General

Korean EPZ, Startup Bangladesh Limited and Bangladesh Hi-Tech sign MoU

A tripartite memorandum of understanding (MoU)

has been signed today among Bangladesh Hi-Tech Park Authority, Startup

Bangladesh Limited and Korean Export Processing Zone (KPZ) with a view to

increasing private investment.

Hosne Ara Begum, Managing Director of Bangladesh Hi-Tech Park Authority,

Tina Jebin, Managing Director of Startup Bangladesh Limited, Kihak Sang,

Chairman and CEO of Korean EPZ signed the MoU on behalf of their respective

sides at KPZ auditorium in Anwara in Chittagong, said a press release.

State Minister for Information and Communication Technology (ICT) Junaid

Ahmed Palak was present as the chief guest at the signing ceremony. Korean

Ambassador to Bangladesh Lee Jang-keun, Senior Secretary of ICT Department NM

Ziaul Alam and officials concerned, among others, were present on the

occasion.

Under the agreement, the proposed Hi-Tech Park on about 100 acres land of

Korean EPZ was declared as a private Hi-Tech Park by the Bangladesh Hi-Tech

Park Authority. It will also provide policy support for investment as well as

work jointly.

Bangladesh Hi-Tech Park Authority will assist in setting up specialized

labs at Korean EPZ. At the same time, various facilities including training

will be provided to the entrepreneurs.

The state minister said Prime Minister Sheikh Hasina has allotted

2,500,000 acres of land in Chittagong in 1999 to set up a Korean EPZ to

attract foreign investment in the country.

Currently, KPZ has more than 25,000 jobs. He said the declaration of the

Korean EPZ as a private high-tech park would create investment and more than

20,000 jobs.

Earlier, the state minister visited various factories of KPZ, the press

release added.

Source: Bangladesh Sangbad Sangstha (BSS)