Chattogram Port is 64th among Top 100 in the World

The Port of Chittagong / Chattogram have now reached in 64th position among all the 100 top container handling ports around the world. Last year the position was 70^th, this year the position has lifted 6 more steps. In 2008 the position of Chittagong port was 95^th among top 100.

The Lloyd's List is the most popular media in the Maritime World which publishes this list on their website every year. About the position of the Chattogram port the report says “Another healthy year of volume growth helped the port reach record throughput last year and put it on course to eclipse the 3 m TEU barrier in 2019”.

This year, the Shanghai Port of China is at the top of the list among one hundred Ports. The port was also at the top in last year. Singapore Port holds the second position as usual. The Ningbo-Zhoushan port is in third position, Shenzhen port is in fourth, Guangzhou port is in fifth, Hong Kong is in 7^th, Qingdao is in 8^th and the Tianjin is in 9th positions. These all are container handling port located in China.

Total seven numbers of top ports among top ten is located in China. From the top 100 ports around the world, 22 are from China. Out of China, the Port o Singapore holds the second position, Port of Busan from South Korea holds 6^th position and the Port of Dubai (Jebel Ali) from UAE holds the 10^th position.

Lloyd’s Lists of top 100 ports around the world:

1. Port of Shanghai - China
2. Port of Singapore - Singapore
3. Port of Ningbo-Zhoushan - China
4. Port of Shenzhen - China
5. Port of Guangzhou- China
6. Port of Busan - South Korea
7. Port of Hong Kong - China
8. Port of Qingdao - China
9. Port of Tianjin - China
10. Port of Dubai (Jebel Ali) - United Arab Emirates (UAE)
11. Port of Rotterdam – Netherlands
12. Port Klang – Malaysia
13. Port of Antwerp – Belgium
14. Port of Xiamen – China
15. Port of Kaohsiung – Taiwan
16. Port of Dalian – China
17. Port of Los Angeles – United States of America (USA)
18. Port of Tanjung Pelapas- Malaysia
19. Port of Hamburg – Germany
20. Port of Long Beach - United States of America (USA)
21. Port of Laem Chabang – Thailand
22. Port of Tanjung Priok – Indonesia
23. Port of New York/ New Jersey - United States of America (USA)
24. Port of Colombo – Srilanka
25. Port of Ho Chi Minh City – Vietnam
26. Port of Yingkou – China
27. Port of Bremen / Bremerhaven – Germany
28. Jawaharlal Nehru Port – India
29. Port of Valencia – Spain
30. Port of Manila – Philippines
31. Port of Taicang – China
32. Port of Piraeus – Greece
33. Port of Algeciras – Spain
34. Port of Lianyungang – China
35. Port of Tokyo – Japan
36. Port of Mundra – India
37. Port of Savannah – United States of America (USA)
38. Port of Colon – Panama
39. Port of Santos – Brazil
40. Port of Jeddah – Kingdom of Saudi Arabia (KSA)
41. Port of Rizhao – China
42. Port of Felixstowe – United Kingdom (UK)
43. Port of Tanjung Perak – Indonesia
44. Port of Alliance – United States of America (USA)
45. Port of Cai Mep – Vietnam
46. Port of Dongguan – China
47. Port of Tanger Med - Morocco
48. Port of Barcelona – Spain
49. Port of Fuzhou – China
50. Port of Vancouver – Canada
51. Port of Salalah – Oman
52. Port of Marsaxlokk – Malta
53. Port of Nanjing – China
54. Port of Ambarli – Turkey
55. Port of Incheon – South Korea
56. Port of Manzanillo – Mexico
57. Port Said – Egypt
58. Port of Yokohama – Japan
59. Port of Melbourne – Australia
60. Port of Yantai – China
61. Port of Tangshan – China
62. Port of Durban – South Africa
63. Port of Kobe – Japan
64. Port of Chittagong / Chattogram – Bangladesh
65. Port of Cartagena – Colombia
66. Port of Nagoya – Japan
67. Port of Le Havre – France
68. Port of Virginia – United States of America (USA)
69. Port of Houston – United States of America (USA)
70. Port of London – United Kingdom (UK)
71. Port of Genoa - Italy
72. Port of Sydney – Australia
73. Port of Oakland – United States of America (USA)
74. Port of Balbao – Panama
75. Port of Osaka – Japan
76. Port of Yeosu Gwangyang – South Korea
77. Port of Quanzhou – China
78. Port of Callao – Peru
79. Port of Gioia Tauro – Italy
80. Port of Charleston - United States of America (USA)
81. Port of Zhuhai – China
82. King Abdullah Port – Kingdom of Saudi Arabia (KSA)
83. Port of Karachi – Pakistan
84. Port St Petersburg – Russia
85. Port of Guayaquil – Ecuador
86. Port of Bandar Abbas – Iran
87. Khorfakkan Port – United Arab Emirates (UAE)
88. Port of Southampton – United Kingdom (UK)
89. Port of Gdansk – Poland
90. Port of Haikou – China
91. Port of Kingston – Jamaica
92. Port of Buenos Aires – Argentina
93. Port of Sines – Portugal
94. Port of Taichung – Taiwan
95. Port of Abu Dhabi – United Arab Emirates (UAE)
96. Port of Jiaxing – China
97. Port of Mersin – Turkey
98. Port of Montreal – Canada
99. Port San Antonio – Chile
100. Port of Taipei – Taiwan

