation of economic zones planned to be developed and maintained on Public -Private Partnership basis, by private sectors and Government initiatives. With that view, Bangladesh Economic Zones Act, 2010 (the Act) was enacted with provision, among others, for establishing an authority naming Bangladesh Economic Zones Authority, popularly known as BEZA. BEZA was established under Section 17 of the Act. For smooth administration and proper management of the activities in respect of Economic Zones, BEZA framed rules and formulated policy. Also for widening the scope of its activities, the Act and rules have been amended. For attracting the investors, a competitive incentive package has been declared. BEZA, with the support of the Project, has always been striving to bring improvement in the existing provisions of laws and rules-regulations and also to formulate new rules and policies for meeting the needs of the day, for protection of rights and interest of the investors and ,on the other hand, for facilitating BEZA to properly perform its regulatory functions.
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The Project took up the program for updating and enriching BEZA‘s legal instruments of for the purpose aforesaid, a Legal Consultant has been appointed. All the legal instruments, as of today, except Bangladesh Economic Zones Act, 2010 (Act No. 42 of 2010) have been Prepared and after observing the required process including discussion and sharing of views in the in-house meeting, inter-ministries meeting, scrutiny by special purpose committees, and vetting as was required case to case, those have been brought in to operation. The Bangladesh Economic Zones Act was passed in 2010. Thereafter its Authentic English Text was published as per requirement of Section 38 of this Act. The following are the major achievements of project’s legal wing during last three years: Framing of “Bangladesh Economic Zones (Appointment of Developer et.) Rules’ Section 38 of the Act, provides that, the Government, for achieving the objectives of the Act, may frame Rules. Accordingly, Bangladesh Economic Zones (Appointment of Developer etc. Rules, 2014 have been framed in Bangla version. For making it easily understandable to the foreign investors, its Authentic English Text, at the initiative of the Project, has been published. The rules covers many important principles including transparent competitive appointment of developer, tenure of the appointed developer, Qualification, Rights, privileges and Duties of developers, suspension and cancellation of developer‘s permit, Appointment of substitute developer, remedies of developer and Authority, interim management of the Economic Zones in case of cancellation of Developer‘s permit etc. A provision for formulation of guidelines for appointment of developers was very wisely incorporated in these Rules with another enabling provision that until guidelines are formulated, the Authority may, after obtaining approval of the Prime Minister, appoint developers in accordance with the Guidelines for Formulation, Appraisal and Approval of Large Projects, the Guidelines for Formulation, Appraisal and Approval of Medium Projects and the Guidelines for Formulation, Appraisal and Approval of Small Projects formulated under the Policy and Strategy for Public-Private Partnership (PPP), 2010 issued by the Prime Minister‘s Office‘s letter No. 03.068.014.03.00.005.2010 (Part-2) -323dated 1 August, 2010. However, the Authority did not sleep over the matter and, with the assistance of the Project, took up the task of formulation of guidelines before any unreasonable delay. The Guidelines for Appointment of developer:
As required under Section 4 0f the Act, The guidelines for Appointment of Developer was drafted. The Draft was finalized after sharing the views of a committee formed in an Inter-ministrial meeting, it being vetted by the Law and Parliamentary Affairs Division of the Ministry of Law Justice and parliamentary Affairs (LPAD of MoLJPA). the Guidelines has been publish though S.R.O. No. 44- Law/ 2016. The guidelines was finally titled as ―The Bangladesh Economic zones ―(the Procedure of Appointment of Developer) ― Rules, 2016, popularly Known as the Guidelines.
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This Guidelines is applicable to the Economic Zones and Special Economic Zones on Design, Build, Finance, Operate and Transfer (DBFOT) basis through Public-Private Partnership (PPP). Noteworthy that for Developer Agreement and permit etc. the guiding principles are contained in the Private Economic Zones Policy, 2015. keeping in tact the eligibility, rights, privileges and duties of the developer, the provisions of Rules 2014, these Guidelines are a complete set of rules to be followed from starting to end of the process of appointment of developer.
To make the process of appointment of developer transparent, a prohibitory clause against Corrupt, fraudulent, collusive, coercive, obstructive Practices have been incorporated and on the other hand principle of competitiveness has been ensured in these rules. The Rules provides for two stage process ( RFQ and RFP) with discretion of the Authority to follow only one Stage inviting process, where applicable. Provisions relating to Pre-application or pre-proposal meeting, site visit, addressing the request for clarification, amendment of RFQ, opportunity of Modification, substitution or withdrawal of application or proposal, etc. have made these rules flexible and on the other hand, the provision in respect of strict evaluation process basing on the set criteria has enriched these Rules to the optimum standard. The outline of what should be within the draft developer Agreement and moreover, the provisions of Vetting of draft Agreement has ensured a quality daft of the developer agreement acceptable internally and internationally. The Final approval by the Cabinet committee for Economic Affairs, as contained in the process of appointment of developer, will make the process more transparent and free from any kind of blemishes of arbitrariness on the part of the Authority.
Amendment of Law and Rules: A time needed steps
Amend of Bangladesh Economic Zones (Appointment of developer) (Rules, 2015.
Background: In the original Rules there were two major hurdles one of the Qualifications for being a Developer was ―(i) at least 3 (three) years‘ experience in establishing and operation of sole, multiproduct economic zone, special economic zone, industrial park or free port; and (ii) experience in designing of or financing in at least one economic zone, special economic zone, industrial park or free port within last 3(three) years (iii) the amount of gross revenue of 25 million US Dollar per year within last 3 (three) years for operation of economic zone, special economic zone, industrial park or free port ; and (iv) net worth of at least 10 (ten) million US Dollar‖.
It was foreseen that none of the Bangladeshi person or enterprise would be able to come forward to participate in the bidding process with the above two qualification Criteria, as none of them have such experience as sought for t in the rules. Hence, initiative was taken for bringing changes in the rules incorporating also other criteria also make the opportunity of competing in the bid only by economically
Annual Report 2016 Page 51 sound person or enterprise modification in the amount of gross revenue has been made. After amendment, the present qualification Criteria is “(a) experience in establishing and operation of sole, multiproduct economic zone, special economic zone, industrial park or free port and operation thereof, or experience in development, construction of infrastructure, management and operation of any large project ; (b) experience in designing of or financing in at least one economic zone, special economic zone, industrial park or free port or any large project (c) the amount of gross revenue of 10 (ten) million US Dollar per year within last 3 (three) years for operation of economic zone, special economic zone, industrial park or free port or any large project ; and (iv) net worth of at least 25 (twenty five) million US Dollar‖.
The positive impact of the above amendment is a large number of Bangladeshi enterprises, in consortium with other local entities have been coming forward to participate in the bids for appointment of developer with an intent to establish economic zones in Bangladesh.
Amendment of Bangladesh Economic Zones Act: A well thought endeavour for G2G initiatives between Government of Bangladesh and government of Foreign countries and also between BEZA and other Government organizations.
As envisaged under original Section 4 of the Act, there were four categories of Economic Zones, namely- (i) Economic Zones established through public and private partnership by local or foreign individuals, body or organizations;(ii)Private Economic Zones established individually or jointly by local non-resident Bangladeshi or foreign investors, body, business organizations or groups; (iii) Government Economic Zones established and owned by the Government; and (iv) Special Economic Zones established privately or by public-private partnership or by the Government initiative, for establishing any kind of specialized industry or commercial establishments. As the Government of some foreign countries including Japan, China and India were showing their interest for joining hands with the Government of Bangladesh for setting up, operation and expansion of Economic zones in Bangladesh, the Government of Bangladesh found reasons, for rapid economic development of the country, to procced together with a further view that Bangladesh may Take G2G initiatives with Government of any foreign country, if found beneficial for Bangladesh. Secondly, BEZA took into consideration the fact that some Government organizations have un-utilized fund and/or land and/or expertise that can well be utilized for the interest of country‘s economy by developing and operating Economic Zones in collaboration with those organizations.
