BEPZA, an acronym for Bangladesh Export Processing Zones Authority, is a governmental organization established by the Government of Bangladesh to promote and regulate export-oriented industrialization within the country. It acts as a regulatory body responsible for the development, management, and supervision of export processing zones (EPZs) in Bangladesh.
Export processing zones are designated areas that offer a conducive environment for businesses to operate manufacturing and exporting activities. They provide various incentives and benefits to attract foreign investment, stimulate economic growth, and foster export-oriented industries. EPZs typically offer infrastructure facilities, tax exemptions, duty-free import of raw materials, streamlined bureaucratic processes, and access to reliable utilities, among other advantages.
BEPZA, as the governing authority, creates a favorable business environment for both local and international investors within the EPZs. It formulates policies, sets guidelines, grants licenses, monitors compliance, and manages the overall operations of the EPZs. By doing so, it aims to provide a one-stop solution and a single point of contact for all matters related to export-oriented industries and their development.
The main objective of BEPZA is to attract foreign direct investment, create employment opportunities, enhance export earnings, and facilitate technological transfer. It collaborates with various local and international stakeholders, such as government agencies, investors, industry associations, and workers, to ensure the smooth functioning and sustainable growth of the export processing zones within Bangladesh.
