KEPZ to Expedite Land Registration Process

Economic Tag: FDI, Govt.

The governing body of the Korean Export Processing Zone (KEPZ), led by Chief Adviser Prof Muhammad Yunus, held its first meeting in nine years to enhance the park’s appeal as a foreign direct investment hub. Key decisions included fast-tracking land registration, simplifying bond licensing, and decentralizing KEPZ’s administration to BEZA. The meeting addressed critical issues such as land rights, ports, customs, and labor laws, aiming to signal that Bangladesh is open for business. A temporary SWAT team was formed within BIDA to tackle challenges, and officials emphasized the government’s commitment to swift, effective action to improve the investment climate. KEPZ, managed by Youngone Corporation, currently employs over 34,000 workers and has substantial green space.

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