But the Law, as cited above, was not supportive of establishing Economic Zones on G2G basis and on joint initiative of BEZA and other Government organizations. Necessity therefore arose to go for amendment of Law. As BEZA required, full assistance from the legal wing of the project was provided
Annual Report 2016 Page 52 for drafting the amending Act. Overcoming all the procedural stages, the draft Act was presented as a Bill which has been passed by the Parliament as the Bangladesh Economic Zones (Amendment)Act, 2015 (Act No. 29 of 2015) and it has come into force at once.
By the abovementioned amendment wide scope has been created to establish, operate and expand Economic Zones in Bangladesh at the initiative by or in partnership between the Government of Bangladesh and the Government of other countries or any Industrial entrepreneur and also at the initiative by and in collaboration or partnership between BEZA and one or more Government Corporation, Authority or Enterprise.
While under ther the original provision no land under jurisdiction of any City corporation, Paurashava and Cantonment Board could be declared as Economic zone , now after bringing change to that provision, any such land can be declared as economic zone for the public interest exclusively for the purpose of establishing Information Technology related Economic Zone has been brought by the amending law that also any land can be
By the said amendment a special procedure has been laid down for implementation of any of the above initiatives.
Publication of Authentic English Text of the Bangladesh Economic Zones(Appointment of Developer et.) Rules.
To meet the gradually increasing demand particularly from the representatives of interested foreign investors, and also to fulfill the requirement of rule 15 of the original Bangla Version, the Authentic English Text of Bangladesh Economic Zones(Appointment of Developer et.) Rules, has been published, it being Drafted with the project Assistance and finally vetted by the LPAD of MoLJPA. the English version of the Rules is equally authentic as its Bangla Version , but in case of any contradiction between the two the Bangla text shall prevail. the English Version of the rules has made the easily understandable to the interested foreign investors.
Promulgation of Private Economic Zones Policy: A self-contained guidance for Private Economic Zones:
A remarkable achievement of BEZA and the Project is that the Project at the reuirement of BEZA could complete the Draft Pivate Economic Zones Policy in Banglaaand finalized it after getting it vetted from the LPAD of MoLJPA. The Policy entitled ―Bangladesh Private Economic ZonesPolicy,2015‖ was published in April, 2015 by S.R.O No. 82- law/2015. Its English Text was published by S.R.O No.354 law/ 2015.
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In the Policy , Emphasis has been given, among others, to the provisions relating to application procedure, Principle to be followed in declaring Private Economic Zones and awarding License to the applicant, rights and obligations of the Licensee, developer, Operator, User and Residents, causes for cancellation of license, providing all necessary permits, clearances et. through one Stop Service Office, Environmental Protection, safeguards of rights of the workers etc. This Policy has been facilitating the prospective applicants willing to establish Private Economic Zones in properly following the process and, on the other hand, indicating the appropriate ways to the concerned officials of BEZA to perform their regulatory functions in respect of Private Economic Zone under the set policy and procedure.
Legal Reforms Underway
One Stop Service Act:
According to Section 12 of the Bangladesh Economic Zones Act the Authority has a responsibility to make arrangements to facilitate the economic zone developers and industrial units in respect of legal documents which include permission for Economic zone site selection, declaration of economic zones, clearances, certificates, certificate of origin, permits for repatriation of capital and dividents, resident and non-resident visa, work permit, construction permit etc through One Stop Service Office. Also Articles 18, 19 and 20 of the Bangladesh Private Economic Zones Policy have laid down a narrative guidelines for ensuring all kinds of services for the Private economic Zones by the One Stop Service Office to be established by the Authority at its Head office and Branch Offices. With a view to provide time-bound accelerated services as required by the act and Policy by One Stop Service Office, A draft One Stop Service Act has already been prepared ans it is in the Process of finalization. Hopefully this Act, will diminish the unreasonable delay in getting necessary permissions and clearances needed for setting up, operation, maintenance and expansion of the economic Zones.
Building Construction Rules:
Sensing the necessity of ensuring the quality construction in developing the Economic Zones a set of regulatory rules have been drafted in the name ―Bangladesh Economic Zones (Construction of Building) Rules‖ keeping in view the special requirements for construction of building and other infrastructure. It is under process of finalization. Expectedly these rules will guide the Developers and the Authority in construction of building and infrastructure according to the international standard.
Improvement of legal documents: a target which is being achieved with the experiences acquired gradually:
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The draft ―Request for Proposal‖ document was prepared earlier. while applying it in practice it was examined and modified as required for the particular Economic Zone. The draft Developer Agreement being a very important document, it was taken care of before finalization. examination re-examination and vetting by the LPAD has made this document well workable. A plan is there to bring further modification in the Draft RFP and Developer Agreement in case of zone-specific necessity and also strive to prepare a standard RFP documents containing a draft of standard Developer agreement , and as required by Clause7 of the Bangladesh Economic zones (the Procedure of Appointment of Developer) ― Rules, 2016.
Preparing the format of Letter of Award, Pre-qualification letter etc.
By the assistance of the Project BEZA has developed the format of letter of award which has been awarded for Mongla Economic Zone. It will be used for other Economic Zones with necessary modification.
The format of Pre-qualification letter to be issued to the applicants for establishing Private Economic Zone has been prepared by the project‘s assistance.
Providing legal opinion on matters involving legal issues: a readily available legal assistance provided through the Project.
In performing the functions BEZA and Project Authority had to face matters involving legal issues where legal opinion was asked for. The Legal Consultant of the project has provided legal opinion on various legal issues both in writing and sometimes verbally while sharing in the meetings.
Drafting memorandum of Understanding (MoU):
While rapidly proceeding ahead, BEZA had to sign MoU with other entitie(s). The Draft of MoU have been prepared and finalized after necessary modification by the legal side of the Project. The Draft MoU sometimes sent by the counterpart entity was examined and finalized by project‘s legal wing.
Steps for disposal of court cases:
As required by BEZA, the Legal Consultant of the project took necessary steps in the Courts. as a result, two long pending writ cases could be disposed of protecting the interest of the Government.
Preparation and publication of the SROs for Exemptions, incentives and benefits : A well-timed declaration for attracting the developers and investors:
Section 13 of the of the Bangladesh Economic Zones Act has empowered the Government to exempt any Economic Zone or any organization thereof from application of all or any provision of all or any act as
Annual Report 2016 Page 55 listed in that section or to pass order that any Act or any provision thereof, in its application in the Economic Zone, be subject to such modification or amendment as may specified therein. According to the spirit of the said provision a number of draft notification was prepared by the legal wing of the project and the Government has published in the official gazette.
The incentives declared by the Government has created an investment friendly environment encouraging thereby the local and foreign investors to invest in the Economic Zones of Bangladesh.
The Project has always been supporting BEZA in updating and enriching its legal framework. The Legal Consultant has performed his part in the above activities. The opinion and views of all other concerned officials of BEZA has contributed a lot in the process. The Present Project director by sharing his knowledge and experience and by his valuable advice fortified by relentless personal care has accelerated all the process. The present Executive Chairman has explored the innovative ideas and instructed to initiate the reforms without any delay. His prudent guidance, sharp scrutiny, active supervision and dynamic leadership with a sense of patriotism has encouraged al concerned to strengthen BEZA‘s Laws rules ,policy and other legal documents. The appreciable support of the World Bank has facilitated the legal wing of the Project in properly and efficiently discharging the duties.
Enriching the law is a continuing process. BEZA‘s case is not any exception. Still, so far BEZA as a new-borne institution has achieved, BEZA may legitimately claim that it has now a stronger legal framework.