According to the Lloyds report, the port of Chittagong handled 2,90,3996 TEUs (20 feet long) in the year 2018 which was 2,66,7223 TEUs in the 2017. Growth rate has become 8.9 percent. The world’s top China's Port of Shanghai handled 42,010,200 TEUs in 2018 and in 2017 it handled 40,233,000 TEUs with a growth rate of 4.4 percent.

For the collection of modern container handling equipments in the Chittagong port such as Key gantry cranes, increment of yard and terminal facilities, automation, efficient management of the port authority and for the cooperation of the Ministry of Transport of the Government of Bangladesh helped for this achievement.

The amount of container handling of the Port of Chittagong will increase further after the completion of the under construction Pentanga Container Terminal (PCT). During this time, Chittagong will be far ahead in the list of the best ports in the world.

To increase more export / import facilities, some mid and long-term initiatives has been taken by the Government to boost the container handling. Many projects are underway. Out of these, overflow yards, the Patenga Container Terminal (PCT) work is progressing rapidly. The process of construction of a modern truck terminal and delivery yard at the Bay Terminal has begun already.

The achievement of the Port of Chittagong has brightened the image of the whole country, especially in the Maritime World. Hope the Chittagong port will place on the world's top 5 ports on the Lloyd's List soon.

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Special Tourist Parks in Bangladesh | SEZ

Although there are lots of possibilities, Bangladesh is far behind in the tourism industries. At present, it is very hard to pull foreign tourists at the desired level. To solve this issue, the Government has planned to set up three special tourist parks in Cox's Bazar district to promote this sector nationally and internationally. These Specialized tourism areas will attracts huge number of tourists and create new jobs opportunities. The three special tourist parks are:

• SABRANG TOURISM PARK

• NAF TOURISM PARK (JALIARDWIP)

• SONADIA TOURISM PARK

Thousands of tourists in Thailand are gets crowded in just 2 kilometers long sea beach. On the other hand, the world's longest beach is the Cox's Bazar which has an unbroken length of 120 km (75 mi). But the number of tourists in the Cox's Bazar beach is comparatively little. Not just Cox's Bazar, Bangladesh has lots of attractive tourist’s spots such as Sundorbon, Mountains across the country, Kuakata sea beaches, Tea garden etc but tourism sector is still far behind in Bangladesh. The main reason is being mismanagement, environment, fail to provide international standard services etc.

To solve this issues as per plan of the Bangladesh Government with and BEZA (Bangladesh Economic Zone Authority) are working to set up three Special Tourist Zone to develop tourism sector of the country and attract foreign tourists. Of these, the Sabarang Tourism Park is being developed especially for foreign tourists with advanced and world class services. Investment here can be 3 billion US Dollars and employment facilities for at least 40 thousand people. And Naf and Sonadia Tourism Park is being built for everyone.

SABRANG TOURISM PARK:

It will be the first exclusive tourism park in Cox’s Bazar with a total land area of approximately 1027 acres. The Purest air, Sea and lagoon, Lofty hills together in Sabrang are exceptional and perfect for a special tourist’s attraction place. This place is an amazing hill and sea beach territory, multifaceted diverse and admirably beautiful with exclusive beach front.

