Mirsarai EZ Prepares for Investment Influx

Economic Tag: FDI

The Mirsarai Economic Zone, now known as Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), covering 33,800 acres, is poised for an influx of investments. The EZ aims to produce and export goods worth $25 billion and generate 1.4 million jobs by attracting both local and foreign investments and offering various tax-exemption incentives. Currently, five industrial units are operational in the EZ, with 22 under construction.

Investors can enjoy benefits such as a 100% income-tax waiver for the first three years, an 80% to 20% waiver from the fourth to tenth years, and no tax on dividends, capital gains, royalty, or technology know-how for ten years. Additionally, there will be exemptions for value-added tax (VAT) on utilities, tax on foreign workers’ income for three years, and duty-free import of capital machinery and construction materials. The EZ is set to boost economic development in the region while attracting significant investment interest. Companies like Marico Bangladesh Ltd and Modern Syntex Ltd have already set up operations in the area.

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