BEPZA urges Bangladeshi expats to invest in EPZs
Wednesday, 13 June 2007
NEW YORK, Jun 12 (BSS): Bangladesh Export Processing Zones Authority (BEPZA) Chairman Ashraf Abdullah Yusuf called upon expatriate Bangladeshis to invest in the country taking advantage of the current congenial investment climate, especially in the EPZs.
Addressing a press briefing in New York Monday at the Bangladesh Consulate, he said the investment climate of Bangladesh is now world-class and that is why foreigners are more keenly interested to invest in the country.
Bangladesh Consul General Kazi Imtiaz Hossain, BEPZA General Manager AZM Azizur Rahman and member Prashanta Barua were present on the occasion.
The BEPZA chairman pointed out that EPZs are now endowed with all modern facilities and in view of investment climate these are the best places in the region.
He mentioned that more than 30 foreign companies made investment in EPZs in the current year raising the number of foreign enterprises in all eight EPZs in Bangladesh to 250.
Referring to the ever-increasing trend of foreign investments in the EPZs run by the BEPZA, he said investment proposals hit half-a-billion dollar mark in last 10 months of the current fiscal showing a 340-per cent rise compared to the corresponding period of the last fiscal.
Ashraf listed different facilities being provided to the Bangladeshi expatriates by the BEPZA for attracting their investment side-by-side wooing foreign direct investment.
He told newsmen that export earnings of the BEPZA-run EPZs stood at $1.5 billion in last fiscal which was about 18 per cent of the total export earnings of the country.
Earlier, the BEPZA delegation had talks with two US investment entities including Walkan Energy to invest in Bangladesh's power sector and the other to invest in the leather sector.
Later in the evening, the delegation exchanged views with Bangladeshi expatriate businessmen.
Addressing a press briefing in New York Monday at the Bangladesh Consulate, he said the investment climate of Bangladesh is now world-class and that is why foreigners are more keenly interested to invest in the country.
Bangladesh Consul General Kazi Imtiaz Hossain, BEPZA General Manager AZM Azizur Rahman and member Prashanta Barua were present on the occasion.
The BEPZA chairman pointed out that EPZs are now endowed with all modern facilities and in view of investment climate these are the best places in the region.
He mentioned that more than 30 foreign companies made investment in EPZs in the current year raising the number of foreign enterprises in all eight EPZs in Bangladesh to 250.
Referring to the ever-increasing trend of foreign investments in the EPZs run by the BEPZA, he said investment proposals hit half-a-billion dollar mark in last 10 months of the current fiscal showing a 340-per cent rise compared to the corresponding period of the last fiscal.
Ashraf listed different facilities being provided to the Bangladeshi expatriates by the BEPZA for attracting their investment side-by-side wooing foreign direct investment.
He told newsmen that export earnings of the BEPZA-run EPZs stood at $1.5 billion in last fiscal which was about 18 per cent of the total export earnings of the country.
Earlier, the BEPZA delegation had talks with two US investment entities including Walkan Energy to invest in Bangladesh's power sector and the other to invest in the leather sector.
Later in the evening, the delegation exchanged views with Bangladeshi expatriate businessmen.