• Location: Sabrang is in Teknaf upazila under Cox’s Bazar district.
• Road Connectivity: The place is five KM away from Teknaf town. Cox’s Bazar-Sabrang Marine Drive is the access road to the proposed Park which connects the National Highway (N1).
• Air Connectivity: Cox’s Bazar Airport is only 96 KM from the Park. It takes around one and half hour drive to the Park from the Airport.
• Port Connectivity: Teknaf Land Port is only nine KM away from this zone.
• Nearest River: Naaf River is only eight KM from the zone.
• Electricity: 10 MW Teknaf substation is located only seven KM away far and a new solar based power plant with a capacity of 20 MW has been proposed to build at Huyakong which is 20 km from the Sabrang Park.
• Telecommunication: Mobile connectivity is available here. Teknaf Telephone Exchange is only eight KM away from the zone. Fiber Optic Cable connection will be done by BTCL.
• Water Supply: Surface water is available around 3 KM areas of the zone. Four MLD water lines will be installed for drawing water from upstream of Sabrang.
• Tourism Industries: Eco-tourism, Hotel complexes, Business tourism, Recreational tourism, Sports and extreme tourism, Water tourism, Education & Health Tourism.
• The Sabrang Tourism Park is only half hour Sea cruise to St. Martin- a coral island.

NAF TOURISM PARK (JALIARDWIP):

Naf Tourism Park which planned to establish in total 271 acres of land will be the first island based tourism park in Bangladesh. It has scenic Beauty with a hill view on both Bangladesh and Myanmar (Burma). A cable car connection will be constructed from Ne-Taung Hill to Naf Tourism Park which will be approximately 8.5 KM long.

• Location: The zone is located on an egg-shaped island raised in the middle of the Naaf River in Teknaf Upazilla under Cox’s Bazar district.
• Road Connectivity: Located beside the Teknaf - Cox’s Bazar highway.
• Air Connectivity: Only 90 KM away from the Cox’s Bazar airport.
• Port Connectivity: The Teknaf Land Port is only 0.4 km from the proposed park.
• Tourism attractions in Naf Tourism Park: Theme cruise for St. Martin Coral Reef Island, 5-star hotel, Restaurant, Honeymoon Park, Multi formatted Food Court & Themed Pavilions, Jungle, jogging Tracks, Night Camps, Eco-Friendly Resorts Mini Golf Course, Light & Sound Show, Entertainment zone, Infant Swimming Pool, Sky Bridge Oceanerium, Water Sports Complex, Game Parlors, Birds Watch Tower, Harbor Bridge, Cable Car Hanging, Hanging Bridge etc.

SONADIA TOURISM PARK:

The Sonadia Eco-Tourism Park location is at Sonadia Island at Maheshkhali Upazila under Cox’s Bazar district.  Total approximate land area is of this zone is 9467 acres. The land has already been adopted by BEZA on March 27, 2017 from the district administration of Cox’s Bazar. The planned tourism park in Sonadia will create a lot of FDI and employment opportunity.

• Location: Sonadia Island is about 9 Square KM (3.5 Square Mile), offshore of the Cox’s Bazaar coast. The place is only 3 KM from Cox’s Bazar via the Maheshkhali channel.
• Environment: The western side of the island is sandy and the northern part is green.
• Tourism Facilities: BEZA will develop this zone as environment friendly Eco-Tourism Park, where maximum 30% of land may use as a part of truism attraction. The proposed main attractions will be Hotels & Resorts, Hanging Restaurant, Children Park, Eco-Cottage, Swimming Pool, Fun Lake, Aqua Park, Water sport, Gulf, International standard Hospital, University and Schools.
• BEZA has already taken the initiative for feasibility study and Master Plan to set up Eco-tourism park in Sonadia Island.
• To build eco-tourism parks in Sonadia, BEZA has initially planned to use only 30% of the space so that there is no adverse impact on the natural environment.
• Local residents living illegally now have been cultivating fish by creating illegal ways, which are very dangerous for environment and biodiversity.
• To build the eco-tourism park various illegal constructions in the proposed area will stop.

