EPZs cross FDI inflow target by $66.36m

Dhaka,  Monday,   2016-09-22
Published : 22 Sep 2016, 21:54:49

EPZs cross FDI inflow target by $66.36m

Fetch one-fifth of total FDI in FY 16
FE Report

The volume of inward foreign direct investment (FDI) to the country's export processing zones (EPZs) exceeded the target by US$ 66.36 million in last fiscal year (FY), 2015-16.

The EPZs under Bangladesh Export Processing Zones Authority (BEPZA) attracted FDI amounting to $ 404.36 million against the target of $ 338 million in last fiscal. It was around one-fifth of the country's total FDI, amounting to $ 2015.20 million, according to an official statement of BEPZA.

The statement also mentioned BEPZA's contribution to the country's economy with its eight EPZs that consist 2307.27 acres of land.

In FY 2015-16, $ 110.71 million investment has been made in Chittagong EPZ, $ 80.63 million in Dhaka EPZ, $ 60.51 in Karnaphuli EPZ, $ 54.70 million in Adamjee EPZ, $ 33.53 million in Uttara EPZ, $ 30.18 million in Comilla EPZ, $ 18.98 million in Mongla EPZ, and $ 15.11 million in Ishwardi EPZ.

Besides, BEPZA has signed investment agreements with 16 new companies in last fiscal for investment of around $ 167.56 million for setting up different industrial units, the statement also added.

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