Feasibility Study BEZA has already completed 4 feasibility study for Mirsarai, Shreehatta , Anwara EZ by Japan Development Institute and Mongla EZ by PwC. BEZA has also engaged 03 (three) reputed consulting firms: i) The Consortium of DOHWA Engineering Co. Ltd., SGI Consulting Incorporated and Young Consultants Ltd. from South Korea for Anwara EZ-2 (CIEZ) and Sabrang Tourism Park ii) The Consortium of Unicunsult and SPC. from Germany for Jaliradiwp EZ and Narayanganj EZ and iii) IIFC from Bangladesh for Mirsarai EZ-2 and Dhaka SEZ.
Review of Private Economic Zone Feasibility Study Report As per private EZ policy, private EZ will prepare feasibility study report and BEZA will approve the feasibility report. Support to Capacity Building of BEZA project assisting to BEZA to review the feasibility study report. A K Khan Economic Zone , Abdul Monem Economic Zone, Meghna Economic Zone and Aman Economic Zone and another 03 feasibility study report (Bay Economic Zone, Arisha Economic Zone and Meghna Industrial Economic Zone ) approval is under process.
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Initial Site Assessment BEZA conducted Initial Site Assessments for 21 sites by the TAS Firm – PricewaterhouseCoopers, PwC, India (Mahindra Consulting Engineers Ltd, MACE) was the sub-consultant. The assignment covered site survey, context surrounding each site, landscape, soil, climate, vegetation, industry activity, on-site and off-site infrastructure available, environmental issues, social aspects, interaction with government officials and private sector, ranking of the sites, and indicative cost estimations. The sites were as follows:
SN EZ/SEZ Location (Upazila & District) Approximate Land Area (Acre) 1 Narayangonj Narayangonj 885 2 Panchgarh Panchgarh 610 3 Anowara-2 Chittagong 774 4 Dhaka SEZ Karanigonj, Dhaka 105 5 Sabrang Tourism Teknaf, Cox‘s Bazar 1,027 6 Dhaka (Dohar) Dohar, Dhaka 316 7 Bhola Sadar Bhola 304 8 Kushtia Bheramara, Kushtia 477 9 Nilphamari sadar Sadar, Nilphamari 323 10 Manikgonj Shibalaya, Manikgonj 300 11 Shariatpur Jajira, Shariatpur 525 12 Jaliar dip Teknaf, Cox‘s Bazar 271 13 Ashugonj Ashugonj, B.Baria 328 14 Agailjhara Agailjhara, Barisal 300 15 Shariatpur Goshairhat, Shariatpur 750 16 Cox‘sbazar Moheshkhali, Cox‘sbazar 8,784 17 Moheshkhali-1 Moheshkhali, Cox‘sbazar 1,438 18 Moheshkhali-2 Moheshkhali, Cox‘sbazar 827 19 Moheshkhali-3 Moheshkhali, Cox‘sbazar 676 20 Narayangonj-2 Sonargaon, Narayangonj 1,000 21 Natore Lalpur, Natore 3,220
Investment Promotion abroad and Study Tour Introduction BEZA is committed to attract Foreign Direct Investment (FDI), promote export and create employment through establishment of Economic Zones in Bangladesh. To bring the industrial investments in our country and the best practices of operations, ―Support to Capacity Building of BEZA‖ Project conducted so many international tours to enhance its understanding of industrial development around the world. As part of this endeavor, this project has taken several visits to several industrial zones/facilities of develop and developing countries. Through those tour there is a strong opportunity to share the experience to
Annual Report 2016 Page 57 establish EZs in our country. Further, those visits was also utilized to meet with the foreign investors of those visited countries and to attract them in choosing Bangladesh as an investment destination.
Objectives/ Aims of Study Tour Meet with potential investors from the Non-Resident Bangladeshi (NRB) and encourage them to invest in the EZs of Bangladesh. Attract the Foreign Investors and motivate them to invest in the EZs of our country and become a developing partner. Meet with government representative for G to G level negotiation for the foreign investment in our country. Gather practical knowledge for establishing EZs in Bangladesh. Share the experiences regarding EZs management system and one-stop service.
Visited Countries & Economic Zones (EZs)
BEZA delegates has visited the Economic Zones of United Kingdom (UK), Indonesia, Malaysia, Singapore, India, Thailand, Philippines, Japan, United States of America (USA), China & Hong Kong and also share the experience with the EZ’s authority of those countries.
Key Takeaways from Study Tour Program Key takeaways from the “Study Tour/ Investment Promotion Program” organized by this Project is given below and BEZA may consider it for the development of EZs in our country. Most of the visited EZ‘s/Industrial Estates are an integrated city with all the facilities (such as residential complex, hospitals, educational institutes etc.) inside the city. BEZA may plan to develop the proposed EZ‘s in the similar way where all the facilities can be planned within one campus. BEZA may consider aggressive marketing and investment promotion strategies to attract some anchor units in the EZ‘s. There can be secondary revenue sources from the SEZ apart from selling/ leasing/ renting the land/ premise. BEZA may consider of similar alternate revenue sources (utilities, internal transportation). Customs Clearance and Regulating Authority‘s office present in all EZ‘s/Industrial Estates visited. The same are constructed by the developer of the SEZ. The developer also provides accommodation for officials of the Regulatory Authority and Customs who operate out of the SEZ. Most of the zones had CCTV surveillance systems located at strategic locations across the SEZ. One Stop Service centers are completely operational in both these countries. Philippines has everything electronically managed and Thailand manually. Clark Freeport zone had an international airport located inside the zone. EZA may evaluate such options by identifying land parcels which could house an International airport within the zone. The Non-Processing areas of the zones were exceptionally well utilized by the developers. Banks, 5 star hotels, housing complexes, malls, casinos, other recreational facilities all present in the SEZ. Regulatory Authority Call centers operate 24x7 inside the SEZ. Thereby reducing the chances of a major accident at the SEZ. Employees operate in shifts. BEZA may evaluate considering the same. IEAT, Thailand had a fully operational ―Operations Centre‖ located at their head office in Bangkok. This operation center works 24x7 and closely monitors activities through CCTV cameras across the Industrial Estates. As a pilot, IEAT has done this in 2 Industrial estates. This center monitors
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industrial estate and factories inside them for efficient management of environment and safety issues. Fire brigade and Police station were present inside the zone. Marketing of the zones to attract locators/unit investors was jointly carried out by the regulating authority and the private developers. BEZA may also consider working jointly with the developer of EZ‘s in Bangladesh For IT/ ITES industry, India is progressing by leaps and bounds. Bangladesh needs to develop on the IT/ ITES front and for that it needs to promote the IT and High-Tech SEZ‘s aggressively. In the next NASSCOM event, Bangladesh may think of organizing/ sponsoring a separate workshop topic on opportunities in Bangladesh- this will provide extensive coverage to Bangladesh in the global IT arena. Bangladesh may consider aggressive investment promotion and marketing activities for IT/ ITES industry in the country and for the planned/ developed IT SEZs. MWC is the first integrated city of India and the functional aspects of the SEZ PPP model (11%- 89% share between TIDCO-Mahindra) followed there can be replicated in Bangladesh. MWC is a multi-sectorial SEZ with focus on three broad sectors: IT/ITES, Textile and Auto- ancillary. The evolution of this SEZ and the practices/ standards adopted there can be benchmarked in the case of the SEZs proposed by BEZA. MWC is an integrated city with all the facilities (such as residential complex, hospitals, educational institutes etc.) inside the city. BEZA may plan to develop the proposed EZ‘s in the similar way where all the facilities can be planned within one campus. BEZA may consider aggressive marketing and investment promotion strategies to attract some anchor units in the EZ‘s. BEZA may consider discussions with the private EZ owners/ developers to plan EZ‘s inside the main Dhaka city &/or in the suburbs where small land parcels are available adjacent to the residential areas. These land parcels can be developed as commercial hub, single sector SEZ (especially IT/ ITES SEZ). There can be secondary revenue sources from the SEZ apart from selling/ leasing/ renting the land/ premise. At Hiranandani SEZ, bus service is available, which is a profit making source of earning for the developers. BEZA may think of similar alternate revenue sources. Rental rate is INR 95 to 120/ sq. ft. for IT firms and for the non-processing zone, land price is USD 500 to 750/ sq. ft. Ease of doing business: Unique in offering Free Zone and Non Free Zone jurisdiction. One Stop Shop for business formation. Quick and effective service. Political and economic stability. Non restrictions of hiring expatriates. Fixed exchange rate against US$. Duty free trade across GAFTA (Greater Arab Free Trade Agreement) countries. UAE has double taxation avoidance agreements with 55 countries.