After the implementation of these three Special Tourism Parks, there will be a positive change in the tourism industry of Bangladesh. For information's please the official website of BEZA.

Thanks.

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Economic Zones in Bangladesh are Ready for Investment

The economy of Bangladesh is growing rapidly from the past ten years. The government has set a target of export US$ 400 billion of goods by establishing 100 economic zones by 2030 across the country to accelerate and sustain the economic development. Bangladesh Economic Zone Authority (BEZA) is working to achieve this goal. Already 10 to 14 economic zones are being prepared for investment.

Till now, ten economic zones have been completed and are ready for investment, see the below list:

• Abdul Monem Economic Zone Gazaria, Munshiganj
• Aman Economic Zone
• Bay Economic Zone in Gazipur
• City Economic Zone
• Karnaphuli Dry Dock Economic Zone in Chattogram
• Kishoreganj economic zone
• Meghna Economic Zone in Narayanganj
• Meghna Industrial Economy Zone
• Mongla Economic Zone in Bagerhat
• Sreehatta Economic Zone in Moulvibazar

BEZA Executive Chairman said, "Not only 10, but 14 economic zones are now ready for investment." He also said that most of the 10 economic zones mentioned in the update report are in private sector. Apart from these, few industries in the Mongla and in Mirsarai EZ are being built. Moulvibazar and Feni EZ are ready to invest. Overall, fourteen economic zones are ready for investment. BEZA is currently working to prepare 28 economic zones across the country.

Abdul Monem Economic Zone Gazaria, Munshiganj:

Abdul Monem Economic Zone (AMEZ), an economic zone of the private sector, has been built on 142 acres of land in Gazaria, Munshiganj (East side of Daudkandi Meghna-Gomti Bridge). In January 2017 the zone has obtained the final license and investing 10 Crore 20 Lac 30 Thousand US dollars. Honda Japan has already started Motorcycles manufacturing through investment in Abdul Monem Economic Zone. This project is moving forward in a beautiful environment with the assistance of the BEZA. There is electricity, well communication system, gas will connect soon. If the gas-power service is confirmed, investment in this zone will increase further.

Aman Economic Zone in Sonargaon:

Aman Economic Zone has been established on 83 acres of land in Boiddar Bazar area of ​​Sonargaon upazila under Narayanganj. So far 32 Crore 64 lac US$ have been invested in this zone including development costs. The factories type located here includes cement factories, packaging and ship building yard. Now implementation of food processing projects along with cement, packaging and ship building is in progress. If the gas is available then many more investment projects will be started.

Bay Economic Zone in Gazipur:

Bay Economy Zone Limited is a subsidiary of the famous Bay Group in the country. Total land area of this zone is 65 acres and located in Gazipur Sadar Upazila beside the Gazipur-Chandra highway. It got the final license on April 2017. In addition to development costs, total amount of investment in this zone is 8 crore 88 lac and 60 thousand US$. Toy manufacturing factory Meigo (Bangladesh) Limited is China's direct investment in this economic zone. Products produced in this factory are now being exporting.

City Economic Zone in Rupganj:

City Economic Zone Limited, a subsidiary of City Group. It is located on 81.88 acres of land beside the Shitalakkhya River in Rupganj upazila of Narayanganj which is just two kilometers away from Dhaka-Sylhet Highway. So far the investment in this economic zone has reach 67 crore 50 thousand US$.

Karnaphuli Dry Dock Economic Zone in Chattogram:

Karnafuli Dry Dock Special Economic Zone (SEZ) Limited, the first specialized economic zone in the country to build and maintain ships. It obtains the final license in February 2019. In Anowara, Chattogram this zone is being built. This Dry Dock Economic Zone will have one lac capacity deadweight tonnage (DWT) power. The project is expected to attract huge foreign investment, including the development of sea-going ship repairs and construction industries. If it is implemented, it will be possible to earn foreign currency of $ 120 million a year.

Kishoreganj Economic Zone:

BEZA authority awarded the license to Kishoreganj Economic Zone Ltd (KEZ), a concern of Nitol Niloy Group on February, 2019. KEZ received approval as the ninth private economic zone in the country. Total land area for this zone will be 91.63 acres, located in Pakundia upazila near the Bhairab - Kishoreganj Highway. The KEZ is expected to create job opportunity for 15,000 people within the first five years of operation. The Nitol Niloy Group will set up heavy automobile industry in this zone. Besides, a steel manufacturing plant is likely to set up by an Indian group.

