Home Blog Page 941

ILO mission queries about workers’ rights, registration of trade unions

A high-level mission of International Labour Organization has enquired about the current state of workers’ right in forming trade unions in Bangladesh and questioned about the slow growth of trade union registration in the readymade garment sector, said a top official at the labour ministry. The topics were raised as the mission held a meeting with the Ministry of Labour and Employment yesterday.  The visiting ILO delegation that arrived yesterday for a three-day tour also held a meeting with Commerce Minister Tofail Ahmed who had appraised it that the government was able to ensure workers’ rights, especially in apparel industry, and create a workers-friendly environment in factories.  The five-member “high-level tripartite mission freedom of association and collective bargaining” is led by Elizabeth Onuko, and other members include Sonia Regenbogen, Marc Leemans, Karen Curtis and Veronika Vajdova.  The visit aims to learn the status of Bangladesh’s workers, their freedom of association, collective bargaining and safety standards, especially in the RMG industry. “Discussions focused on improvement of safety standards in factories, and workers’ freedom of association and collective bargaining rights,” Mikail Shipar, senior labour secretary, told the Dhaka Tribune.  “ILO mission wanted to know about a sudden fall in growth of trade union registration. But there are significant improvements as nearly 400 trade unions have been registered over the last three years,” he said. According to the labour ministry, a total of 326 trade unions have been registered with Directorate of Labour after the 2013 Rana Plaza building collapse that claimed hundreds of workers’ lives. The number of trade unions in the country’s garment industry has increased to 486 in 2015 from 138 in 2012. In 2013 a total of 83 trade unions were registered and in 2014 the number rose to 185. Some 80 trade unions got registered as of August in 2015. “I informed the mission that the government has taken all necessary measures to ensure workers’ rights to have trade unions registered,” said Mikail Shipar.  “The number of employees has increased, and the authorities concerned to provide all necessary cooperation to the workers in trade union registration.”   He said: “We have urged the mission to convey a message to the ILO to take initiatives to train up workers’ leaders so that they can properly apply for registration of trade unions.” About the slow growth of trade union registration, a high official at the ministry asking not be named said: “As per the rules, the application for trade union registration is required to have 30% representation of workers. But many came without required number of workers’ representation. This is a major reason the growth of registration becomes slow.” He said in some cases workers’ leaders back-tracked from registration after submission of application due to alleged mutual understanding with the owners.

Buyers to cut links with RMG units having collapsible gates

collapsible gates

Forums of Western apparel brands and retailers have threatened to cut business relations with their Bangladeshi supplier factories in which collapsible gates at exits still exist. Senior officials of Alliance for Bangladesh Worker Safety, a platform of North American buyers, said the platform recently issued a seven-day ultimatum to the factory owners to remove the collapsible gates. ‘The deadline ended in the first week of this month and now we are verifying whether the supplier factories have removed collapsible gates from exit points or not,’ an Alliance official told New Age on Sunday. According to the Bangladesh National Building Code, all exit access doors must be of a side-swinging type. Sliding or hanging must not be used as means of exit and all exit doors must be openable from the side without use of a key.After finalising the corrective action plan the factory owners got time up to one year and three months to remove collapsible gates from the exits but most of the factory owners did not remove those, the Alliance official said. He said that recently the authorities of a number of the supplier factories sent to the Alliance still photos and videos that showed collapsible gates from the exits at their units were removed.Officials of the Bangladesh Garment Manufacturers and Exporters Association said that the Accord on Fire and Building Safety in Bangladesh, a platform of EU brands and retailers, also warned the factory owners over the issue. After warnings from the Accord and the Alliance, a good number of factories removed the collapsible gates from the exit points but all the factories could not install fire doors, the BGMEA officials said.Recently, the BGMEA held separate meetings with the Accord and the Alliance on the issue of collapsible gates at the main entrance of the factories.‘The Accord agreed that a door which swings to the outside, is not lockable to prevent way out and has a panic bar assembly, is required at all exits including main entries,’ Mahmud Hassan Khan Babu, vice-president of the BGMEA, told New Age. The Accord also agreed the door does not necessarily have to be a listed fire door depending on the exit plan of the building, he said. The BGMEA and the Accord also agreed that factory owners could preserve sliding and lockable style entry gates provided a separate outward swinging, non-lockable for egress door with panic bar assembly was installed in the exit area, Babu said. After the Rana Plaza building collapse, which killed more than 1,100 people, mostly garment workers, in April 2013, North American retailers formed the Alliance and European retailers formed the Accord undertaking a five-year plan which set timeframes and accountability for inspections and training and workers’ empowerment programmes in Bangladesh. Under the plan, the Alliance inspected more than 700 factories while the Accord inspected about 2,300 units.

