Dhaka, April 8:
Bangladesh plans to set up special economic zones (SEZs) across the country soon to spur economic growth in the impoverished nation, a minister said.
â€œThe SEZs would be set up to boost industrial expansion,â€ the countryâ€™s interim minister for power and energy Tapan Chowdhury said.
â€œIn this economic zone, both foreign and local investors will enjoy equal incentives,â€ he said in a statement, without elaborating Bangladesh already has eight export processing zones (EP-Zs) where more than 250 industries operate with a total investment of $1.08 billion.
The industries employ more than 200,000 people and account for some 20 per cent of the countryâ€™s $10.5 billion annual export trade. Plans for another 151 industries with an investment of nearly one billion dollars are at various stages of implementation, the governmentâ€™s EPZ spokeswoman Nazma binte Alamgir said.