Month: July 2017

EPZ in Bangladesh

News
EPZ in Bangladesh -Featured Image

What is EPZ?

The full form of EPZ is export processing zone. Currently Bangladesh has eight EPZ (export processing zone). Official authority of EPZ is BEPZA- Bangladesh Export Processing Zone Authority. This is the most important part of our economic growth by exporting garments, leather, leather goods, Mobile Parts, Automobile Parts, Golf Shaft etc, all over the world by those EPZ. Let check all of those EPZ in Bangladesh. The first EPZ was Chittagong export Processing Zone established in 1983 following an Act of Parliament approved in 1980 by the Government of Bangladesh.

Adamjee EPZ in Narayanganj

Adamjee EPZ in Narayanganj

Government of Bangladesh announced has approved 37 new Economic zones, which consists governmental, non-governmental and Specialized Economic zone. Bangladesh government also announced 50pc tax relief in Hi-Tech parks, Economic Zones. This kind of decision Bangladesh one step ahead of taking part of global economic.

  1. Adamjee Export Processing Zone

Adamjee Export Processing Zone also known as Narayanganj EPZ is a special economic zone for producing export oriented products located in the industrial city of Siddhirganj, Bangladesh. Established in 2006, it has 245 acres of land with 229 industrial establishments. It is the 6th-largest especial economic zone in Bangladesh

Location

Admjee EPZ located in Adamjinagar, Siddhirganj is15 km from capital city Dhaka. It is 27 km from Hazrat Shahjalal International Airport and 255 KM from the Port of Chittagong

Facility and utility service

It is a completely duty-free zone for production and an export-oriented special economic zone. Adamjee Export processing zone have Water Supply: Treated water through Treatment Plant. Gas Supply from Titas Gas Transmission & Distribution Company Ltd. Tariff Power Supply: Own Sub-station. 11 kV.

Investment and export

As of December 2016, total investment in Adamjee EPZ was $397 million and total export value is $2,251,190,000.

  1. Chittagong Export Processing Zone (CEPZ)

Also known as Chittagong EPZ, is the first and one of the eight export processing zones in Bangladesh located at South Halishahar in Chittagong. In 2010, CEPZ was ranked third in the best cost-competitiveness category and fourth as the best economic potential in the global ranking in a survey among the world’s 700 economic zones carried out by FDi magazine

Location

South Halishahar,Chittagong., CPEZ Entry Rd, Chittagong 4223, Bangladesh

Facilities

Zone area: 183.37 hectares (453 acres)
Number of industrial plots: 501
Plots Size: 2000 sqm Avg.
Tariff for Plot: US $ 2.20 / sqm / year.
SFB Size: 718 to 2350 sqm.
Tariff for SFB: US $ 2.75 / sqm / month.

  1. Comilla Export Processing Zone (CEPZ)

Established: 2000

Zone area: 108.28 hectares (267.46 acres)
Number of industrial plots: 238
Plots Size: 2000 sqm Avg..
Plot Tariff: US $ 2.20 / sqm / year.
Space of Standard Factory Building: 61122.15 sqm.
SFB Tariff: US $ 2.75 / sqm /month.

EPZ in Bangladesh -Customs

EPZ in Bangladesh -Customs

  1. Dhaka Export Processing Zone (DEPZ)

Established: 1993

Zone area: 356.22 acres
Number of industrial plots: 451
Total Standard Factory Building: 17 (Measuring 113422.00 sqm)
Size of each plots: 2000 sqm Avg.
SFB Size: 1500/2200/2800 sqm Avg.
Tariff for Plot: US $ 2.20 /sqm /year.
Tariff for SFB: US $ 2.75 /sqm /month.

  1. Ishwardi Export Processing Zone (IEPZ)

Established: 2001

Zone area: 309 Acres
Number of industrial plots: 290
Plots Size: 2000 sqm Avg.
Plot Tariff: US $ 1.25 / sqm / year.
Space of Standard Factory Building: 20420 sqm.
SFB Tariff: US $ 1.60 / sqm / month.

  1. Karnaphuli Export Processing Zone (KEPZ)

Established: 2006

Zone area: 209.06 acres
Number of industrial plots: 255
Plots Size: 2000 sqm.
Plot Tariff: US $ 2.20 / sqm / year.
Space of Standard Factory Building: 44455.39 sqm.
SFB Tariff US $ 2.75 /sqm /month.

