Bangladesh Economic Zones Authority and Proejct of BEZA

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At a glance Bangladesh Economic Zones Authority and its ongoing project , Upcoming project, Objectives of BEZA , Potential law for investment , Bangladesh Economic Growth and Employment Generation.

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Bangladesh Economic Zones Authority and Proejct of BEZA

  1. 1. LegaL StatuS of eZ • The Act prepared based on the decision of cabinet meeting dated on 03-07-2000 • The Bangladesh Economic Zones Act,2010 , Act No. 42 of 2010 (1st August 2010)
  2. 2. Background of formation eZ • Bangladesh Economy is growing well at 6.3% in the past 5 years . • However, need to accelerate GDP growth 8% to 10% for reduce the poverty level from 40% now to 15% and targeting to be a Middle Income Country by 2021. • Economic Zone program is aiming to achieve the above goals by attracting private investment (FDI & DI), accelerating GDP growth & creating 10 millions of new employment within 2022
  3. 3. • To make provisions for the establishment of economic zones in all potential areas including backward and underdeveloped regions and development. • To encouraging rapid economic development through increase and diversification of industry , employment , production and export . Objective of Economic Zones
  4. 4. At a glance Bangladesh Economic Zones Act, 2010 • EZ means any economic zone declared by the Government through gazette notification ( No any land within city corporation , municipality or cantonment board area ) • Governing board means the governing board of the authority • Chairman means the chairman of the governing board • Executive Board means the executive board of the authority • Executive Chairman means the chairman of the executive board • Secretary means the secretary of the authority • EZ developer means authority may appoint economic zone developers
  5. 5. Way to establishment of economic zones • EZs established through public and private partnership by local or foreign individuals, body or organizations • Private EZs established individually or jointly by local, non-resident Bangladesh or foreign investors, body , business organizations or groups • Government EZs established and owned by the Government • Special EZs established privately or by public-private partnership or by the GOB initiative, for the establishment of any kind of specialized industry or commercial organization
  6. 6. Acquisition of Land for EZs • For the purposes of this act, the GOB may , acquire any land under the Acquisition of immovable Property Ordinance,1982 (Ordinance No. ll of 1982) if required for an economic zone or for infrastructure thereof such as- roads, bridges etc. • The land acquired shall be deemed to required for public interest • Compensation will be pay according to ordinance sub section 1
  7. 7. Division of an EZ into several areas • Export process area: Specified for export – oriented industries; • Domestic Processing area: Specified for industries to be established to meet the demand of the domestic market; • Commercial Area : Specified for business organizations , banks , warehouses , offices or any other organizations • Non-Processing Area : Specified for residence , health , education, amusements, etc .
  8. 8. Project Running: Mongla EZ - Bagerhat under Khulna Division Mershorai EZ - Chittagong under Chittagong Division Anwara EZ- Chittagong under Chittagong Division Sirajgong EZ- under Rajshahi Division Sherpur EZ- Moulviubazar under Sylhet Division Project under planning : Manikganj (Aricha) , Rajshashi, Nilphamari (Syedpur ) Working area
  9. 9. Bangladesh Economic Zones Authority Proposed site map for Mirshorai,,Anwara and Sherpur, Source : JDI , Feasibility Report , March 2014
  10. 10. Members of BEZA Executive Member (Admin and Finance ) Executive Chairman Executive Member (Investment and Development) Executive Member ( Planning and Development )
