Prime Minister Sheikh Hasina will inaugurate 50 industrial units, projects and facilities in Economic Zones (EZs) on October 26 marking the 50 years of independence. Of the planned 100 economic zones, the government has approved 97 economic zones, 28 of which are currently under development. So far, 12 privately owned economic zones have received licenses to operate and nearly $4 billion have been invested in these economic zones. It is also expected to produce and export products worth $40billion annually in these economic zones. Investors can avail of tax holiday, duty-free imports of raw materials and machinery at the economic zones.

Source: Dhaka Tribune October 21, 2022 17:38 UTC