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Investment Promotion & Road Show within the country
Stakeholder consultation and investment promotion are important elements behind development of economic zones to define or adapt project configurations. An economic zone developed in public-private partnership mode is typically an inter-government responsibility, as it involves several infrastructure linkages (such as connectivity and utility connection etc.) like road, rail, air, power, water supply, optical fiber etc. Further to the same, active participation of the private sector is pivotal for the development of economic zones. BEZA‘s role to enhance inter-government interactions effectively, in communication with other government agencies, is also important. The process of regular contact with government stakeholders and business communities would enable BEZA to understand business and incentive needs and investment trends and subsequent action can be formulated accordingly. Investment Promotion Road-Shows and Stakeholder Consultation activities undertaken by BEZA are crucial to develop congenial relationship between the private sector and the government authority. Chittagong road-show is envisaged to be organized for achieving the following stated objectives: Spreading Awareness about: Development of EZs under Public-Private Partnership (PPP) and Private implementation models for prospective developers The various ongoing activities and initiatives of BEZA Exploring potential opportunities w.r.t. prospective developers and unit investors who will be invited at the road-show Information dissemination among the investors about economic zones in Bangladesh Obtaining feedback from the investors to assess their requirements, factors influencing investment decisions and support sought by the private sector from the government Key messages of the Road-Show Strategic benefits of partnering with BEZA Apart from providing sites for Economic Zones, BEZA also takes care of other strategic aspects needed for development of these EZs. The main features of these aspects have been Attractive One-Stop Incentives Services summarized below. Most of the lands provided are hassle-free; various Ready-made Operations & preliminary infrastructural facilities will Infrastructur Maintenance be provided ready-made to the developers; e Manual a whole set of attractive incentive packages awaits the investors; BEZA will act a central / one-stop go-to entity for a Proposed Amended Hassle- vast gamut of clearances; a detailed Legislation free Land Economic operations & maintenance manual has Zones s been designed specifying each operational parameter; appropriate legislations in the form of acts and rules are in place to render structural strength to the whole process. Such benefits will reduce the upfront cost of the investors to a great extent, and will help in enhancing their returns. The features of incentives, one-stop services and infrastructural facilities would be discussed in greater detail in the road-show. Competitive incentive package BEZA, within the scope of the enabling provisions of sections 10, 11, 12 and 13 of the BEZA Act, has taken measures to provides multiple incentives to the developer of the EZs as well as the investors in a particular industrial unit which includes, among others, fiscal benefits, such as exemption of taxes, custom/excise duties and non-fiscal incentives, such as no FDI ceiling, work permits and residentship /
Annual Report 2016 Page 60 citizenship. As initiated by BEZA, the Governing Board has approved incentive packages under 8 heads for the Developers and under 26 heads for the EZ Users/ Unit Investors. 6 SROs have already been notified in the official Gazette, while others are under the ongoing active process of such notification. This attractive Incentive Packages will encourage Developers and the Investors. One Stope Services The OSS services can either coordinate with other agencies to obtain the approval or attain legal authority to provide approvals on behalf of other government authorities. The decision to undertake either of the courses depends on multiple factors, including political willingness, competency and capacity of the OSS center or nodal agency. Additionally, documents (as highlighted in figure above) for any approval or any registration can either be submitted in physical or electronic format. As can be seen, BEZA offers quite competitive incentive packages w.r.t. its neighbouring economies. BEZA also referred to the EZ packages usually offered at its neighbouring economies like India and China and has adopted some best practices as enunciated below:
Investment in world-class infrastructure for smooth operation of upcoming EZs Offering of tax incentives to the participants in the EZs Redesign of the bureaucratic approval structure to reduce complexity Limiting the times required for each step in the approval, accelerating the procedure Ability to invest for manufacturing products in SEZ for domestic distribution Allowing foreign entrepreneurs as well as individuals to invest in the EZs Privileges on import of machines, raw materials, components and instant products Discounts and tax exemption, foreign currency account balances Transferring profits outside the country, land use rights Benefits for Residents of foreign business, family and followers, etc. Encouraging foreign investment by SEZs in Shenzhen, Zhuhai, Shantou and Xiamen
Investment Promotion Road-Show, Chittagong This was the one of the success event conducted by BEZA on 29 November 2015 for promoting its EZs to the investor community, mainly located in and around Chittagong. The event was attended by more than 170 invitees including the private sector, government officials and the media personelle. The event mainly centered on the need for EZs in the present economic scenario of Bangladesh and how these can be potential tools for propelling the economic engine of the country. At the same time, it would be a win- win situation for the investors who would receive attractive incentives from the one-stop service offred by BEZA. The event was well-covered by the media. Cabinet Secretary Mr. Mohammad Shafiul Alam attended the programme as chief guest. Md Shahidul Haque, secretary of Legislative Inaugural and Parliamentary Session Affairs Division, and Mahbubul Alam, Business Session 1 president of Chittagong Chamber of Commerce and Business Session 2 Industry, were present as special guests, presided over by BEZA executive chairman Mr. Paban Chowdhury. Cabinet Secretary Mohammad Shafiul Alam said the
Annual Report 2016 Page 61 Figure 28: Investment Promotion Road Show at Chittagong EZs could be the key driver of economic growth and employment generation, and could be the major factor in transforming Bangladesh into a middle-income country by 2021. He also said, The availability of large hassle-free lands is important to set up EZs. BEZA executive Chairman MR. Paban Chowdhury Said, Industrial units can be set up within two years in the first economic zone developed on 550 acres in Mirsarai upazila. He also said that the construction of an access road to the zone has already started and Mirsarai EZ will be first planned industrial district in Bangladesh.
Participants Attendance Private(Forei Government( Number of Attendees (%) gn) Non BEZA) The show was attended by TAS firm BEZA 2% 14% Private(Foreign) various delegates from Private, 6% 8% Govt. organizations as well as Government(Non people from print media. It was BEZA) dominated by Private companies; 47% people were Media from private sector. 23% Private(Dome stic) 47%
Investment Promotion Road-Show, Dhaka
The key objective of the road show was to create awareness among private-sector investors from home and abroad and to promote the upcoming economic zones' projects to the potential zone developers and unit investors.
Principal Secretary Mr. Md Abul Kalam Azad attended the programme as chief guest. Senior secretary at the Finance Division Mahbub Ahmed, Secretary of the Prime Minister's Office (PMO) Suraiya Begum and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Md Siddiqur Rahman also attended the inaugural session, presided over by BEZA executive chairman Paban Chowdhury
Figure 29 : Participant at the Road-show, Dhaka Dr Qazi Kholiquzzaman Ahmad, chairman of Palli Karma Sahayak Foundation (PKSF), chaired its business session titled 'investment opportunities in EZs and role of economic zones'.
