Japan will set up an industry in the Chittagong Export Processing Zone (CEPZ) at a cost of Taka 56.2 million to produce automobile parts, off! cials said In Dhaka Saturday, reports UNB.

It will be Japan's 17th industry In the CEPZ and implementation of all the Japanese industries there will create employment opportunity for about 3500 Bangladeshi workers.

The proposed Meiji Industries Limited, when fully operational, will manufacture more than 84 thousand pieces of automobile parts every year

Japan is the largest Investor in CEPZ with the 17 industries involving an expenditure of over Taka 1506 million, followed by USA with an investment of about Taka 984 million. a press release of Bangladesh Export Processing

Zones Authority (BEPZA) said

South Korea is in the third position with 10 industries having an expenditure of Taka 323 million. The other industries are from Britain. Sweden. Holland, Hong Kong, Singapore. Thailand, Pakistan and India.

The Japanese enterprises of the CEPZ are reproducing, among others, electrical and electronic goods, fishing and golf equipment, ladles and children's undergarments, leather bags and gloves, fan motor and steel chain.

The BEPZA has so far sanctioned 72 industries for Chittagong Export Processing Zone. Of these. 38 are in operation and another six are under construction.

Implementation of all the 72 industries will create job opportunity for more than 25 thousand people.