  11. 11. Existing policiEs/guidElinEs of BEZA • Operation Guideline • One stop service guideline • Health and safety policy • Security policy •
  12. 12. stAtus of dEVElopMEnt projEcts Total Project Implementation 000 Completed Projects 000 Ongoing Projects (Mongla, Sherpur, Mirshorai, Anwara and Sirajgonj) 05 Upcoming project 05  World Bank  DFID  dEVElopMEnt pArtnEr
  13. 13. MAjor AchiEVEMEnts  Feasibility study completed of Three Project e.g. Mirshorai & Anwara of Chittagong , Sherpur of Mowlovibazar district  Social Screening report finalization on Mongla Economic Zone project  Environmental Clearance certificate under planning all of zones  Transaction advisory service draft agreement completed  Land acquisition (205 acre) of Mongla Economic zone are completed  Land acquisition of Mirershorai and Anwara under Chittagong ,Sherpur of Mowlovibazar and Sirajgonj are under planning stage To be continued
  14. 14. .  Completed MoU with Singapore Cooperation Enterprise for the purpose of enable and encourage cooperation between both parties an operational level.  Investor from China and Japan visited office and interest to invest Economic Zones.  Local investor also express interest to invest Economic Zones. MAjor AchiEVEMEnts
  15. 15. Mongla Economic Zone Project Mongla Economic Zone Project Mirshorai Economic Zone Project Mirshorai Economic Zone Project Anwara Economic Zone Project Anwara Economic Zone Project Sherpur Economic Zone Project Sherpur Economic Zone Project Sirajgonj Economic Zone project Sirajgonj Economic Zone project Support to Capacity building of Bangladesh Economic Zones Authority Project Support to Capacity building of Bangladesh Economic Zones Authority Project
  16. 16. MonglA EconoMic ZonE projEct
  17. 17. Item Detail Comments Access & Utility 40 KM from Khulna City, 105 KM to Jessore Air Port and 230 KM to Dhaka Land Gross & Net Gross area 205 acre Type of Industry Automobiles , Ceramics, cement , paints , Food Processing etc Price of land Lease $ 50 per Sqm No of Affected HHs No Affected HHs Competitiveness Considering the current shortage of well equipped EZ, Mongla EZ power supply will be competitive and direct access of sea and river . Employment Creation Employment creation is expected to be 25,000 workers Expected Schedule Construction start from 2015 and complete by 2018 MonglA EconoMic ZonE projEct
  18. 18. Sherpur economic zone project Site & Highway
  19. 19. Item Detail Comments Access & Utility 55 KM from Shylet Airport, 435 KM to Chittagong Port and 208 KM to Dhaka Land Gross & Net Gross area 143 ha and net area for sale 88.59 ha Type of Industry Textile, Ceramics, Pharmaceuticals , paints , Food Processing etc Price of land Lease $ 50 per Sqm Cost for On and off Site $ 82.87 million for On-Site and $ 7.7 million for Off-site Competitiveness Considering the current shortage of well equipped EZ, Sherpur EZ power and Gas supply will be competitive. Benchmark analysis indicates No 1 out of 7 Asain EZ Employment Creation Employment creation is expected to be 40,706 workers Expected Schedule Construction start from 2015 and complete by 2018 Sherpur economic zone project
  20. 20. . mirerShorai economic zone project Site & Access Road
  21. 21. Item Detail Comments Access & Utility 182 KM from Dhaka, 66 KM to Chittagong , 79 Km from Chittagong Airport , 67 KM from Chittagong port Land Gross & Net Gross area 3420 ha and net area for sale 1704 ha Type of Industry Garment, Accessory, Textile, Machinery parts, Bike & Automobile Assembly later etc Price of land Lease $ 50 per Sqm (2016-2020) ,$ 70/Sqm (2023 to 2024) and $80/sqm after 2024 Cost for On and off Site $ 818 million for On-Site and $ 29 million for Off-site Competitiveness Along the Dhaka-Chittagong Corridor with own power & other infrastructure, Mirershorai EZ will be competitive Employment Creation Employment creation is expected to be 5,78,751 workers Expected Schedule Construction start from 2017 and phase 3 will end 2025 mirerShorai economic zone project
  22. 22. . anwara economic zone project Site , Embankment & Access Road
