PowerPac Economic zone Mongla

The Ideal Place For Your Investment In Bangladesh

General information

Official NameThe People’s Republic of Bangladesh
Political systemParliamentary democracy
Capital nameDhaka
Time zoneGMT + 6 hours
Major citiesDhaka, Chittagong, Khulna, Rajshahi, Sylhet, Barisal, Rangpur
Principal riversPadma, Meghna, Jamuna, Brahmaputra, Teesta, Surma,Karnaphuli.
(total 310 rivers including tributaries)
Principal industriesReady made garments, pharmaceuticals, cements, garment accessories, chemicals, fertilizers, newsprint, leather and leather goods, paper, sugar, jute, ship building
Principal exportsReadymade garments, frozen foods (shrimps), leather, leather products, jute, jute products, tea, ceramic, textile fabrics, home textile, chemical product, light engineering products including bi-cycle.

Economic Status

Growth in FY2017 (ended 30 June 2017) was higher than expected as consumption picked up in response to rising income and as public investment strengthened. Inflation was lower than projected, and the current account moved into deficit, as expected, with a wider trade deficit and lower remittances. For FY2018, this Update retains the Asian Development Outlook 2017 growth projection but anticipates slightly lower inflation and a larger current account deficit. Recent flooding is unlikely to affect growth, which could improve if infrastructure development accelerates. Mobilizing domestic revenue remains a priority.

About Sikder Group

  • Sikder Group has grown from strength to strength, adopting a highly ambitious, quality-driven, goal-oriented business methodology that evolves with most of the major business needs and requirement in the public sectors. Presently, Sikder Group is recognized as one of the largest group in Bangladesh.
  • The industrial and infrastructure business house of Sikder Group is one of the pioneers in establishing the image of local & International corporate giants or conglomerates in Bangladesh.
  • Since its inception in early 50s by Mr. Zainul Haque Sikder, it has been involved in Infrastructure Development for several decades.
  •  Today it is a role model for the nation in the field of combining various sectors, such us Power, Real Estate, Healthcare, Banking, Insurance, Aviation, Economic Zone, Ports and Restaurant to attain synergistic growth through expansion and diversification.
  • Group’s infrastructure development started with building bridges, dredging, reclaiming, landfilling, developing, roadways, water, electricity supply, hospital, medical college, school and residential facilities.
  • In the Year 2010, Company decided to diversify into Large Infrastructure Developments, namely Power Generation, Highways, Bridges, Ports, Economic Zone, etc.

Strategic Location of PowerPac Economic Zone Mongla

PEZM is strategically well connected with the capital and other major cities in Bangladesh. It is located
beside the river Mongla and Mongla Sea Port is only 2 km away from the site. It is bounded by Upazila
Rampal in the North, Mongla EPZ on the South, the Mongla River in the east and the Pashur/Mongla
Port on the west.

Investment Opportunities in PowerPac Economic Zone Mongla

The First Public Private Partnership (PPP) Project in Bangladesh with most modern Facilities.

Developer of PowerPac Economic Zone Mongla

POWERPAC ECONOMIC ZONE (PVT.) LIMITED, a concern of Sikder Group, the first company that was awarded with a license for 50 years to Design, Build, Finance, Own, Operate and Transfer (DBFOOT) of Mongla Economic Zone, Bagerhat under Public Private Partnership (PPP) model with the support of Bangladesh Economic Zones Authority (BEZA), vide permit no. 03.751.014.00.04.010.2012-624, dated 28/05/2015.

Overview

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.

Bangladesh Global Recognition

Bangladesh has fulfilled the eligibility requirements to become a “Developing Country”
status; this was officially approved by UN in March, 2018.

  • Goldman Sachs included Bangladesh in its “the Next 11” list of growing economies in the
    World.
  • JP Morgan recognized it as the Frontier Five (2007).
  •  S&P rated BB (country rating) indicating long-term stability.
  • Ranked 107 by “Doing Business” report of World Bank – better than India which is at 134.
  • Ranked 26th in the A. T. Kearney Global Services Location index.

Why Bangladesh is your optimum investment destination

Bangladesh is situated in South Asia between 20º34’ and 26º38’ North Latitude and 88º01’
and 92º41’ East Longitude.

  • Intensive Labor, Technology and Capital Industries.
  • Low-Cost Work Force and easily trainable labor: The average cost of factory labor is about
    $ 3 a day in Bangladesh where $ 7 in Vietnam, $ 9 in Indonesia and $ 28 in China.
  • Low-Cost Energy: Lowest power energy cost in Bangladesh is $ 0.12/Unit where $ 0.124 in
    Indonesia, $ 0.128 in Malaysia and $ 0.177 in Cambodia.
  •  Government of Bangladesh has started construction works of largest Padma Bridge, which is
    expected to be completed by the end of 2020.

