DHAKA  – The Mirsarai Economic Zone (EZ) of Bangladesh Export Processing Zones Authority (BEPZA) is likely to be ready for investors within the current year. The authorities are planning to hand over industrial plots to the investors in a few months.

“Road development works are going on. Earth filling works will start soon. After making the EZ suitable for the investment, we hope to start the plot handover process within this year (2019),” BEPZA General Manager Nazma Binte Alamgir told BSS.

She said BEPZA has made a plan to develop land for 250 industrial units in the first phase of the project by June, 2021.

She informed that 15-20 investors have already shown their interest to get plots in the economic zone.

On May 2018, BEPZA and Bangladesh Economic Zones Authority (BEZA) signed a memorandum of understanding on the planned zone. Under the MoU, BEZA has allocated 1,150 acres of land to BEPZA for setting up the economic zone.

Nazma Binte Alamgir said BEPZA is marching ahead successfully and has set a unique example in attracting investment.

“BEPZA is a brand to foreign investors. This brand image will play an important role in attracting investments to the economic zone.” she added.

She said BEPZA is expecting creation of 1.50 lakh employments in the Mirsarai EZ within 2021.

Nazma said eight export processing zones under BEPZA located at different parts of the country have already earned reputation for attracting investments.

Eight export processing zones (EPZs) under BEPZA located in Chattogram, Dhaka, Mongla, Cumilla, Ishwardi, Uttar (Nilphamari), Adamzi and Karnaphuli have already earned reputation for attracting investments, she added.

About 350 industrial units will be set up in Mirsarai economic zone. There would be about 618 plots in this EZ.