Govt ensures labour rights- Tofail

Tofail

Commerce Minister Tofail Ahmed on Sunday said the government has already ensured the rights of all workers, especially in Ready Made Garments (RMG) sector aiming to create a congenial environment in factories and accelerate the economy as well. “The government has amended the Labour Law to establish their rights,” he told journalists after emerging from a meeting with a five-member delegation of International Labour Organisation (ILO) led by Elizabeth Faith Onuko, Kenyan Minister Counsellor (Labour) to the United Nations, at his secretariat office, according to a release. During the meeting, they discussed various issues including labour rights of the country’s apparel factories. The government has taken various steps including closing the defective factories, establishing international level green industry, forming workers welfare association and ensuring full wages for the labour to make smooth and worker’s friendly environment in the factories, the minister said. He also said the government has taken initiatives to set up 100 special economic zones having all sorts of facilities for investors from both home and abroad to make the country as an investment hub. He said various envoys in Dhaka including those of European Union and United State expressed satisfaction to visit the country’s apparel factories. Among others, Senior Secretary of Commerce Ministry Hedayetullah Al Mamoon and Additional Secretary of the ministry M Shawkat Hossain Waresi were present.

Remediation of apparel factories

apparel factories
Garment employees work in a sewing section of the Fakhruddin Textile Mills Limited in Gazipur, Bangladesh, where one million garment workers were fired or temporarily let go when fashion brands cancelled orders at the height of last year's coronavirus pandemic lockdowns

The progress achieved in the upgradation of readymade garment (RMG) factories, in terms of safety and security of workers, taken under the Alliance, a group of North American buyers, reportedly has been slow. The Alliance started the work on improving the safety standard of its selected factories some months after the collapse of the Rana Plaza in 2013. A report published by the Alliance late last week said full remediation of only 24 out of the 677 factories on its work list could be accomplished under its programme scheduled to be completed in June 2018. Undeniably, there exists a lack of interest on the part of a section of owners of garment units to make investments in improving the safety standard of their factories. But some other factors, including, among others, political unrest, lack of qualified engineers, problems with the import of safety equipment and absence of consistent and clearly-set criteria for the purpose of standardisation have largely contributed to the delay in the remediation work. But amidst ‘unsatisfactory’ progress in remediation work, there was at least one positive development — a remarkable drop in the number of fire incidents in garment factories in the country. In 2012, there were 250 officially recorded garment factory fires that took lives of 115 people. In contrast, there were just five fire incidents in 2015 and not a single life was lost in those. The decline in the number of fire incidents with no loss of life serves as a pointer to a growing awareness among apparel industry people and workers about the need for preventing the accident. The collapse of a multi-storied building due to construction faults is a rare incident. But the fire incidents are not. Such incidents can be prevented to a great extent with appropriate safety measures in place. The Alliance with due support from the government has been asking the RMG unit owners to accomplish that task diligently. In addition to ensuring fire safety measures, a number of factories are in need of physical remediation and relocation. The Alliance has been encouraging the owners of the factories from which its constituents are sourcing apparels to do the needful. But not all owners have been reported to be interested primarily because of the additional expenditure involved in doing that. The Alliance has already severed its ties with a number of errant factories. Besides, it has imparted fire safety training to thousands of workers and security guards of the RMG sector. The Alliance and another identical entity known as Accord have been trying to improve the safety situation in the apparel industry in Bangladesh. It is hard to say that the owners are extending all possible cooperation to both. Rather, on a number of occasions, they have vented their resentment over the operations of the two buyers’ representative bodies and a few government policymakers have also joined them. However, such resentment is a natural outcome when any attempt is made to discipline or streamline any errant group. But all concerned need to understand the fact that the buyers coming under pressure from the consumers and the rights groups at home have been engaged in improving the safety standard of apparel factories here. Buyers have not withdrawn from Bangladesh despite some major factory accidents. The growth in apparel exports during the past couple of years is a testimony to that fact. So, instead of opposing their move to improve safety situation, the factory owners should extend all possible cooperation to them.

