Government has finally decided to award operating license to country's largest private export zone- Korean Export Processing Zone (KEPZ) after an unexplained delay of five years.
KEPZ headed by Korean company Youngone had invested Tk100 crore between 1999 and 2003 to buy land for the zone but the contemporary Government refused to grant the license.
KEPZ is planning to install 500 industrial units with the investment of $1 billion and it also plans to set up a range of garment and textile units in the zone.
The zone is expected to provide employment to 100,000 people directly and to another 200,000 indirectly.
marketing@alchempro.com
