Experts for integrated efforts to achieve targets of SEZs

Bangladesh Sangbad Sangstha . Dhaka | Published: 00:00, Sep 10,2019


Bangladesh Institute of Bank Management executive committee chairman and Bangladesh Bank deputy governor SM Moniruzzaman attends as chief guest a workshop on ‘Business Facilitation in Special Economic Zones by Banks in Bangladesh’ at the BIBM in Dhaka on Monday. BIBM professor and director (training) Shah Md Ahsan Habib and former Dhaka University professor Barkat-e-Khuda were present, among others. — New Age photo

Experts at a workshop on Monday urged all entities concerned to provide integrated efforts for achieving the targets of Special Economic Zones (SEZs).

They made the call while speaking at a workshop on ‘Business Facilitation in Special Economic Zones by Banks in Bangladesh’ held at the Bangladesh Institute of Bank Management (BIBM) in the city, said a press release.

Chairman of BIBM executive committee and deputy governor of Bangladesh Bank SM Moniruzzaman attended the workshop as the chief guest while BIBM Professor and director (training) Shah Md Ahsan Habib delivered the welcome address.

Former Dhaka University professor Barkat-e-Khuda chaired the programme.

Shah Md Ahsan Habib presented a paper titled ‘Business Facilitation in Special Economic Zones by Banks in Bangladesh’.

Moniruzzaman said the government had taken the initiatives to become a developed nation under Vision 2041.

‘The government planned to set up at least 100 public and private SEZs across the country. The main objective of the SEZs is to encourage rapid economic development through increase and diversification of industry, employment, production and export,’ he added.

In this regard, he said, effective business facilitation by banks and financial institutions in SEZs are crucial for their sustainability.

He said BEPZA Act, Bangladesh Economic Zones Authority Act and the Bangladesh Hi-Tech Park Authority Act have been enacted to boost industrialisation and job creation through the promotion of trade and investment in the country in those areas.

‘Besides, as the regulatory and supervisory authority of the banking industry, Bangladesh Bank is issuing different circulars for all business facilitation by banks in special economic business areas,’ he added.

Barkat-e-Khuda said the main objective of Bangladesh was to achieve higher GDP growth and make an export based economy. Export Processing Zones (EPZs) and Economic Zones (EZs) are playing a vital role in achieving the goals,’ he added.

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