Ctg RMG workers’ demo for pay as factory closes

More than 150 workers of a readymade garment factory have demonstrated in the street for their outstanding wages at Chittagong, reports bdnews24.com. Workers of Takwa Apparels blocked the Nazir Ahmad Road for an hour at the city’s Andarkilla at 10:00 am on Sunday. They alleged that the owner, Md Kabir, had fled after shutting down the factory a week ago without paying their two months’ salaries. The demonstrators guarded Takwa Apparel’s office on the second floor of the building while the factory on the third floor was locked on Sunday morning. The factory’s Quality Control Officer Samir Kanti Das told the news agency the local ward councillor, factory owner and police had several meetings with the workers regarding the wage issue. “The deadlines to pay the dues has been extended three times. But the owner’s people locked the factory a week ago,” Das said. He claimed that ‘hired goons of the owner had been threatening’ them as they were keeping the factory on watch for a week. Local Councillor Jawhar Lal Hajari visited the scene, pacified the protestors and make them leave the road. “We have broken the lock in front of police and made a list of the properties inside the factory,” Hajari said. “If the owner does not pay the workers, we will sell these things and pay them with the money,” he added. Chittagong Kotwali Police Inspector Nur Mohammad said they were looking for factory owner Md Kabir.

US reviews textile, apparel imports from Nepal

apparel

The US International Trade Commission (USITC) has said that it is seeking input for a new investigation concerning whether certain textile and apparel articles from Nepal are import sensitive. The investigation, Nepal: Advice Concerning Whether Certain Textile and Apparel Articles Are Import Sensitive, was requested by the US Trade Representative (USTR) in a letter received on March 30, 2016. As requested, the USITC, an independent, nonpartisan, fact-finding federal agency, will provide advice on the likely impact on US imports, competing US industries, and US consumers of providing duty-free treatment for 66 products, listed by Harmonized Tariff Schedule (HTS) subheading, from Nepal. The products include luggage and attaché cases, handbags, pocket goods, travel bags, carpets, shawls, scarves, and travel blankets, hats, gloves and miscellaneous articles. The USITC will submit its confidential report to USTR by September 29, 2016. As soon as possible thereafter, the USITC will, as requested by USTR, issue a public version of the report containing only the unclassified sections, with any business confidential information and classified information deleted. The USITC is seeking input for its new investigation from all interested parties and requested that the information focus on the articles for which the USITC is requested to provide information and advice. The USITC will hold a public hearing in connection with the investigation on June 9, 2016.

Trade deficit tightens as imports slow

trade deficit tightens as imports slow

Trade deficit narrowed 0.25 percent in the first eight months of the fiscal year on the back of slow import growth.Between July last year and February this year, trade deficit stood at $4.05 billion in contrast to $4.06 billion a year earlier, according to Bangladesh Bank’s balance of payments data.In the first eight months of fiscal 2015-16, exports grew 7.18 percent and imports 6.44 percent, which had the effect of slightly squeezing the trade deficit.The reason for the slow import growth is the lack of investment appetite.During the period, capital machinery imports declined 7.49 percent, according to customs data. The import of most of the intermediate goods used in industrial production also saw a decline.For instance, the import of clinkers dropped 10.47 percent, fertiliser 10.41 percent, raw cotton 6.74 percent, dyeing and tanning materials 6.21 percent.On the other hand, the import of iron, steel and other base metals, staple fibre, yarn and textiles rose.Rice imports plummeted 72.04 percent, while milk imports dropped 19.11 percent and sugar 7.08.On the back of the reduced trade deficit, the balance of payments surplus widened about 42 percent during the period.At the end of February, the overall surplus stood at $3.14 billion in contrast to $2.22 billion a year earlier, according to central bank statistics.One of the reasons for the increase in overall surplus this year is that the net credit is in favour of Bangladesh, said BB officials.The net trade credit in the first eight months of fiscal 2015-16 stood at $1.23 billion in the negative, down from $2.04 billion in the negative a year earlier.The officials said the customers made less deferred payment against imports, as a result of which the negative trade credit dropped this year.Another reason for the increase in surplus is that the net foreign direct investment soared. During the July-February period, foreign direct investment swelled 27.19 percent from a year earlier to $1.45 billion.As the overall balance increased, so did the foreign currency reserves.On April 12, the foreign currency reserve stood at $28.67 billion, up 23.46 percent from a year earlier. The reserves are enough to honour 7.84 months’ import bills.For an economy, reserves equivalent to 5-6 months’ import bill are adequate, whereas Bangladesh has reserves equivalent to eight months’ import bill.The experts said reserves are swelling by the day as investment is not growing.