  23. 23. Item Detail Comments Access & Utility 45 KM to Ctg. Port , 28 KM to Chittagong city and 46 Km from Chittagong Airport Land Gross & Net Gross area 562 ha and net area for sale 424 ha Type of Industry Shipbuilding, Shibuiding components, Steel , Automobile parts, leather goods, pharmaceuticals etc . Price of land Lease $ 60-$70/sqm Cost for On and off Site $ 172.87 million for On-Site and $ 67 million for Off-site Competitiveness EZ has advantage of Sea access directly able to attact the waterfont industries such as shipbuilding steel and cement and supporting industries Employment Creation Employment creation is expected to be 53,420 workers Expected Schedule Construction start from 2017 and phase 3 will end 2020 anwara economic zone project
  24. 24. . Sirajgonj economic zone project
  25. 25. Item Detail Comments Access & Utility Road , River and rail connectivity , Closest with Jamuna multipurpose Bridge , 130 KM to Dhaka international airport , 375 KM to Chittagong port . Land Gross & Net Gross area 1041.43 acre (Khas land 985.93 acre and 55.50 private Land Type of Industry Garments , food processing , cement etc Price of land Lease $ 50-$60/sqm Cost for On and off Site $ 172.87 million for On-Site and $ 67 million for Off-site Competitiveness EZ has advantage of road , river and rail access directly able to attract investor . Employment Creation Employment creation is expected to be 80,000 workers Expected Schedule Construction start from 2015 and will end 2020 Source of labor Northern part of Bangladesh specially Sirajgonj , Pabna , Bogra and Natore Sirajgonj economic zone project
  26. 26. at a glance employment creation Proposed project 2015-2016 2016- 2017 2017- 2018 2018- 2019 2019- 2023 Total Mongla 400 2300 7500 10800 4000 25000 Mirershorai 2000 4500 10000 30000 532251 578751 Anwara 550 1000 2000 3000 46870 53420 Sherpur 350 5000 7000 20000 8356 40706 Sirajgonj 500 700 6000 20000 52800 80000 Total 3800 13500 32500 83800 644277 777877
  27. 27. Management and Capacities Management and Capacities
  28. 28. Bangladesh Economic Zones Authority Proposed site map for Mirshorai,,Anwara and Sherpur, Source : JDI , Feasibility Report , March 2014
  29. 29. BEZA Control Project Control Internal Control Governing Board Executive Board Executive Chairman Executive Members Project Director Controlling maCanisom
  30. 30. • LAW & ORDER SITUATION  • INFRASTRUCTURE FACILITIES • LOW COST OF DOING BUSINESS • FRIENDLY POLICY OF GOVT • INCENTIVES • WIN – WIN VENTURES • SUCCESS STORY •Signatory of Singapore cooperation enterprise • SIGNATORY OF MIGA (Multilateral Investment Guarantee Agency) • SIGNATORY OF ICSID (International Centre for Settlement of Investment Dispute) • ASIA'S LOW COST PRODUCTION BASE Why Invest in Bangladesh EZ?
  31. 31. Major Challenges  Commitment of government (all level /time)  Timely land acquisition both public and private land including compensation  Both of Investors (FDI & DI) land demand within capital/commercial city but our vision rural development  Availability of gas , electricity and water  One stop service functional  Availability of skilled manpower
  32. 32. 1.Textile 2.Agro-based Industries 3.Chemicals 4.Backward and forward linkage Industries 5.Electrical Equipment and Components 6.Electronic Products 7.Software 8.Shipbuilding 9. Optical Goods 10. Garments and Garments Accessories 11.Woven and Knitted Fabrics 12.Engineering Products 13.Leather Products and Foot-Wear 14.Toys 15.Medical and Biological Instruments 16.Pharmaceutical Products 17.Plastic Moulded products 18.Industries based on new uses of Jute 19.Cutting/Polishing of Precious and Semi 20.Precious stones 21Household Fittings and Equipment 22.Head-Wear 23.Jewellery 24.Horological Instruments 25.Scientific Measuring Instruments 26.Aircraft Instruments 27. Laboratory Ware 28.Printing and Publishing 29.Printing and Copying Equipment & Accessories Indicative List of Industries ( Assumption)

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