Meghna Economic Zone in Narayanganj:

Meghna Economic Zone has grown in 68 acres of land near Meghna ghat of Sonargaon upazila of Narayanganj. Although it was proposed to be in total 245 acres of land. So far the investment in this economic zone has been 93 crore 76 lac 10 thousand US$. At present, there are 10 approved industrial units including paper and pulp industries, chemical plants, pulse and flour mill.

Meghna Industrial Economic Zone:

The Meghna Industrial Economy Zone is another zone established by the Meghna Group in Sonargaon of Narayanganj district. Total land area for this zone is about 76 acres and already 29 Crore 90 lac US$ has been invested. There will be employment opportunity for 7,000 people in this zone. In the meantime, production of beverage, steel, cement, paper bags etc has been started here.

Mongla Economic Zone in Bagerhat:

Mongla Economic Zone has been established on 205 acres of land near Mongla seaport and Mongla EPZ in Mongla upazila under Bagerhat district. Power Pack Economic Zone Private Limited, a subsidiary of Sikder Group, is responsible for the development and management of this zone. BEZA has already completed the construction of roads, bridges, water supply lines, power sub-stations and administrative buildings which costs at least BDT 50 crore. Development work of some link roads inside the zone has been started.

Sreehatta Economic Zone in Moulvibazar:

Another economic zone prepared for investment is the Shreehatta Economic Zone with a total 352 acres of land in Sherpur, Moulvibazar Sadar upazila. Sylhet is located on the east of the zone, Habiganj is on the west, Sunamganj is on the north and Moulvibazar district on the south. In this economic zone, six industrial establishments have been allotted 231 acres of land. They have planned to invest around US$ 1.4 billion in this zone.

Even though some zones are ready for investment but physical infrastructure development in some areas has not yet been fully established. However, electricity connections were found and it should remain uninterrupted. Gas availability must be confirmed in the zones. Some old industrial areas have been converted to economic zones.

The economic zones which are in fact ready for investment, where all facilities like gas, electricity, infrastructure, communication etc must be ensure with priorities. If these economic zones can be fully activated, it will be possible to attract more investment which will help to achieve the goals of Bangladesh.

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API Industrial Park will boost up Bangladesh Medicine Industry

Recently, Bangladesh has made a tremendous expansion in the world's medicine market. The developed world never gave medicine to warped Bangladesh after 1971 once, but now drugs from Bangladesh is exporting to around 160 countries in the world after meeting its own demand which is around 98 percent. Now, like the RMG industry, the medicine industry of Bangladesh is being wiped out in Europe and America market.

During the post-independence period, we have seen the frustrating situation of the country in every sector including medicine. Capsule cells and ingredients powder was imported separately from and after filling up, it was sold inside the country. That time the situation was really dangerous. The capsules were made in the house and people took these drugs.

From that situation, now the medicines of Bangladesh have been elevated to such a stage that drugs and medicines made in Bangladesh are exporting to different countries around the world. At present in 48 countries of the world, Bangladesh is leading in the pharmaceutical products. Currently, 24,000 brand drugs are being produced in 257 Pharmaceuticals companies in Bangladesh.

These factories are manufacturing medicines and raw materials worth of more than BDT 25,000 Crore per year. There are about two Lac people are working in this industry. The Active Pharmaceutical Ingredients (API) Industrial Park will be launched in next year to make this advancement faster. To establish an environmentally suitable Industrial Park for Active Pharmaceutical Ingredients, the project is being implemented on 200 acres of land beside Dhaka – Chittagong National Highway (N1) in Baushia, Gajaria, Munshigonj.

There will be 42 number of plots in which Pharmaceutical Ingredients Manufacturing Industrial units will be set up. About 25,000 people will get employment opportunities in the project. All infrastructural facilities including Common Effluent Treatment Plant (CETP) and waste Dumping Yard will be available in this zone.

According to the Export Promotion Bureau (EPB) statistics, presently 46 companies exporting 300 types of medicines and to the world market. Now Bangladesh is dreaming of earning billions of dollars foreign remittance from the world medicine market.