Rana Plaza survivors rebuilding lives, slowly: ActionAid B’desh

Rafique Khan, who used to work at one of the five garment factories housed at the ill-fated Rana Plaza, set up a small grocery shop in Savar with the compensation money he received.He was rescued in an unconscious state 19 hours after the building caved in on April 24, 2013, and after seven days of treatment, he regained his consciousness.“I am lucky that I survived and could start my own business with nearly Tk 9 lakh as capital,” he said.Khan is among the 51.8 percent of the respondents in a survey on Rana Plaza survivors who said that they have somewhat rebuilt their lives three years after the tragic event and have become gainfully employed again.

rana-plaza-survivors-rebuilding-lives-slowly-actionaid-bdesh-02ActionAid Bangladesh, a global development partner, conducted the survey in March this year on 1,300 survivors and 500 relatives of the deceased. The findings of the survey were shared yesterday at a discussion on the Rana Plaza tragedy, at the capital’s Brac Centre Inn. The survey found that unemployment rate has gradually declined over the last three years and the employment rate steadily increasing.Still, 48.2 percent of the survivors are unemployed three years on.Among the currently employed, 21.4 percent are employed in garment factories, 23.2 percent are involved in petty business and 16.8 percent are working as tailors. Like Khan, 3 percent run grocery shops. Some 4.2 percent are engaged in wage labour and 4.9 percent in agriculture. Aside from these, survivors are engaged in other types of income-generating activities as household help, salesperson, auto-rickshaw driver and mobile-phone repairer.Those who are unemployed cited physical weakness (56.5 percent) and mental weakness (34.1 percent) as the main reasons for not being gainfully employed.Some 41.1 percent of the survivors said their family income is between Tk 5,000 and Tk 10,000 a month, and 30.1 percent said it is between Tk 10,000 and Tk 15,000 and 14.8 percent between Tk 15,000 and Tk 20,000. Only 6.5 percent of the respondents said they have monthly income of Tk 20,000 and more.“Evidence shows that the overall income of survivors is increasing compared to their income in 2013, 2014 and 2015. ”In the survey, 78.8 percent of the survivors said their physical condition is more or less stable and 14.6 percent reported that it is deteriorating, listing headache, difficulty in movement, and pain in hand, leg and back, as some of the major problems.Some 58.4 percent of the respondents said they are still suffering from long-term psycho-social difficulties, 37.3 percent are more or less stable and only 4.3 percent have recovered fully.“ After around three years of the incident, trauma in the survivors, though not severe, still exists,” said the report. With regards to monthly expenditure, 61.1 percent is spent on food, 15.5 percent on house rent, 12.4 percent on children’s education and 8.4 percent on treatment.For most of the relatives of dead workers, the major items of expenditure are food and children’s education.As a discussant, Khondaker Golam Moazzem, additional director of research at the Centre for Policy Dialogue, suggested introduction of special health cards for the survivors so that they can get free services from government hospitals.“The survivors could not invest their money as the amount was not given at a time. They were given in phases and they spent most of the money for paying their previous loans and in meeting daily needs,” he added.The victims received compensation from the government, the foreign retailers and donor agencies. The survey found that 33 percent of the monetary support received by the survivors was spent on paying back debts, 49 percent on food and other household essentials including treatment. Only 16 percent went to savings and investment, particularly in small business, land and cattle.While moderating the discussion, Farah Kabir, country director of ActionAid Bangladesh, called for proper payment of the victim’s compensation. “While the compensation issue has been resolved to a large extent, the long drawn-out process undermines the usefulness of the support,” the report said. ActionAid recommended a proper compensation mechanism, strengthening of the factory inspection department for streamlining the process of providing permits for setting up factories. It also called for ensuring that the ‘true spirit’ of ‘freedom of association’ prevails by adequately empowering the trade unions to collectively bargain for their rights.

