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Country’s 3rd export processing zone at Mongia likely soon

Star Report
An eleven-member high powered co-ordination com mittee has been constituted recently to assess the feasibil tty of establishing another Export Processing Zone (EPZ) at Mongia in Khulna.
This will be the third EPZ in the country, apart from other two In Chittagong and Dhaka.
Sources close to the Prime Ministers office say. the committee headed by the Principal Secretary to the Prime Minister s office includes the secretaries of the ministries of shipping, communications. power, energy, and mineral resources, post and telecommunications, local government and railway division as members.
Sources said, the committee will take necessary steps to give land to BEPZA which is now the property of the
Mongia Port Authority (MPA)
The committee has been directed to submit its report within three months
The decision to set up an export processing zone al Mongia was taken by the Board of Governors of Bangladesh Export Processing Zone Authority (BEPZAJ at a meeting on the 23rd of last month.
The Prime Minister Begum Khaleda Zia who is also the Chairperson of the Board of Governors, presided over the meeting in the Prime Minister's office in Dhaka.
Sources tn Bangladesh Export Processing Zones authority said. CEPZ the first EPZ in the country, estab llshed in 198?. has so far exported various Items worth about 490.016 million US dollars in last fiscal which ended on June 30"this year.
Investment irf CEPZ also in-
creased by 31.50 per cent in last fiscal The total Investment in 54 industrial units of CEPZ now stands at 123 million US dollars, equivalent to Taka 505 crore.
Among the running 54 industries 31 units are fully foreign Invested. 13 Joint ventures and 10 Bangladeshi owned Another 28 Industrial units are expected to go Into production soon Among them 15 are fully foreign invested. 7 joint ventures and 6 local.
The Bangladesh Export Processing Zones have so far given approval to 86 industrial units In CEPZ. The total in-vestment alter starting more 28 industrial units. wUl stand at 154 million dollars equivalent to Taka 656 crore.
About 21 *thousand local people have so far been employed In CEPZ. The employment opportunity in CEPZ rose
by 15 per cent in last fiscal.
Entrepreneurs from Japan Invested- about 40 million US dollars in their 12 Industrial units In CEPZ. Another 4 Japanese Industries are expected to go into production this year
There are also 7 Industries from Hong Kong and 6 from United States engaged in pro duction in CEPZ. Another 2 units of Hong Kong and 3 from the United States will start prpductlon soon, it Is learnt.
Besides sixteen local industries will go into production soon.
Among the exported prod ucts from CEPZ, leather goods, electronics, electrical equipment motor parts, audio video tape, garments, terry towels and sports goods figure prominently.