The doors of new possibilities have been opened in the pharmaceutical industry. Medicines discount for Least Development Countries (LDC) increased for more 17 years. Bangladesh's Medicine Industry has got a merit discount till 2033. However, the present world market of medicine is around of 1000 billion US dollars. IQVIA, a multinational company based in United States is doing health-related information technology and clinical research. They conducted a survey on 204 approved pharmaceutical company’s drugs and their sells.

According to the survey of IQVIA, in 2018 the size of the drug market of Bangladesh has increased to BDT 20,512 Crore. From 2014 to 2018, the market's annual growth was 16.15 percent. The country's drug market is growing at an annual rate of 16.50 percent which is really amazing. The size of this market has crossed BDT 20,000 Crore in 2018, and 68 percent of this market is controlling by top 10 medicine companies. Most selling drugs on the market are antibiotics. Antibiotics are among the highest-selling medicines.

According to the Department of Drug Administration, in the last few years the export of medicines from the country has increased significantly. In 2011, the export was only BDT 426 crore. In the financial year 2017-18, export earnings were around US$ 10.44 Crore which is 16.03 percent more than the previous year. In 1982, the size of medicine industry in Bangladesh was BDT 170 crores only. In 2016, only the drug market in Bangladesh was BDT 15,600 Crores.

According to BSCIC, the work of setting up the country's first drug industry Park Activated Pharmaceutical Engineering (API) will be ending in 2020. This will meet the 100% demand of the country’s medicines. The country's first API Industrial Park is being established in Gazaria upazila of Munshiganj district, which is situated near the Meghna River and between the roadway of the Daudkandi and Meghna Bridge.

In order to achieve self-sufficiency in the production of raw material for the pharmaceutical industry, the government has taken initiative to establish this industrial park in 2008. To establish a factory here, 27 companies have been allocated from the Pharmaceuticals Industry Owners Association. The price of land per acre has been fixed at BDT one crore. Most of the owners have already paid a portion of the price of the plot allocated.

The country's pharmaceuticals industries will be able to start work in this zone within next two years.

Thanks

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Korean EPZ in Anowara Chittagong

Bangladesh Government and Republic of Korea agreed to setting up the first ever EPZ of the country, developed by a foreign entrepreneur, named Korean Export Processing Zone (KEPZ). The Export Processing Zone was developed by a foreign ‘Yonugone Corporation’ in Chittagong district. Total land area for the EPZ is around 2,092 acres of land. Located in Anowara on the south bank of the river Karnaphuli and it has so far implemented 95 per cent of the development plan on an area of 2,492 acres.

The main aspects of this zone are to attract foreign investments. The famous Seoul based Korean Youngone Corporation, applied formally to the Government of Bangladesh to set up an EPZ in the Private sector in the name of Korean EPZ Corporation (BD) Ltd. KEPZ is the first private EPZ in the country, it provides an industrial friendly and congenial work environment within a secured zone for operation at a scenic location.

About YoungOne Corporation:

The name of the Chairman and CEO is Mr. Kihak Sung. The Youngone Corporation, incorporated in Korea in 1974 is a leading manufacturer of Sportswear, Sport Shoes, & shoe accessories, Outerwear, Woven fabric, Non-woven polyester products, Backpack, Dyeing and finishing synthetic fabrics, resin and poly bags retailer and exporter. This Corporation operates in 12 countries across the world in Bangladesh, China, Korea, Italy, El-Salvador, Hong Kong, USA, Mexico, Switzerland, Thailand and Vietnam.

In Bangladesh the YoungOne first established operation at Chittagong city 1980. In 1988 it has moved its operations into the Chittagong Export Processing Zone (CEPZ). Today the company employs more than 40000 local workforces in its 17 factories in the EPZs of Dhaka (DEPZ) and Chittagong (CEPZ).

