94 plots lying unused in Mongla EPZ for 9 years
Monday, 17 May 2010
Despite much potential, Mongla Export Processing Zone (EPZ) could not be developed properly as 94 of its plots have been lying unused for the last nine years, reports UNB.
Entrepreneurs are not showing much interest in investing in the EPZ area and only eight local and foreign companies are operating here at present.
Bagerhat Chambers of Commerce and Industries sources said the EPZ was not developed properly due to non-cooperation by the authority concerned.
Thousands of unemployed people of the Southern region would get employment opportunities if sufficient number of industries were established here, they added.
The EPZ was established on 193 acres of land in March 2001 at Mongla port area. The price of a plot here is almost half compared to other EPZs and there is an adequate system for transporting goods through roads and waterways.
EPZ sources said 30 plots out of 142 have been allotted so far and 11 factories have been built on the land. Eight factories are operating now while three others have been shut down.
Manager of Agro Growers Processors Abdur Razzak said if water, gas supply, banking system and communications system could be developed here it could attract more investors.
Entrepreneurs are not showing much interest in investing in the EPZ area and only eight local and foreign companies are operating here at present.
Bagerhat Chambers of Commerce and Industries sources said the EPZ was not developed properly due to non-cooperation by the authority concerned.
Thousands of unemployed people of the Southern region would get employment opportunities if sufficient number of industries were established here, they added.
The EPZ was established on 193 acres of land in March 2001 at Mongla port area. The price of a plot here is almost half compared to other EPZs and there is an adequate system for transporting goods through roads and waterways.
EPZ sources said 30 plots out of 142 have been allotted so far and 11 factories have been built on the land. Eight factories are operating now while three others have been shut down.
Manager of Agro Growers Processors Abdur Razzak said if water, gas supply, banking system and communications system could be developed here it could attract more investors.