Date: 28th Jun 2018
Engr. H M Jahidul Islam
ALM Steel Building Technology Ltd.
House #466 (4th Floor), Road#31
New DOHS Mohakhali, Dhaka-1206
Subject: Investment Opportunities in Mongla Economic Zone, the First Public Private Partnership (PPP) Project in Bangladesh with most modern Facilities.
We are pleased to inform you that PowerPac Economic Zone (Pvt.) Limited, a concern of Sikder Group, is the first company that was awarded with a license for development and operation of Mongla Economic Zone (MEZ) under Public Private Partnership (PPP) model with Bangladesh Economic Zone Authority (BEZA).
Bangladesh is a developing country which is classified as a Next Eleven emerging market and one of the Frontier Five. It has been growing at a sustained annual GDP growth of 7.24% (2016-17). The government of Bangladesh has taken initiatives to
establish 100 Economic Zones on 30,000 hectares of land in the next 15 years with
employment generation for 10 million people.
PEZ’s Vision & Mission:
In response to the government initiative, PowerPac Economic Zone (Pvt.) Limited (PEZ) has been established with the purpose to start-up and development of efficient industrial activities through absorption and conduction of domestic and foreign investment using modern technology and providing special service towards national quantitative and qualitative boom. PEZ is the first Economic Zone in Mongla, Bagerhat, Bangladesh awarded on Public Private Partnership (PPP) basis under the Bangladesh Economic Zone Authority (BEZA). Our Economic zone will be the state of the art Economic Zone in the country with full of facilities and services.
According to The Environmental Act:
Achieving Environmental Clearance Certificate. – For the purpose of issuance of Environmental Clearance Certificate, the industrial units and projects shall, in consideration of their site and impact on the environment, be classified into the following four categories: (a) Green; (b) Orange – A; (c) Orange – B; and (d) Red.
Incentive for Investors:
Tax Holiday (Of 35% Corporate Tax Rate): Year (1 to 3): 100%; Year 4: 80%; Year 5 : 70%; Year 6: 60%; Year 7 : 50%; Year 8: 40%; Year 9: 30%; Year 10: 20%;.
■ Duty free import of raw materials, ■ Full repatriation of Capital and Dividend, ■ 20% sale of finished product to DTA, ■ Exemption from Dividend Tax (after tax holiday elapsed), ■ No ceiling of FDI, ■ 50% exemption of stamp duty, ■ Exemption of VAT on all utility services, ■ Sub-contracting with DTA allowed, ■ 50% exemption of registration fee, ■ Duty exemption on export, ■ Exemption of income from IT for expatriates’, ■ Foreign loan is allowed in compliance with existing laws, ■ FC Account for non-residents, ■ FC Account for both local & Joint Venture (JV) industry, ■ Foreign investors are free to enter into JV, ■ Tax exemption on royalties, technical fees etc., ■ Resident visa for investment up to USD 75,000 or more, ■ Citizenship for investment up to USD 500,000 or more, ■ 100% backward linkage raw-materials and accessories to sell for EOI in DTA, ■ Exemption of double taxation subject to Double taxation agreement, ■ Consider Export Processing Area of Economic Zone as custom bonded area, ■ Tax exemption on capital gains from transfer of shares, ■ Provision of transfer shares by foreign shareholders to local shareholders and investors, ■ Issuance of work permits to foreigners is allowed up to 5% of total officers/employees of a unit.
Present Site Conditions: Power and water supply facilities are available. Land filing, Boundary wall, Access road, Ansar (paramilitary force) camp, Admin building completed and internal development work are in progress. Plots will be ready for the investors to start their construction by mid of 2018.
■ Apparel/RMG, ■ Shoe Industries, ■ Steel & Re-Rolling Mills, ■ Cement Industry, ■ Chemical Industry, ■ Paper Industry, ■ Pharmaceuticals, ■ Light Engineering, ■ Food Processing,■ Ship Building, ■ Plastic Goods,■Furniture Factory,■ Automobile, ■ Jute, ■ Agro Products Industry, ■ Footwear & Leather, ■ Metal Product Industry, ■ Solar Energy, ■ Toy Industry ■ LPG Industry, etc.
★ One Stop Service (OSS) facilities by BEZA, ★ Power Supply, ★ Water Supply, ★ Central ETP (CETP),★ Fire Service,★ Emergency Ambulance,★Community Hospital, ★ Integrated Jetty,★ Ware House, ★ Tax Holiday,★ Duty free raw materials import, ★ Bank/Community Centre, ★ Helipad Facilities, ★ Training Centre, ★ School, ★ Residence/Housing, ★ Hotel/Day-care Centre, ★ Investor Club/Other Facilities. ★ Integrated Fire Station.
Present Site Conditions:
Power and water supply facilities are available. Land filing, Boundary wall, Access road, Ansar (paramilitary force) camp, Admin building completed and internal development work are in progress. Plots will be ready for the investors to start their construction by mid of 2018.
A snapshot of the Zone is as below:
Name : Mongla Economic Zone
Developer : PowerPac Economic Zone(Pvt.) Ltd.(A concern of Sikder Group).
Location : Upazilla: Mongla, District: Bagherhat,
Country : Bangladesh.
Gross Area : 205 Acres (83 hectares).
A detail brochure and Layout are attached herewith for your ready references.
You are most welcome to visit our Economic Zone and take the right decision for your next investment in Bangladesh, A NEW ERA OF EMERGING ECONOMY.
Please feel free to contact the under signee or the concern person named below for any further queries:
|Name : Mr. Jayson||Name : S.K. Amimul Islam|
|Design : Manager, Sales & Marketing||Design : Executive, Sales & Marketing|
|Cell :||Cell : +88-01796-494-540|
|Email : firstname.lastname@example.org||Email : email@example.com|