Utilities Services:

• Utility services like gas, electricity and water for industrial and housing facilities
• ICT-networks and Telecom
• Garbage disposal, Central effluent treatment plant
• Specialized industries are required to provide its own effluent treatment plant/solid waste disposal system

Physical Infrastructure:

• Fully serviced industrial plots
• Ready-made Standard Factory Buildings and space for supporting / sub-contracting industries
• Ready-made warehouses
• Jetty with backup facilities
• R & D facilities

Civic amenities:

• 18 hole Golf course
• Convention center/ Conference Hall/ Exhibition Hall/ Trade center
• Day care center
• Dormitories for workers
• Educational facilities for children
• Health club
• Housing accommodation for Executives
• Medical center
• Recreational facilities
• Sports ground
• Training center for workers

Korean EPZ at a glance / Special Features:

• Fast and duty free access to first world markets
• Excellent Strategic location
• Air and Sea Connection
• Investor Friendly Policies for (foreign) investors
• Attractive incentive packages
• Comparatively cheap labor
• Low production cost with consequential high competitiveness
• Skilled Professionals and workforce's
• Efficient management
• Industrial friendly and congenial work environment
• Largest EPZ in Bangladesh
• Around 500 hector industrial land
• Environment Management Plan (EMP)
• Essential civic amenities
• Professional one-stop service by KEPZ-management team
• Easy licensing
• Issue of import/export permits
• Simplified labor law helpful for maintaining congenial industrial relations
• KEPZ’s full support in all operational matters

Fiscal Incentives:

• Exemption of income tax for 10 years
• Exemption from dividend tax
• Duty free import of construction Materials, Machineries, Office equipment and Spare parts
• Duty free import of raw materials and export of finished goods produced in the zone
• Relief from double taxation subject to bilateral agreement
• Expatriates exempted from income tax (conditions apply)
• GSP facilities available for export
• Duty and quota free access to EU, Canada, Norway, Australia etc.

Non-fiscal incentives:

• 100% foreign ownership permissible with no ceiling on foreign investment
• Full repatriation of capital and dividend
• Foreign currency loan from abroad under off-shore banking arrangement
• Accelerated depreciation on machinery or plant allowed
• Remittance of Royalty, Technical and Consultancy fees allowed
• Enjoy MFN status
• Non-resident Foreign Currency Deposit (NFCD) Account permitted
• Operation of FC (Foreign Currency) account by foreign investors including foreign joint venture partners allowed (conditions apply)

Permissible Industries at KEPZ:

• Agro construction materials
• Agro-based industries, organic fertilizer production, garden and farm equipment manufacturing
• Backward linkage industries for textile
• Ceramic industries
• Electrical and Electronics items
• Engineering products and equipment's
• Gas based industries, Petrochemical products
• Hi-Tech projects for electrical/electronic equipment and components, assembly plants for cars and its
• Jewelry industries and cutting
• Leather products and shoes, bags, jackets etc
• Pharmaceutical products
• Port related services and business, Ship chandler items
• Scientific instruments and precision tools
• Software development, IT and R&D types industries
• Sports goods and toy manufacturing, footwear
• Components, software development, large scale chemical/petrochemical industries would be encouraged

Contact Address details:

Dhaka:

36, Lake Drive Road

Sector# 7, Uttara Model Town, Dhaka, Bangladesh

Tel: +88-02-8955977-78

Fax: +88-02-8913942

Email: kepzdhk@youngone.co.kr, Jsaadat.kepz@gmail.com

Chittagong:

Anowara, Chittagong, Bangladesh

Tel: +0443-501142, +880-31-740431-6

Fax: +0443-4493886, +880-31-740617

Email: mdshahjahan@youngone.co.kr

Seoul, Korea:

Youngone Corporation

12 Geum Gwang-Dong, JingwonGu, Sungnam, Gyoungi, Seoul, Korea

Tel: +822-3906-202

Fax: +822-3906-604

Email: kihaksung@youngone.co.kr

Related:

Government Owned Economic Zones List from BEZA

Private Economic Zone list of Bangladesh

BEPZA |About Bangladesh Export Processing Zone Authority

About Adamjee Export Processing Zone | AEPZ

About Chattagram / Chittagong EPZ (CEPZ)

List of Investor in CEPZ

About Cumilla Export Processing Zone

About Dhaka Export Processing Zone | DEPZ

List of Investors in Dhaka EPZ

About Ishwardi Export Processing Zone | IEPZ

About Karnafuli EPZ, Chittagong

BEPZA Economic Zone in MirsaraiUttara EPZ in Nilphamari district
Economic Zone for Tannery Industry in Chattogram