Home RMG News BEZA for quick development of RMG village in Munshiganj

BEZA for quick development of RMG village in Munshiganj

Bangladesh Economic Zone Authority (BEZA) on Wednesday urged the garment owners to expedite the development of the garment industrial park in Munshiganj to facilitate better infrastructure facility for the RMG units which could lead to an export boom. BEZA also assured of all-out cooperation for establishing the facility, being jointly implemented by Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Chinese firm Oriental International Holding. BEZA made the call during a meeting with the representatives of BGMEA and Oriental International Holding at BEZA headquarters in the capital. The apex trade body of the apparel sector singled a billion dollar agreement with the Chinese firm last year to establish the industrial park at Baushia in Munshiganj. BEZA Executive Chairman Paban Chowdhury, BGMEA and OIH officials were present in the meeting among others. The Garment Industrial Park will be established on 492 acres of land. As per the deal signed with BGMEA, the Chinese firm will invest around $2.3 billion to establish the industrial zone. The Chinese firm has already conducted a feasibility study on the project and is set to begin the land acquisition process for setting up the facility. At the meeting, the OIH representatives discussed about the incentives which the BEZA will provide to the developers here. While talking to this correspondent, Paban Chowdhury said they will extend their full support in the land acquisition process for the garment village. The demand for setting up the garment village for relocation of the garment units became stronger after the Tazreen fire incident. The stress on the relocation of vulnerable garment units intensified after the Rana Plaza collapse.