Mongla EPZ exports rise 16 times in 10 years

The exports from Mongla Export Processing Zone (EPZ) have increased by 16 times in last 10 years. Investments also witnessed a rise by 11 times and about 4,500 people got jobs as well during the period, reports BSS.
"The EPZ was established on 289 acres of land in 1998 in line with the visionary decision of Prime Minister Sheikh Hasina. Currently, 128 factories are on operations and 15 more will go into operations soon," said Executive Manager of Bangladesh Export Processing Zones Authority (BEPZA) Nazma Binte Alamgir.
She said the Mongla Port has become active because of the Mongla EPZ as products worth Tk 40.75 billion were exported through this sea-port in 2018, which is 16 times higher from Tk 2.95 billion of 2008.
Out of a total of 192 industrial plots of the zone, 165 plots have already been allocated among the investors, she added.
In 2008, the EPZ drew investments worth Tk 450 million, but investments witnessed a rise significantly in 2018 as the port town EPZ drew Tk 5.10 billion worth of investments, 11 times in the last 10 years.
Nazma said previously the economy of this part of the country depended on agriculture and fishing. Now the situation has largely been changed as workers in the EPZ are involved in producing products ranging from heating pads of Toyota cars, VIP luggage bag, North American towel, jute based products to marble stone accessories etc, she said.
These products are being exported to India, China, Japan, South Korea, Thailand, Italy, the United Arab Emirates, the Netherlands, Indonesia and a few more countries in Middle East and Europe, Nazma also said.
Terming the Mongla EPZ as a boon for the people of Mongla area, mayor of Khulna City Talukder Abdul Khalek said the EPZ was established when incumbent Prime Minister Sheikh Hasina was in power in 1998 to facilitate industrialization in the area to bring dynamism in the Mongla Port activities.
Activities of EPZ and Mongla port were slowed down when the BNP came to power in 2001. But the port and EPZ became active again on the instruction of Prime Minister Sheikh Hasina in 2009.
Traffic Manager of Mongla Port Authority (MPA) Mohammad Shohag said the Mongla EPZ was established here to keep the Mongla Port active. Lands were acquired from the MPA to establish Mongla EPZ.
Currently, there are very few empty plots in Mongla EPZ. There has been a great industrialization within the Mongla EPZ. The process of bringing in the raw materials is being done using the Mongla Port. For this reason the use of Mongla Port is at a rise, he said.
A user of Mongla Port S M Nazrul Islam said huge people are employed due to the Mongla EPZ.
"Now, I am working in the EPZ and earned Tk 10,000 a month. The income of my husband and me is sufficient to meet the expenditure of my family," said Rabeya Begum who works in a factory in the Mongla EPZ.