The Bangladesh Economic Zones Authority (BEZA) will set up the country’s first Defence Industrial Zone in Mirsarai, Chattogram, and the first Free Trade Zone in Anwara in the district, said BEZA Executive Chairman Chowdhury Ashik Mahmud Bin Harun on Monday.
The decisions in this regard were taken at a meeting of the Investment Promotion Agency (IPA), chaired by Chief Adviser Prof Muhammad Yunus, Ashik Mahmud said at the post-meeting press conference held at the Foreign Service Academy.
While the military equipment manufacturing zone will be developed on about 850 acres of land in Mirsarai, the Free Trade Zone will be set up on a 600-acre land in Anwara, the BEZA chief said.
BEZA has already held consultation with the Armed Forces Division on developing the defence manufacturing zone, he added.
Ashik said the zone will initially focus on the production of basic warfare equipment. “Recent wars have shown that shortages often arise in basic military items such as bullets or tank components. If we have a dedicated zone to produce these locally, it will not only meet our own needs but also create a scope for exports in the future.”
He said the land earmarked for the project had remained unused after the previously planned Indian Economic Zone was cancelled. “Several countries have already expressed interest in investing in this defence industrial zone, but their names cannot be disclosed due to security and confidentiality reasons.”
On arms exports, Ashik said Bangladesh’s existing arms-manufacturing facilities are not sufficient to meet full domestic demand.
“Once this zone is operational, we will gradually meet local demand and then move towards exports. Initially, work may begin on around 50 acres, with expansion taking place in phases. It has already been included in the master plan,” he said.
Ashik said the Free Trade Zone (FTZ) will allow any country to store goods there without customs complications. “Dubai earns around $194 billion annually from a similar free trade zone, which accounts for 34% of its GDP. Bangladesh also wants to tap into the potential of the Bay of Bengal in the same way.”
Referring to trade facilitation, he said the absence of a free trade zone is one of the reasons why American cotton does not come to Bangladesh in large volumes. “If an FTZ is set up here, exports will become easier. Countries like the United States could also use this zone to re-export goods to other destinations such as Vietnam.”
The BEZA Executive Chairman said establishing a free trade zone would require amendments to eight legal and regulatory provisions involving multiple ministries. “We are completing the policy-level work. The elected government will carry out the execution.”
Ashik also said BEZA has decided to work on reviving the Kushtia Sugar Mill on 200 acres of land. In addition, to protect agricultural land, BEZA has decided to bring 331 municipalities—previously outside its jurisdiction—under its purview.
These initiatives are part of a broader effort to promote planned industrialisation while safeguarding agricultural land.
Bd-pratidin English/TR