Professor Mustafizur Rahman, executive director of the Centre for Policy Dialogue (CPD), spoke on investment climate in Bangladesh. Mohammed Shoheler Rahman Chowdhury, manager of BEZA, presented a paper on 'EZ regime and its dimension'. Manish R Sharma, partner, Pricewaterhousecoopers Ltd, described 'financing EZ development and its commercial aspects'. ASM Mainuddin Monem, Figure 30: Business session of Road Show , Dhaka Annual Report 2016 Page 62
Managing Director of Abdul Monem EZ Ltd, gave a presentation on role and importance of private EZ.Shoichi Kobayashi, chairman of Japan Development Institute (JDI), gave detailed work plans on infrastructure development and FDI in EZ.
Participants from government and business community, including representatives from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Metropolitan Chamber of Commerce and Industry (MCCI), and development partners like the World Bank (WB), the Asian Development Bank (ADB), the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) attended the investment conference. .
6.5.1 Attendance
The show was attended by various delegates from Private, government organizations as well as people from print media. It was dominated by Private
companies; 52% people were from private sector.
Figure 31: Mr. Md. Abul Kalam Azad, Principal Secretary at Dhaka Road Show.
Collaboration with others an Investment Road Show
International Investment Promotion & Road Show
Bangladesh Roadshow UK 2015 has got underway at London‘s Winter Garden Canary Wharf in a bid to attract foreign investment.
The two-day event started on 10th September 2015 with the welcome address from Bangladesh‘s High Commissioner to the UK Md Abdul Hannan
Mr. Abul Kalam Azad, Principal Secretary, Prime Minister‘s Office spoke on the investment Figure 32. Bangladesh Investment Roadshow UK 2 opportunities in the country at the event. He made a pitch for environment-friendly investment in Bangladesh.
High Commissioner Hannan said many investors had shown interest to bring funds to power, energy and infrastructure sectors in. Bangladesh Economic Zones Authority was co-organizer of the event.
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Bangladesh Investment and Policy Summit
To support the government‘s initiatives to enhance investment environment and attract investors, BUILD, Board of Investment and the Prime Minister‘s Office have come together to jointly organize a forum for both private sector investors and the government to engage in dialogue and exchange latest policy developments, promote investment opportunities in Bangladesh and explore ways to make the business climate more business-friendly.
Objectives
To highlight latest policy developments for private sector growth in Bangladesh To showcase private sector investment opportunities in key sectors in Bangladesh and demonstrate opportunities for potential value addition in those sectors for a sustained economic growth of Bangladesh.
Outcomes of the conference Bangladesh Investment & Policy Summit 2016 aims to secure public and private sector commitment for catalyzing an integrated approach to policy and to obtain the institutional and investment changes required to reduce the policy gaps prevail in the country. Besides there are some other following outcomes was:
Better knowledge on business- sensitive policy design and implementation; Exchange of ideas among policymakers and policy reformers and increased trust between them; National and international investors with better knowledge on investment opportunities and policies on foreign/regional investments.
Venue and Date
Board of Investment (BOI), Bangladesh Economic Zones Authority BEZA), Business Initiative Leading Development (BUILD) and Prime Minister‘s Office (PMO) are jointly organizing Bangladesh Investment & Policy Summit: on January 24-25, 2016. The summit will be held in Radisson Blu Water Garden Hotel Dhaka. Honorable Prime Minister of Bangladesh, Sheikh Hasina was the Chief Guest of the conference.
4th Bangladesh Investment Summit, Asia The 4th Bangladesh Investment Summit is take place in Hong Kong on Tuesday (26 April 2015) to examine trade and investment opportunities for Asia‘s sovereign wealth funds, public and private pension funds and other financial investors in Bangladesh‘s market. Finance minister Abul Mal Abdul Muhith was present the keynote speech on the vision for Bangladesh‘s future, while the prime minister‘s energy advisor Tawfiq-e-Elahi Chowdhury was present a keynote on the energy outlook for Bangladesh. Chief economist of Bangladesh Bank Biru Pakksha Paul spoke on monetary policy for the future in Bangladesh. Mr. Paban Chowdhury , Executive Chairman of spoke on investment opportunities in Bangladesh .
The panel discussions at the summit cover power and energy, export potential and ICT development, investing in the economic zones, investment
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opportunities for foreign investors in Bangladesh, PPP and their role in Bangladesh, and Bangladesh capital markets.
Inauguration of Development Activities of 10 Economic Zones
The key objective of the inauguration was to create awareness among private-sector investors from home and abroad and to promote the upcoming economic zones' projects to the potential zone developers and unit investors. The inauguration of development activities of 10 economic zones held on 28 February 2016 , aiming to boost both foreign and domestic investment in the country. Honorable Prime Minister Sheikh Hasina formally inaugurated the development activities at a function at Bangabandhu International Conference Centre (BICC).
The Figure 33: Honeralbe Prime Minister Sheikh Hasina eco formally inaugurates the development activities of 10 no economic zones at a function at BICC in Dhaka on mic Sunday, February 28, 2016 zon es are -- Mirsarai Economic Zone, Sabrang Tourism Park, Srreehatta Economic Zone, Mongla Economic Zone, AK Khan Economic Zone, Abdul Monem Economic Zone, Meghna Economic Zone, Meghna Industrial Economic Zone, Bay Economic Zone and Aman Economic Zone. Figure 34 : Investors participate a photo session with Industries Minister Amir Hossain Amu and Planning Honorable Prime Minister Sheikh Hasina Minister AHM Mustafa Kamal addressed the function as the special guests, while Housing and Public Works Minister Engineer Mosharraf Hossain joined the videoconferencing from Mirsarai Economic Zone, Chittagong.
Honorable Prime Minister‘s Sheikh Hasina said: ‗I would like to urge local people to extend cooperation so that the investors could build the (economic) zones in a faster pace and 'beautiful atmosphere', and thus would help establish a hunger and poverty-free prosperous Bangladesh.‘
Prime Minister‘s also said "I would like to inform you all that as many as 100 economic zones will be established across the country in the next 15 years. That will increase export earnings by 40 billion U.S. dollars and generate about 10 million additional employments.
Honorable Prime meet with foreign investors where more than 100 foreign investors from Japan , China, Hong Kong, Taiwan, UK, India, USA, Thailand , Malaysia was present . Honorable Prime Ministers spoke with all of investors regarding their investment plan. This was one of the successful event of BEZA as well as Bangladesh.
Among others, Mr. Abul Kalam Azad , Principal Secretary, Prime Minister‘s Office , Ms. Suraiya Begum ndc, Secretary , PMO , Mr. Paban Chowdhury , Executive Chairman(Secretary) was present .
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Up-gradation of Website
BEZA web site is aimed to disseminate information and data that will attract promising investors. The portal will give information about the BEZA and its activities, services, all committees and other information. The website will enhance the flow of information between the prospect economic zone license applicant, investors and mother stake holders. It will ensure accountability and transparency for the Economic Zone related activities for all its stakeholders.
The structural design of the previous website was not up to the mark and the structure was not allowing modular information block which is essential for organization like BEZA. BEZA website (www.beza.gov.bd) has been completely re-designed to meet the need of investors. Current BEZA website contains separate section for Tender, RFP‘s, Publication, Legal Documents and microsites for each of the Zone. The site has been converted from static site to dynamic word press based site which gives the leakage for quick update and content management. BEZA web site is also device sensitive; it changes its size and orientation depending on the size of the screen.
Under the support to capacity development project of BEZA , the website has been redesigned as modern Content Management System (CMS) based dynamic site. The Architectural Design, Sitemap and content creation was done internally. The developer company developed and migrated existing contents to the new site. Also the hosting was moved from local service provider to one of the world‘s renowned web hosting service provider hostgator.com, which is more reliable, secure and faster. The website is constantly under maintenance and up-gradation process.
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Memorandum of Understanding Signed with Investors
According to BEZA act 2010 and Private EZ policy 2015, BEZA will ensure utility connection for economic zones . As a part of this project assisting to BEZA to make memorandum of understanding with utility services provider. We have already completed MoU with PGCB, DPHE, BRDB, Titas Gas , distribution company ltd. We have also assist to BEZA to signed MoU with China Harbor Engineering Company Ltd. to develop G2G economic zone in Bangladesh and Zejanung Zindun , China for 1320 MW Power plant in Mirsarai EZ .