Cotton Market Essentials & Price Outlook

Cotton

Most benchmark prices were flat or higher over the past month. An exception was the China Cotton (CC) Index, which continued to decline.Values for the most actively-traded July NY futures contract rose from levels near 57 cents/lb to those near 61 cents/lb. This round of increases lifted NY futures over 60 cents/lb for the first time since mid-February.The A Index also increased about three cents/lb, with recent values near 68 cents/lb.In international terms, the China Cotton (CC) Index decreased slightly, falling from 84 to 82 cents/lb. In domestic terms, the CC Index declined from 12,000 RMB/tonne to 11,700 RMB/tonne.Although levels have increased since early April, Chinese ZCE futures prices continued to signal declines in Chinese cotton prices in coming months. Values for the most actively traded September contract have been near 10,600 RMB/ton (74 cents/lb), which is about 1,100 RMB/ton or about 8 cents/lb below current cash prices represented by the CC Index.Prices for the Indian Shankar-6 variety were flat to slightly higher in international terms, rising from 63 to 64 cents/lb. In local terms, values also increased slightly, climbing from 32,900 to 33,200 INR/candy.Pakistani spot prices were stable, holding to values near 61 cents/lb in international terms and those near 5,250 PKR/maund in domestic terms.Supply, demand, & trade This month’s USDA report was the first since September that did not feature declines to both production and consumption estimates. The world production figure was lowered 420,000 bales (from 100.2 to 99.8 million). If realised, this represents the first time since 2003/04 that production would be below 100 million bales. The global mill-use projection was increased 375,000 bales (from 109.2 to 109.6 million).The reduction to the global harvest figure was a product of lower forecasts for Cote d’Ivoire (-200,000 bales, from 800,000 to 600,000), Mali (-110,000, from 1.1 million to 990,000), and Brazil (-100,000, from 6.7 to 6.6 million). The largest country-level revisions to mill-use figures included those for China (+500,000 bales, from 32.0 to 32.5 million), Pakistan (+500,000, from 9.6 to 10.1 million), Bangladesh (-100,000, from 5.8 to 5.7 million), Turkey (-100,000, from 6.4 to 6.3 million), and Indonesia (-400,000, from 3.2 to 2.8 million).World trade figures were mostly unchanged at 34.9 million bales. The stability in the global import and export forecasts contrasts with the series of revisions for both imports and exports. The Pakistani estimate was increased 600,000 bales (from 2.3 to 2.9 million) due to the combination of strong demand for textile exports as well as the smaller crop that resulted from adverse growing conditions. The increase in Pakistani imports was mostly offset by reductions to figures for Indonesia (-400,000 bales, from 3.1 to 2.7 million), Bangladesh (-100,000, from 5.7 to 5.8 million), and India (-100,000, from 900,000 to 800,000). Notable revisions to export figures included those for India (+250,000 bales, from 5.5 to 5.8 million), Brazil (+100,000, from 4.2 to 4.3 million), Cote d’Ivoire (-150,000, from 800,000 to 650,000), and Mali (-200,000, from 1.2 to 1.0 million).Price outlook Despite indications that another round of sales from the Chinese reserve system will begin sometime later this month, price-related details concerning an upcoming auction have yet to be released. The absence of a price-related announcement has been cited as a potential reason that Chinese ZCE futures moved higher over the past week. In turn, the upward movement in Chinese futures could have lent support to NY futures and the A Index. Strong U.S. export sales data, a weaker dollar, and increases in prices for other commodities may have also contributed to recent gains.Next month, price direction will be informed by the USDA’s release of its first complete set of estimates for the upcoming 2016/17 crop year. Preliminary USDA figures released in late February, as well as early forecasts from private forecasters, suggest that acreage in China will decrease further but that acreage in other major producing countries should be flat to higher.At the end of March, the USDA released results from its survey of U.S. producers and their planting expectations. Findings indicated that U.S. growers will plant 11% more cotton than last year. At 9.6 million acres, the amount forecast by the USDA survey is slightly higher than the volumes predicted by the National Cotton Council survey in early February and USDA analysts in late February.Last year, wet weather prevented cotton from being planted in certain regions of Texas and the Mid-South. This year has also gotten off to a wet start. Whether or not wet conditions persist can be expected affect the volume of acres actually planted and whether or not the increase in U.S. production will be proportional to the increase in expected acreage.

