EPZs to welcome more investors with ready factory buildings | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 16, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 16, 2025
EPZs to welcome more investors with ready factory buildings

Economy

Saifuddin Saif
08 May, 2022, 03:00 pm
Last modified: 08 May, 2022, 04:40 pm

Related News

  • China offers trade pact to boost investment, supply chain ties
  • DEPZ's production to resume at capacity from today as REB ensures uninterrupted power supply
  • EZ, EPZ industries to get priority as gas connections resume amid supply crunch
  • Bangladesh eyes top spot in global apparel exports: Korean EPZ founder at Investment Summit
  • Chinese company to invest $12.25mn in Mongla EPZ

EPZs to welcome more investors with ready factory buildings

The export processing zones now offer both floor space and plot to foreign investors

Saifuddin Saif
08 May, 2022, 03:00 pm
Last modified: 08 May, 2022, 04:40 pm
EPZs to welcome more investors with ready factory buildings

The authorities plan to construct eight six-storey factory buildings in the country's four export processing zones (EPZs) to attract new foreign investments so that investors can take the plunge into operations soon.  

The EPZs are in Chattogram, Ishurdi, Mongla and Uttara. Officials said four buildings will be constructed in Chattogram EPZ, two in Ishurdi and one each in Mongla and Uttara EPZ.

"Most of the investors like to go for immediate operations. They seek readymade floor spaces to avoid construction-related problems," Nazma Binte Alamgir, executive director at the Bangladesh Export Processing Zone Authority (Bepza), told The Business Standard.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to Bepza, the new factory buildings will help bring in $35 million in new investment and increase export earnings by $70 million a year. Besides, there will be 14,000 new jobs for local residents.

Beginning in July this year, construction of the buildings will be completed within three years. The construction cost has been estimated at Tk466 crore.

Nazma Binte Alamgir said the buildings will create a total of about 127,272 square metre floor spaces and help boost Bepza's revenue eventually.

Bangladesh currently has eight EPZs in different regions of the country. With 457 industries, the EPZs contribute 20% to the country's annual export earnings.

Bepza data show the EPZs have received more than $5 billion in investment so far, and generated 4.5 lakh jobs for locals.  

Foreign investors can apply for both plot and floor spaces in the EPZs from Bepza. But foreigners' growing interest over choosing Bangladesh as their investment destination has compelled Bepza to focus on ready floor spaces in multi-storeyed buildings instead of allocating limited plots.    

According to the authorities, Asian investors alone want to invest around $100 crore in the EPZs. Bepza officials said Chinese, Korean, Taiwanese, American, Japanese and European manufacturers are eager to relocate their industrial units to Bangladesh owing to their increasing production costs, mostly prompted by the pandemic and the Russia-Ukraine war.  

According to Bepza's project proposal, four six-storey buildings will be constructed in Chattogram, adding 54,672 square metres of floor space to the current 1.49 lakh square metres. These buildings will help raise Bepza's revenue by $1.64 lakh per month.

At present, there are 16 factory buildings in the Chattogram EPZ that are entirely allocated to investors, fetching Bepza $54 lakh per year.

As many as 1.63 lakh people are working at the Chattogram EPZ. Foreign investors are visiting the EPZ frequently and expressing interest in investment. But there are no vacant plots or spaces for allocation.     

As the EPZ is located only around 2.5 km away from Chattogram port, foreign investors are more interested in the zone for easy import and export.

In the Ishurdi EPZ, there will be two buildings with 3,250 square metres and 2,350 square metres of space per floor. Currently the EPZ has eight factory buildings spanning 64,576 square metres.

The Mongla and Uttara EPZs will have one building each with 3,250 square metres of space per floor.  

In the Uttara EPZ, 71,300 square metres of space in 7 buildings have already been leased out to investors. In the Mongla EPZ, 58,589 square metres of space have been rented out to industries.

All the eight EPZs in the country are producing diversified items of many renowned brands. The items include face masks, surgical gloves, shoe covers, medical gowns, sanitary napkins, diapers, hand sanitisers, toys, wedding dresses, bicycles, toothbrushes, cigars, pants and jackets, mobile parts, automobile parts, optical fibre cables, furniture, jute products and processed agro products.

In the EPZs, 37% of industries are producing electronics and other items, 30% woven garments, 6% knit garments, 7% textiles and 20% accessories.

Infograph / Top News

EPZ / EPZs / Export Processing Zones (EPZ) / Bangladesh Export Processing Zones Authority (BEPZA)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Hasnat Abdullah address a rally in Gopalganj on 16 July 2025. Photo: Screengrab
    Attack on NCP motorcade again after rally in Gopalganj
  • A police vehicle was set on fire in Gopalganj on 16 July 2025. Photo: Collected
    NCP's 'March to Gopalganj': Army deployed as police vehicle torched, 3 cops injured
  • Commerce Adviser Sk Bashir Uddin met USTR Ambassador Jamieson Greer at the USTR office in Washington, DC on 10 July 2025. Photo: CA Press Wing
    Bangladesh holds inter-ministerial meeting on proposed US Trade Deal

MOST VIEWED

  • 131 foreigners were denied entry into Malaysia by their border control. Photo: The Star
    96 Bangladeshis denied entry at Kuala Lumpur airport
  • Double-decker school buses are lined up in a field in Chattogram city. The district administration has proposed modernising the buses to ensure security and convenience for school students. Photo: TBS
    Country's first smart school bus in Ctg faces shutdown amid funding crisis
  • Representational image. Photo: Collected
    Dollar gains Tk1.8 as BB buys at higher rates, lifting market floor
  • A file photo of people boarding the government-run Betna Express at a railway station. The train operates on the Benapole-Khulna-Mongla route via Jashore. Photo: TBS
    Despite profitability, Betna Express rail service handed over to pvt sector
  • Bangladesh Bank buys $313m more in second dollar auction in three days
    Bangladesh Bank buys $313m more in second dollar auction in three days
  • Infograph: TBS
    Ring Shine Textiles scam: BSEC imposes travel bans on 13

Related News

  • China offers trade pact to boost investment, supply chain ties
  • DEPZ's production to resume at capacity from today as REB ensures uninterrupted power supply
  • EZ, EPZ industries to get priority as gas connections resume amid supply crunch
  • Bangladesh eyes top spot in global apparel exports: Korean EPZ founder at Investment Summit
  • Chinese company to invest $12.25mn in Mongla EPZ

Features

Abu Sayeed spread his hands as police fired rubber bullets, leading to his tragic death. Photos: Collected

How Abu Sayed’s wings of freedom ignited the fire of July uprising

17h | Panorama
Illustration: TBS

Open source legal advice: How Facebook groups are empowering victims of land disputes

1d | Panorama
DU students at TSC around 12:45am on 15 July 2024, protesting Sheikh Hasina’s insulting remark. Photo: TBS

‘Razakar’: The butterfly effect of a word

2d | Panorama
Photo: Collected

Grooming gadgets: Where sleek tools meet effortless styles

2d | Brands

More Videos from TBS

NCP cannot be stopped by attacks: NCP leaders warn

NCP cannot be stopped by attacks: NCP leaders warn

40m | TBS Today
Police vehicle torched ahead of NCP's 'March to Gopalganj'

Police vehicle torched ahead of NCP's 'March to Gopalganj'

10m | TBS Today
Main accused in Mitford murder case finally arrested in Patuakhali

Main accused in Mitford murder case finally arrested in Patuakhali

45m | TBS Today
Russia says it needs time to ‘analyse’ Trump’s Ukraine announcements

Russia says it needs time to ‘analyse’ Trump’s Ukraine announcements

1h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net