  1. Mongla Export Processing Zone (MEPZ)

Established: 1999

Zone area: 255.41 Acres
Number of industrial plots: 190
Plots Size: 2000 sqm Avg.
Plot Tariff: US $ 1.25 / sqm / year for land.
Space of Standard Factory Building: 18717.68 sqm.
SFB Tariff: US $ 1.60 / sqm / month

  1. Uttara Export Processing Zone (UEPZ)

Established: 2001

Zone area: 213.66 Acres
Number of industrial plots: 180
Plots Size: 2000 sqm. avg.
Plot Tariff: US $ 1.25 / sqm / year.
Space of Standard Factory Building: 20478 sqm.
SFB Tariff US $ 1.60 /sqm /month.

Source

https://en.wikipedia.org/wiki/Bangladesh_Export_Processing_Zone_Authority http://www.bepza.gov.bd

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Made in Bangladesh RMG

Garments, News
Made-in-Bangladesh-Featured-Image

Bangladesh is a tiny country in south Asia and this country bound by India to the north, east and west, Myanmar to the southeast and by the Bay of Bengal to the south. Over 163,187,000 people and 147,610 km2 area this country increasing its growing economy so faster. Economical experts say there is a huge possibility to achieve approximately 23rd position on world economical grading in 2050. The population of Bangladesh was a biggest sin as people thought but today its turn into a strong economic changing tool of Bangladesh. With the youth of this country and expert technician, operator, labor and well-educated engineers creating the history of economic revocation of Bangladesh.

Made in Bangladesh (M&S)

Made in Bangladesh (M&S)

After get the freedom in 1971 from Pakistan this country stablished a constitution in 4 November 1972. For the war of 1971, this country got an economical shock and experienced a famine across the country. From that fatal situation, this country’s economy growing rapidly till today. Today’s Bangladesh is not like how it was!

Few years back when I was try to learn English, I needed someone foreigner (who can speak English) to practice so that I can learn faster. As far as I can reach someone by online messenger or any social networks. When somebody ask me where are you from? They don’t recognize my country at first try but today I think some of those people across the universe going to know about Bangladesh.

What we get from RMG internationally business? (Ready Made Garments)

The economy of Bangladesh is largely dependent on agriculture to feed the huge amount of population. However, the Ready-Made Garments (RMG) sector has emerged as the biggest earner of foreign currency. In 1972, the World Bank approximated the gross domestic product (GDP) of Bangladesh at USD 6.29 billion, in 2014, the GDP stood at USD 173.82 billion, growing by almost 27 times in a matter of four decades. Bangladesh’s exports industry alone comprised USD 31.2 billion in financial year 2014-15, 81.69% of which was made up by ready-made garments. On its own, the knitwear sector encompasses 39.83% of total exports—a staggering USD 12.43 billion. The RMG sector has experienced an exponential growth since the 1980s. The sector contributes significantly to the GDP. It also provides employment to around 4.2 million Bangladeshis, mainly women from low income families. According to Bangladesh export processing zone authority (BEPZA) more than 64% of female worker are taking a part to production.

The growing Bangladesh has possibility to get more international importer of garments (RMG). Here is the list of the name of internationally recognized clothing fashion brand which are consistently huge number of garments are made in Bangladesh.

Made in Bangladesh (HM)

Made in Bangladesh (HM)

List of International buyers

  • Nike
  • Reebok
  • Lafuma
  • H & M (Sweden)
  • Gap
  • Brouks
  • C. Penny,
  • Walmart
  • Kmart
  • Ospig (Germany)
  • Mother Care (UK)
  • Lee
  • Wrangler
  • Dockers
  • Nba
  • Tommy Hilfiger
  • Adidas
  • Falcon (USA)
  • Edie Bauyer
  • Eagle
  • Releigh (UK)
  • Emmilee
  • Free Spiril (UK)
  • Miles (Germany)
  • American Eagle
  • Hi-Tech (UK)
  • Phillip-Maurice (UK)
  • Wins More

Investment Guarantee (Provided on BEPZA web Site)

  • Foreign Private Investment (Promotion and Protection) Act, 1980 secures all foreign investment in Bangladesh.
  • OPIC’s (Overseas Investment Corporation, USA) insurance and finance programmes operable.
  • Security and safeguards available under Multilateral Investment Guarantee Agency (MIGA) of which Bangladesh is a member.
  • Arbitration facility of the International Center for the Settlement of Investment Dispute (ICSID) available.

Source:

http://www.bepza.gov.bd/
https://en.wikipedia.org/wiki/Bangladeshi_RMG_Sector

If I missed something to include on this article or if you have any question please put a comment on comment box blew the article.

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