Economic Zones opening new door for investment: PM

sheikh hasina

The government efforts of establishing 100 Economic Zones (EZs) have opened a new door for the investment in the country, from both the local and foreign investors. Concerned authorities and the leading businessmen expressed the hope that the economic zones will lead the country towards a new height in terms of its economic growth. The Bangladesh Economic Zones Authority (BEZA) has so far selected 59 economic zones across the country while 47 has got government approval. Prime Minister Sheikh Hasina on February 28, 2016 inaugurated development work of the ten economic zones, opening the new door of investment for the investors. BEZA sources said that apart from five economic zones for China, India and Japan, a number of individual investors from several countries have shown their interests in investing in the economic zones.Alongside the local investors, individual investors from many countries, especially from India, China, Japan, Hong Kong, Taiwan and Sri Lanka are expressing their interests to invest in the economic zones, sources at BEZA said.“Individual investors especially from far-east and south-east countries are showing interests and continuing consultations with us. EZs will be able to attract huge investment in the country which will boost the country’s economy”, said BEZA Executive Chairman Paban Chowdhury.He also said, “The process is on, but it does not mean that all the investors who show interest can invest in Bangladesh.” Although a section of entrepreneurs has expressed little confusion over the proper management of gas, power and energy but the country’s businessmen lauded the new effort of the government as the new move would help create a new hub of safe investment. “Though the country’s investment is going through a slack condition, the economic zones would change the scenario,” Shafiul Islam Mohiuddin, senior vice-president of the FBCCI told daily sun. Lauding the move on developing EZs, he said that if the government is really able to provide gas and power in the economic zones, surely it will be an outstanding place for investment. The government should accommodate all the facilities at the EZs so that the investors can come up with investment without any fear, said Mohiuddin.“I believe that the incumbent government is capable to arrange all the necessary arrangements”, he said. Mentioning that the EZs will play significant role in ensuring economic growth, he said, earlier little arrangement was made from the government for creating the scope for huge investment, but the incumbent government has done the excellent task. It will be a great scope for the investors. However, BEZA officials assured that the arrangement to ensure all facilities for the safe investment in the economic zones has been made.Sources said limitation of getting land for the greater investment was one of the main constraints to go for greater development. Now the constraint has gone with the government move of establishing 100 economic zones and obviously it will open the way for investment. The ten economic zones alone get more than three thousand acres of land.BEZA officials said, since the government has announced huge incentive packages for the investors, it will attract extensive investment from both the Bangladeshi and foreign investors.The government has already opened the development work of ten economic zones. Of them, six are private economic zones—Abdul Monem Economic Zone in Munshiganj, AK Khan Economic Zone in Narsingdi, Aman Economic Zone in Narayanganj, Bay Economic Zone in Gazipur and Meghna Economic Zone and Meghna Industrial Economic Zone in Narayanganj. The four public economic zones are Mongla PowerPac Economic Zone, Mirsarai Economic Zone, Srihatta Economic Zone in Moulvibazar and Sabrang Economic Zone in Teknaf.According to the BEZA list, the other approved public economic zones are Anwara EZ (Gahira), Sirazganj EZ,  Anwara-2 EZ, Shreepur EZ, Dhaka IT SEZ, Jamalpur EZ, Narayanganj EZ, Naraynaganj-2 EZ, Panchagarh EZ, Narsingdi EZ, Ashugonj EZ, Nilphamari EZ, Manikganj EZ, Bheramara EZ in Kushtia, Agailjhara EZ in Barisal, Bhola sadar EZ, Bhola Sadar EZ, Dhaka Economic Zone at Dohar, Habigonj Economic Zone, Shariatpur EZ in Jajira, Shariatpur EZ-2 in Goshairhat, Jaliardip Economic Zone, Teknaf EZ in Cox’s Bazar, Moheshkhali-1 EZ in Cox’s Bazar, Cox’s Bazar Special EZ in Moheshkhali, Moheshkhali-2 EZ in Cox’s Bazar, Moheshkhali-3 EZ in Cox’s Bazar, Moheshkhali Special Economic Zone in Cox’s Bazar, Natore Economic Zone (Agro Food Processing Zone), Araihazar Economic Zone in Narayanganj, Rajshahi Economic Zone, Sherpur EZ, Feni Economic Zone and an EZ in Mongla for Indian investors. Couples of private economic zones are Garments Shilpa Park by BGMEA in Munshiganj, Famkom Economic Zone PEZ in Bagerhat and Comilla EZ.BEZA said that ten more economic zones will be ready by next December for the development work.BEZA Executive Chairman said that they got more than 30,000 acres of land in the Mirershorai and Feni areas where they can develop 20-25 economic zones. EZ will be the heart of Bangladesh as the government has been offering attractive incentive for the investors.It may be mentioned that BEZA is attached with the Prime Minister’s Office and is mandated to establish, license, operate, manage and control economic zones in Bangladesh. BEZA started its journey in 2010 through the approval of Economic Zones Act-2010 to attract both the foreign and domestic investors.In 2012, five economic zones were selected on pilot basis. With the difference of three years, now the number of economic zones stands at 59. It has planned to establish 100 economic zones across the country over 75,000 acres of land and to create job for 10 million people in the economic zones.

RMG BANGLADESH NEWS