MoU with China Harbor Engineering Company Ltd to develop G2G EZ in Anwara (CEIZ)
Bangladesh Economic Zones Authority (BEZA) signed a deal with China Harbor Engineering Company Ltd (CHEC) on June 16,2016 for the development of an exclusive China economic zone at Anwara Upazila in Chittagong.
According to Memorandum of Understanding (MoU), the Chinese state-owned firm CHEC will be assigned to develop the site for Chinese Economic and Industrial Zone (CEIZ) on a 774-acre land in Anwara. Prime Minister‘s Office Principal Secretary Mr. Md Abul Kalam Azad, China Harbour Engineering Company Vice-President Mr. Bai Yinzhan, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Mr. Md Siddiqur Rahman and BEZA Executive Chairman Mr. Paban Chowdhury will attend the MoU signing ceremony.
A MoU signing ceremony was held on 12 March 2015 on the development of Sabrang Tourism Park between Bangladesh Parjatan Corporation & BEZA. Mr. Rashed Khan Menon, Minister, Ministry of Civil Aviation and Tourism; Mr. Abul Kalam Azad, Principal Secretary of Prime Minister‘s Office; Mr. Paban Choudhury, Executive Chairman of BEZA and Mr. Aparup Chowdhury, Chairman of Bangladesh Parjatan Corporation were present in the ceremony.
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MoU with Zhejiang Gross Seamless Steel Tube Co, Jindun Holding Group of China
BEZA has been Signed a MoU with Mr. Jancan Zhou, Chairman, Zhejiang Jindun Holding Group of China and discussed about investment opportunities in our Economic Zones . To achieve rapid economic growth of Bangladesh through sufficient Power Supply in the industrial and other potential sectors, has been considering in the positive, setting up a power plant in the Mirsharai Economic Zone by the requiring Company, subject to necessary approvals for setting up the Power Plant and for investment in Bangladesh and other formalities by the requiring Company;
MoU signed with utility Service Providers
MoU with PGCB
BEZA and Power Grid Company of Bangladesh Ltd. signed a Memorandum of Understanding on 21 April 2016 to establishing a Grid Substation in Mirsarai Economic Zone. BEZA have agreed to provide PGCB 50 acres of land to construct the substation. PGCB also have a plan to construct grid line station another 12 EZs within the 2018. As we know that dedicated and uninterrupted quality electricity is one of the main instrument of business. PGCB will ensure dedicated grid substation for economic zones.
MoU with DPHE
This Memorandum of Understanding (MoU) is made on this 11th day of October, 2015, 2015 between the Department of Public Health Engineering and Bangladesh Economic Zone Authority towards installation of water supply facilities by DPHE for BEZA in Mirersharai, Chittagong and Sreehatta (Sherpur), Maulavibazar. DPHE is working for water supply pipeline of Mirsarai . DPHE already been completed a study regarding sweet water source of Mirsarai EZ .
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MoU with BREB This Memorandum of Understanding (MoU) is made on 14 January, 2016 between Bangladesh Rural Electrification Board and Bangladesh Economic Zone Authority towards electricity supply facilities by BREB for BEZA in Mirersharai, Chittagong and Moheshkhali, Cox‘s bazar. REB also will supply electricity to upcoming economic zones .
MoU with TGTDCL
This Memorandum of Understanding (MoU is also made on 14 January, 2016 between Titas Gas Transmission and Distribution Company Ltd and Bangladesh Economic Zone Authority towards Natural Gas Connection to Private Economic Zone, Abdul Monem Economic Zone, Gazaria, Munshiganj.
MoU with BWDB
BEZA and Bangladesh Water Development Board signed a Memorandum of Understanding on 26 July 2016 to construct sluice gate , embankment and bridge in Mirsarai Economic Zone as a deposit work.
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Publications & Campaign of BEZA
Publication is one of the important activities to aware the stakeholders about development activities of BEZA. As a part of publication BEZA published different type of brochure, poster, billboard, advertisement, booklet and souvenir about project which is;
Brochure of BEZA. Brochure of Tourism Park. Brochure of Sabrang, Mongla , Mirsarai and Shreehatta EZ. Vision documents of BEZA. A Souvenir for inauguration of 10 EZs development activities. Booklet for Principal secretary tour to Cox‘s Bazar, Mirsarai and Mongla. Billboard for BEZA development activities. Advertisement about BEZA‘s incentives and OSS. Video documentary on government economic zones. Video documentary of private EZs. Video documentary on BEZA‘s activities
Figure 35 : Opening Ceremony of vision document of BEZA
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Ongoing project of BEZA
1. Support to Capacity Building of Bangladesh Economic Zones Authority Project. Project Title : Support to Capacity Building of Bangladesh Economic Zones Authority Project.
a)Sponsoring Prime Minister‘s Office (PMO) Ministry/Division Bangladesh Economic Zones Authority (BEZA) b) Executing Agency Objectives of the Project: I. Overall The overall objective of the project is to develop Bangladesh Economic Zones Authority (BEZA) in to a fully functional organization equipped with all rules and regulations needed to develop zones that will facilitate growth in investment in the emerging manufacturing and services sectors of the economy with the aim of generating employment.
II. Specific
The Specific objectives of the project are to :
(i) Select and design zones according to well-planned and specified criteria ; (ii) Ensure Private sector involvement and participation in the development and management for the zones; (iii) Establish adequate operational guidelines to monitor performance of the master developer under the concession agreement for zones development; (iv) Provide the conducive business environment by developing a dispute resolution mechanism (DRM) to monitor disagreements within the zones and one-stop shop system to deal with firm requirements for registrations, permitting etc. ; and (v) Builds better linkages between firms within zones and related suppliers by providing training and supporting collaboration in applied research and improved standard.
Project Implementation a) Original: i) Date of commencement : November, 2011 period ii) Date of completion : June 30, 2016
b) Revised: i) Date of completion : June 30, 2019
Revised Cost of the i) Total : 13982.61 Project ii) GOB : 463.90 (In lakh Taka) iii) P.A. (RPA) : 13518.71
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2. Bangladesh Economic Zones Development Proejct (Phase-1) Project Title : Bangladesh Economic Zones Development Project (Phase 1) Sponsoring Ministry/Division : Prime Minister‘s Office (PMO) Executing Agency : Bangladesh Economic Zones Authority (BEZA) Objectives of the Project: I. Overall Encouraging rapid economic development, creation of employment opportunities through attracting Foreign Direct Investment (FDI) and transfer of advanced technology are the main policy directives from government of Bangladesh. This will provide immense economic opportunities for all sections of the society in Bangladesh. The Bangladesh Economic Zones Act, 2010 (Act No. 42 of 2010) aims to promote Economic Zones (EZ) in the Private sector, Government led EZs or EZs through public and private partnership, G2G and specialized EZs. The long term objectives of this project is to establish and develop Economic Zones in all potential areas including backward and underdeveloped regions for the purpose of encouraging rapid economic development through industrialization, employment generation, production and increase diversification of export.
