Bangladesh: Export Earnings

EPZs contribute $1.55b to Country’s Export Earnings

Country's Export Processing Zones (EPZs) have contributed 1.55 billion US dollar to the country's total export earnings of 8.65 billion US dollar in fiscal 2004-05, reports BSS.

Among the 6 (six) running EPZs, Chittagong EPZ registered the highest earnings with 772 million US dollar and Dhaka EPZ exported goods worth about 758 million US dollar, a high official source said.

Presently there are 6 (six) running EPZs, which are situated in Dhaka, Chittagong, Comilla, Mongla, Ishwardi and Nilphamari. A total of 221 industries are now in operation in these EPZs.

Investors from South Korea, Japan, Hong Kong, China, USA, UK, Germany, Pakistan, Malaysia, Taiwan, India, Panama, Denmark, Thailand, Sweden, Italy, Belgium, Switzerland, the Netherlands, France, Singapore, Nepal, Australia, Canada, Sri Lanka, Mauritius, New Zealand have so far invested in the EPZs with a total amount of over 860 million US dollar in addition to local investment.

A wide variety of products including readymade garments, garment accessories, other textile products, electronics and electrical goods, agro products, footwear and leather goods, metal and plastic products, paper products and sports items are being exported to some 186 destinations across the world.

World famous brand products like Nike, Reebok, Walmart, Kmart, Mother Care, Addidas, Hi-tech and others have been sourcing from these EPZs. Besides, many industries have been acting as out- source to Konika, Minolta, Sony, Nissan, Mitsubishi, Hino and other reputed multinational companies.