Water Access

Open Sea (Outer Bar)

The first 40 km of Fairway is in the Bay of Bengal. This segment is a self-navigable channel, marked by a series of the buoys. Water depth at the bar is about 7 meter. As such, ships drawing 7.5 meters can cross the bar in all seasons and up to 8.5 meters during the wet season.

Hiron Point to Mongla (Inner Anchorages)

This is the main segment of the channel. The pilot station is at Hiron Point, located near a deep sheltered basin where the ship can wait for the pilot. The sailing from Hiron to Mongla is about 90 km.

Mongla Port

The upper segment includes the turning basin and jetties of Mongla Port. Ideally, this area is dredged to create a “berthing pocket” alongside the jetty, allowing
continuous operations (cargo handling) of ships, regardless of the tide situation. About 5 km south of the port is a naturally deep basin of about 8.5 meters.

  • Khulna-Mongla Railway Line: GOB already approved construction of 53km long Khulna-Mongla Railway Line to connect the country’s second seaport Mongla with the railway network. This will pave the way to connect the proposed Economic Zone with the main rail network and rest of the country.
    Expanding stock market trend.
  • Legal protection to all foreign investments in Bangladesh is provided by an Act of Parliament passed in 1980 against nationalization and expropriation.
  • English is the second language of the country (official language is Bangla) and widely used in business, commerce and education.
  • Bangladesh’s economy has been maintaining an impressive growth rate of more than 6.14% on an average over the last 5 years.
  • Trade Policy: Bangladesh enjoys duty-free and quota-free access to many developed countries. It has signed treaties with 28 countries to avoid double taxation.
  • Economy offers a most liberal FDI regime in South Asia, with no prior approval requirements or limits on equity participation and repatriation of profits and income in most sectors.

PowerPac Economic Zone Mongla at a Glance

DESCRIPTIONDETAILS
Total area in Acres205
Area available for future
expansion
Yes
AirportProposed Khan Jahan Ali A irp ort at Ra m pal
(20 km )
Jesso re Domestic Airpo rt (105 km)
Roadways 170 K m from Dhaka to Mongla (through Mowa)
Nearest port facilityMongla Port (2 km)
Land developmentCompleted
Boundary wallCompleted
ElectricityOn-site 11/33 KVA Substation is ready
WaterAvailable
Sewage/Solid Waste treatmentTreatment plant will be built
Telecommunications
Already available in the region

PEZM Layout

Infrastructure Facilities in PEZM

  • ETP, WTP, CETP
  • Entranc e Plaza
  • Place of Worship
  • Guest House
  • Convention center
  • Admin Building
  • Bank
  • Insurance C ompany
  • Retail stores
  • Warehouse
  • Hospital & First Aid
  • Investors Club
  • Residential arrangement
  • Training center
  • Day Care facilities

WHY INVEST IN PowerPac Economic Zone Mongla

Presence of Mongla Port adjacent to the PEZM and existing Export Processing Zone (EPZ) will provide most cost-effective and timely logistic support resulting in sustainable logistic service.


Captive PowerPlant

OneStop Service

Water Treatment Plant

2 Cargo Jetties


International Management Team

Sewerage Treatment Plant

Waste Management Plant

Connecting Bridge


Hassle Free Land

Effluent Treatment Plant

Uninterrupted Utility Service

Integrated Fire station after jetties

28 One stop Services

Hassle-free Business in Economic Zone

A Safe, Secure & Friendly Platform For Your Investment At Power Economic Zone Mongla

BEST PLACE FOR INCENTIVES & BENEFITS

Hassle-free Business in Economic Zone

Incentives & Benefits for Invest in Economic Zone Mongla

 

Other Facilities

  • Duty free im port of raw materials.
  • Full re p a tria tio n of Capital and Dividend.
  • 20% sale of the finished product to Domestic Tariff Area (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 from the registration fee.
  • Duty exemption on export.
  • Exemption of income from IT for expatriates’.
  • The 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 in JV.
  • Tax exemption on royalties, technical fees etc.
  • Resident visa for the investment of USD 75,000 or more.
  • Citizenship for the investment of USD 500,000 or more.
  • 100% backward linkage rawmaterials 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. Domestic Tariff Area (DTA).

INVESTMENT & DEVELOPMENT

Hassle-free Business in Economic Zone

Unit Investors

1. Inline Cargo Depo (ICD)

5. PowerPac Petroleum Limited

2. PowerPac Steel Mills Limited

3. PowerPac Keraniganj II Power Plant Ltd. (160MW)

4. PowerPac Mutiara Khulna Power Plant Ltd. (100MW)

INVESTMENT & DEVELOPMENT IN POWERPAC EZ

Hassle-free Business in Economic Zone

Development Activities

Connecting Bridge

Sub Station Area

BEZA Admin Building

Top View of the site

Ansar Camp

Thank You For Your Interest At PEZM


Level 12 Monem Business District
111, Bir Uttam C.R. Dutta Road
Karwanbazar, Dhaka-1205, Bangladesh
Phone : +88029632482

Developer

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