10 more economic zones get the nod including one in Dinajpur & Sandwip

Bangladesh Economic Zones Authority (Beza) has approved setting up 10 more economic zones, taking the tally of such areas to 101, out of which work on 28 are currently underway.

The new zones are Nawabganj Economic Zone, Nawabganj; Tangail Economic Zone, Bhuapur; Sapahar Economic Zone, Sapahar, Naogaon; Dinajpur Economic Zone, Dinajpur Sadar; Noakhali Economic Zone, Companiganj; Sandwip Economic Zone, Chattogramme; Sunamganj Economic Zone, Chhatak, Sunamganj; Pabna Economic Zone, Bera, Pabna; Charmegha Economic Zone, Hijla, Barisal; and Manikganj Economic Zone, Shibalaya, Manikganj.The prime minister directed all agencies concerned to take immediate steps to formulate a comprehensive strategy and future action plan to attract investors to Bangladesh as part of the trend of global relocations in the wake of the Covid-19 pandemic.

Meanwhile, Bangladesh Economic Zones Investors Association (Bezia) has sought intervention from the Prime Minister’s Office (PMO) to address some hurdles to investment in the country’s economic zones.

Besides, investors are unable to attain bank loans against land taken on the rent due to unfavourable conditions of leasing policies, Bezia said in a statement.

“Our confidence and expectations were shattered when we unexpectedly received letters from the Bangladesh Economic Zones Authority (BEZA) on the VAT issue,” read the statement.

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Source: The Daily Star, Bangladesh

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