Bangladesh Economic Zones Authority (Beza) Executive Chairman Shaikh Yusuf Harun said on Wednesday that the allocation of lands in special economic zones would be cancelled if entrepreneurs fail to set up factories in time. "At first, we will give them notice. After that, their land allotment will be cancelled.
Bangladesh Economic Zones Authority (Beza) and the Bangladesh China Chamber of Commerce and Industry (BCCCI) signed a memorandum of understanding (MoU) yesterday over promoting and branding Bangladesh globally and attracting foreign investment at economic zones.
Currently there are 452 enterprises from 38 countries operating in eight export processing zones (EPZs) of the country, said Bangladesh Export Processing Zones Authority (Bepza) Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman on Monday. "We started with a single export processing zone in 1980 and now we have eight EPZs while another three are coming up," he