$15b export likely from Mirsarai EZ in 15 years

BRAC Bank joins BEZA for plantation


With an area of 30,000 acres of land, Shilpanagar at Mirsarai, Sitakunda & Sonagazi is about to become the most modern economic zones of Bangladesh with world-class business and industrial centre and facilities. This special economic zone is projected to generate 1.5 million employment that would fetch USD 15 billion export earnings in the next 15 years.

To support the BEZA in ensuring green industrialization, BRAC Bank Limited has partnered with the Bangladesh Economic Zones Authority (BEZA) for tree plantation at Bangabandhu Sheikh Mujib Shilpanagar in Chattogram. BRAC Bank is to provide financial support for a massive forestation project on the premises of Bangabandhu Sheikh Mujib Shilpanagar at Mirsarai. With the zone’s proximity to the Bay of Bengal, the forestation project, covering 500 acres of land, will help protect the coastal belt as well as add to its beautification. BRAC Bank will use its Corporate Social Responsibility fund for this project, said a press release.

With an area of 30,000 acres of land, Shilpanagar at Mirsarai, Sitakunda & Sonagazi is about to become the most modern economic zones of Bangladesh with world-class business and industrial centre and facilities. The special economic zone is projected to generate 1.5 million employment and USD 15 billion export earnings in next 15 years.

As a token of the partnership, Chowdhury Akhtar Asif, Deputy Managing Director and CRO, BRAC Bank, handed over saplings to Paban chowdhury, executive chairman, BEZA at a programme at BEZA office in Dhaka. Speaking on this occasion, Chowdhury Akhtar Asif said: “As a member of the Global Alliance for Banking on Values, BRAC Bank believes in the philosophy of people, planet and profit and works towards making the environment healthier and planet more habitable for all. Our partnership with BEZA manifests our strong commitment to sustainability and care for the planet. We strive to contribute to reduce the carbon footprint of Bangladesh through our green financing and green initiatives.”

Honorable Prime Minister Sheikh Hasina directed BEZA to establish economic zones taking note to environment. She underscored on building water reservoir, embedding Jhau trees and mangrove forest around coastal industrial zones. With a view to implementing this, BEZA is scheduled to plant around 20 lakh trees in all economic zones within 2025. 

These trees will be planted on roads, embankments and other selected areas. BEZA Chairman said that BEZA wants to emphasize on economic development focusing on environmental protection. He added, tree plantation will be made mandatory for each industrial unit in the economic zone. Mohammed Ayub, Executive Member Admin and Finance, BEZA and Tareq Refat Ullah Khan, Head of Corporate Banking; were also present at the partnership ceremony held at BEZA Headquarters on June 10, 2019.