The objectives are to provide basic infrastructure (off-site) for establishing economic zones in Mongla, Sirajgonj, Mirshorai, Anwara and Sherpur on public-private partnership, provide a conducive business environment and attract international and local entrepreneurs to develop the economic zones and invest in Bangladesh. II. Specific To promote balanced development of multiproduct industries in different regions of the country; To create basic infrastructure for the establishment of Economic Zones; To develop Economic Zones with on-site and off-site infrastructure and other utilities for the local and foreign investors; To create a conducive business environment to attract SPV/SPC to develop and operating Economic Zones; To create employment opportunities for the people of Bangladesh; To promote industrialization and apprehend the Vision 2021 of the government. Major Location/Components/Cost centers of the project: Division District Upazila Status Chittagong Chittagong Mirsarai In Progress Chittagong Chittagong Anwara Chittagong Teknaf, Cox’s Bazar Sabrang Chittagong Mirshorai 2 B EZ Sonagazi Chittagong Teknaf, Cox’s Bazar Jaliardip Dhaka Dhaka Karanigonj Khulna Bagerhat Mongla In Progress Sylhet Moulvibazar Moulvibazar Sadar Sylhet Hobigonj Chunarughat Dhaka Narayanganj Bander &Sonargaon Project Implementation period: a) Original : i) Date of commencement : January 01, 2014 ii) Date of completion : June 30, 2016 b) 2nd Revised: i) Date of completion : January 31, 2021
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Information regarding Budget: i) Total Budget: 90531.88 Lac ( GOB- 1912.53 Lakh and IDA 88619.35 Lakh) Expenditure statement : Total Expenditure: 1684.57 Lakh ( GOB- 142.3 Lakh and IDA- 1542.27 Lakh)
3. Establishment of Jamaplur Economic Zone
Project Title: Establishment of Jamalpur Economic Zone a) Sponsoring Ministry/Division: Prime Minister‘s Office (PMO) b) Executing Agency: Bangladesh Economic Zones Authority (BEZA) Objectives of the Project: Overall The objectives of this project is to establish an ‗Economic Zone‘ in Jamalpur District to attract foreign & local investment to industrialize the country for export promotion and to meet up the requirements of local areas that leads to employment generation and economic development of the country. II. Specific i) To acquire land and some on-site and off-site infrastructure development for establishment of Jamalpur Economic Zone; ii) To promote development and create multiproduct Industries within the EZ; iii) To create a favorable business environment to attract Indian and local companies to develop and operate in industrial units; iv) To generate employment opportunities for sustainable economic development through establishment of SME units in the zone and expansion of forward and backward linkage industries of other economic zones within the country. Location of the Project and Map :
Division District Upazila Name of EZs (Comments)
Mymensingh Jamalpur Jamalpur Sadar Jamalpur Economic Zone,
Estimated Cost of the Project: i) Total : 30258.00 (In lakh Taka) ii) GOB : 30258.00
Project Implementation period: i) Date of commencement : January 1, 2016 ii) Date of completion : December 31, 2017 Approval Status: Approved Implementation Status: In 2016-17 ADP, 169.99 crore taka allocated for implantation of this project. Land acquisition process is going on and Project Director and Deputy Project Director's appointment are in final stage.
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4. Acquisition of Land for Development of Anwara-2 Economic Zone (Chinese Economic & Industrial Zone) Project Title: Acquisition of Land for Development of Anwara-2 Economic Zone (Chinese Economic & Industrial Zone) Sponsoring Ministry/Division: Prime Minister‘s Office (PMO) Executing Agency: Bangladesh Economic Zones Authority (BEZA) Objectives of the Project: . Overall The economic dimension of Bangladesh‘s bilateral relations with China has rapidly grown from the bilateral agreement was signed in 1976. Chinese impressive economic growth is an opportunity for Bangladesh and it can gain a lot of benefit from the increased cooperation with China. Under this project government will ensure land as an incentive for Special Purpose Vehicles (SPV) / Special Purpose Company (SPC)/ G2G funding of on-site infrastructure and facilities.
There are currently 2,301 zones in 119 developing and transition countries, clustered mainly in Asia and the Pacific and the Americas. China alone accounts for about 19 percent of these zones. Over half of them are privately owned and operated. Altogether, these zones account for approximately $200 billion in gross exports per annum and directly employ some 40 million workers and perhaps some 60 million indirectly.
Massive employment generation, industrialization through attracting Foreign Direct Investment (FDI), transfer of advanced technology and reduce pressure of public investment for economic development are the major policy thrust of government. To ensure sustainable economic development considering these phenomena Government enacted BEZA Act 2010, aims to promote of Economic Zones in the Private sector, government led EZs or EZs through public and private partnership and specialized EZs in exercise of the powers conferred under section 4 of the Act.
The project will provide land and basic infrastructure for establishing Economic Zone in Anwara-2 to attract Chinese Special Purpose Vehicles (SPV) / Special Purpose Company (SPC) to develop the economic zones and invest in Bangladesh. It will concrete the way of industrialization to comprehend the Vision 2021 of the Government. II. Specific i) To provide land for establishing Anwara – 2 Economic Zone (Chinese Economic Zone) ii) To promote stable development and create multiproduct Industries within the EZ iii) To create a conducive business environment to attract Chinese companies to develop and operate in industrial units iv) To generate employment opportunities for sustainable economic development. Location of the Project : Division District Upazila Name of EZs (Comments) Chittagong Chittagong Anwara Anwara-2 Economic Zone, (Chinese Economic Zone) Estimated Cost of the Project: i) Total : 42036.94 (In lakh Taka) ii) GOB (interest free loan) : 42036.94
Project Implementation period: i) Date of commencement : July 01, 2015 ii) Date of completion : December 30, 2016
Approval status: Approved ( by ECNEC) Implementation Status: Land acquisition process completed. Iplementation of some infrastructure related works are in progress.
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Media Coverage
The print and electronic media coverage were impressive to highlight the BEZA‘s activities nationally and internationally most of the articles were hopeful about BEZA‘s EZs to bring huge progress and prosperity in the industrial landscape of Bangladesh. News of the BEZA was widely reported in both English and Bangla in Bangladesh. This resulted in widespread publicity and promotion of BEZA as newly developed organization. Headlines were available on popular print and electronic media on a regular basis. All sectors of the media were involved, from print & electronic area focusing the interest and collaboration of the government and the private sector as a whole about the potential revolutionary implications of EZ.
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At a glance activities pictures of BEZA
Figure 36.28 Executive Chairman (BEZA) exchanging views with the villagers in Mirsarai and explained to them about the benefits of establishing a EZ in their Upazila.
Figure 37.27 Pre-Qualification license to Akij EZ
Figure 38. Executive Chairman visiting Meghna Industrial EZ
Figure 39. Mr. Mirza Azam, Honorable State Minister for Textile & Jute visited the office of BEZA. He expressed his satisfaction on progress made in establishing Jamalpur Economic Zone.
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Figure 4029 : Ms. Heba Shams, Lead Specialist, Investment Climate, World Bank Group made a Call on the Executive Chairman
Figure 4130 : POWERCHINA International Group Limited is exploring the possibility of establishing an Industrial Park in Mirsarai Economic Zone. Mr. Pan Dengyu, Vice President-Eurasia led the POWERCHINA delegation during their meeting with the Executive Chairman, BEZA.
Figure 42.31 Pre-Qualification License to Sonargoan EZ Figure 43. Workshop On Pre-feasibility Study of Sabrang Tourism Park and Conceptual Planning of the Chinese Economic and Industrial Zone (Anowara-2)
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Figure 44.32 Mr. B. S. Agrawal, President, The Southern Gujrat Chamber of Commerce & Industry and his delegation with Deputy High Commissioner, Bangladesh Deputy High Commission, Mumbai, India .
Figure 4533 : 1st License Private License Awarding Ceremony to Meghna EZ
Figure 46 : Honorable Commerce Minister Mr. Tofael Ahmed visiting Powerac EZ stall at Thailand
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Figure 47.34 Young Entrepreneurs from Kunming, China visit BEZA office for invest in EZ.
Figure 48: Yunnan Yunnei Power Group, China
Figure 359: Mr. Tofael Ahmed, Honorable Minister for Commerce and Executive Chairman BEZA visiting proposed Bhola EZ
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Figure 50 : Mr. Abdul Matlub Ahmad, President, FBCCI and Mr. Mohd. Figure 5136 Pre-Qualification license to Bashundhara SEZ and Noor Ali, Managing Director, Unique Group meet with Executive East-west EZ Chairman BEZA for investment opportunity
Figure 372 : Executive Chairman visiting Jamalpur EZ Figure 53 : Pre-Qualification License to United City IT Park
Figure 5438 : Mr. Ibrahim Mansaray, Deputy Minister of Trade & Industry, Sierra Leone visit BEZA office for investment
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Figure 5539 : senior executives of Sumitomo Corporation, Tokyo visited BEZA Office
Figure 56.40 Executive Chairman, BEZA at Bangkok for Bangladesh Trade & Investment Conference 2016
Figure 57 Ministry of Commerce and EXIM Bank in Beijing, China to discuss about financing the offsite infrastructure of CEIZ.
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Figure 58 : Meeting with Mr. Bai Yinzhan, Vice-president, China Harbour and Engineering Company and discussed about the progress of CIEZ
Figure 41 : Meeting with the Hong Kong General Chamber of Commerce
Figure 5942 : Principal Secretary Md. Abul Kalam Azad with Mr. Dominichi Hideaki, SVP, JICA in JICA Headquarter , Tokyo.
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Figure 60: Officers of the Embassy of Switzerland visited the BEZA office
Figure 61 : Bangladesh-Japan Public Private joint Economic Dialogue and Bangladesh Investment Seminar Figure 62: Developer agreement for Mongla EZ held in Tokyo, Japan
Figure 62: World Bank Delegation with Executive Chairman, BEZA
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Figure 63: Pre-qualification License to the Bay EZ Figure 64: Pre-Qualification to Aman EZ 43
Figure 44 meeting with the representatives from Bangladesh Women Chamber of Commerce and Industry.
Figure 66: meeting with a IFC delegation headed by Ms. Wendy Werner, Country Manager, Bangladesh, Bhutan & Nepal
Figure 6745 : Bangladesh Investment and Policy Summit 2016
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Figure 69: Major General Mohd Habibur Rahman Khan, Figure 68: Exchanged views with leaders of Chandpur Tea Garden Workers Association (Habiganj) on smooth implementation of ndc, psc visited BEZA office on 01 November 2015 Habiganj EZ
Figure 69 : Mongla EZ visit by Principal Secretary , PMO
Figure 70:46 Honorable Prime Minister presided over the 3rd Governing Board
meeting of BEZA at Chameli, Prime Minister's Office on 21 October 2015.
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Approved Economic Zones
BEZA wants to establish 100 Economic Zones on 30000 hectares of land in the next 15 years with an employment generation for 10 million people. As a part of 100 zone development, BEZA have already identified 74 Economic Zones.
SL. Name of Economic Zone District Upazila No 1 Anwara Economic Zone Chittagong Anwara 2 Anwara- 2 Economic Zone Chittagong Anwara 3 Mirsharai Economic Zone Chittagong Mirsharai 4 Shrihatta Economic Zone Moulavibazar Sherpur Sadar 5 Mongla Economic Zone Bagerhat Mongla 6 Shripur Economic Zone Gazipur Shripur 7 Sabrang Tourism SEZ Cox‘sbazar Teknaf 8 Dhaka SEZ Dhaka Keranigonj 9 Jamalpur Economic Zone Jamalpur Jamalpur sadar 10 Narayanganj Economic Zone Narayanganj Bandar & Sonargaon 11 Bhola Economic Zone Bhola Bhola Sadar 12 Ashuganj Economic Zone Brahmonbaria Ashuganj 13 Panchaghar Economic Zone Panchaghar Debiganj 14 Narsindi Economic Zone Narsindi Narsindi Sadar 15 Nilphamari Economic Zone Nilphamari Nilphamari Sadar 16 Kustia Economic Zone Kustia Veramara 17 Agailjara Economic Zone Barishal Agailjara 18 Manikganj Economic Zone Manikganj Sibaloi 19 Dhaka Economic Zone Dhaka Dohar 20 Habiganj Economic Zone Habiganj Chunarughat 21 Shariatpur Economic Zone Shariatpur Jajira 22 Shariatpur Economic Zone-2 Shariatpur Gosaerhat 23 Jaliardiwp EZ (Naf Tourism) Cox‘sbazar Teknaf 24 Cox'sbazar SEZ-2 Cox‘sbazar Moheskhali 25 Moheskhali Economic Zone Cox‘sbazar Moheskhali 26 Moheskhali Economic Zone-2 Cox‘sbazar Moheskhali 27 Moheskhali Economic Zone- 3 Cox‘sbazar Moheskhali 28 Narayanganj Economic Zone Narayanganj Sonargaon 29 Natore Economic Zone Nator Lalpur 30 Gopalganj Economic Zone Gopalaonj kotalipara 31 Araihazar Economic Zone Narayanganj Araihazar 32 Moheskhali SEZ Cox‘sbazar Mohaskhali 33 Rajshahi Economic Zone Rajshahi Paba
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34 Serpur Economic Zone Serpur Serpur Sadar 35 Feni Economic Zone Feni Sonagaji 36 Mongla Special Economic Zone Bagerhat Mongla 37 Gopalganj Economic Zone- 2 Gopalganj Gopalganj Sadar 38 Patia Economic Zone Chittagong Patia 39 Moheskhali SEZ- 4 Cox'sbazar Moheskhali 40 Sundarban Tourism Park Bagerhat Sharankhola 41 Bogra Economic Zone- 1 Bogra Sajahanpur 42 Khulna Economic Zone- 1 Khulna Batiaghata 43 Khulna Economic Zone- 2 Khulna Terakhada 44 Sylhet Special Economic Zone Sylhet Goainghat 45 Kurigram Economic Zone- 1 Kurigram Kurigram Sadar 46 Netrokona Economic Zone-1 Netrokona Netrokona Sadar 47 Moheskhali Economic Zone-4 Cox'sbazar Moheskhali 48 Mymensingh Economic Zone, Mymensingh Ishsargonj 49 Mymensingh Economic Zone Mymensingh Mamensingh Sadar 50 Alotila Special Economic Zone Khagrachari Matiranga & Khagrachari 51 Araihazar Economic Zone- 2 Narayangonj Araihazar 52 Jamalpur Economic Zone- 2 Jamalpur Jamalpur Sadar 53 Rampal Economic Zone Bagerhat Rampal 54 Gajaria Economic Zone Munsigonj Gazaria
Private EZ
SL Name of EZ District Upazila 1 A.K Khan Economic Zone Narshindi Polash 2 Abdul Monem Economic Zone Munsigonj Gazaria 3 ''Garments Silpa Park'' BGMEA Munsigonj Gazaria 4 Megna Industrial Economic Zone Narayangonj Sonargaon 5 Megna Economic Zone, Narayangonj Sonargaon 6 Famkam Economic Zone Bagerhat Rampal 7 Comilla Economic Zone Comilla Megna 8 Aman Economic Zone Narayangonj Sonargaon 9 Bay Economic Zone Gazipur Konabari 10 Sirajganj Economic Zone Sirajganj Sirajganj Sadar & Belkuchi 11 Alliance Economic Zone Comilla Daudkandi 12 Arisha Economic Zone Dhaka Saver & Karanigonj 13 United IT Park Ltd. Dhaka Dhaka Vatara, Badda 14 East Cost Economic Zone, Habigonj Bahubal 15 Sonargaon Economic Zone Narayangonj Sonargaon 16 Bashundhara Economic Zone Dhaka Keranigonj 17 East-West Special Economic Dhaka Keranigonj Zone 18 City Economic Zone Narayanganj Rupganj 19 City Special Economic Zone Dhaka Demra 20 Akiz Economic Zone Mymensingh Trishal
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Economic Zones in Bangladesh The Ultimate Investment Destination
Bangladesh Economic Zones Authority www.beza.gov.bd
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