Cumilla Export Processing Zone | |
Native Name: | কুমিল্লা রপ্তানি প্রক্রিয়াকরণ অঞ্চল |
Industry: | Industrial / Export Manufacturing |
Founded: | 2000 (years ago) |
Founder: | Government of Bangladesh |
Headquarters: | Cumilla, Bangladesh |
Area Served: | Bangladesh |
Products: | Textiles, Leather Goods, Food Products, Electronics |
Services: | Export-oriented manufacturing services |
Num Employees: | 50,086[1] |
Parent: | Bangladesh Export Processing Zone Authority (BEPZA) |
Website: | Cumilla EPZ Official Website |
Comilla Export Processing Zone (bn|কুমিল্লা রপ্তানি প্রক্রিয়াকরণ অঞ্চল, abbreviated as CEPZ) is a Special Economic Zone of Bangladesh, located in the eastern city of Bangladesh, Cumilla.[2]
The Cumilla Export Processing Zone (CEPZ) was established in 2002 as part of a government initiative to promote export-led economic growth in Bangladesh. It was created to attract foreign direct investment (FDI) and facilitate industrialization in the region.
Since its inception, the CEPZ has experienced significant growth, attracting numerous local and foreign companies. Infrastructure improvements have also played a crucial role in its development, contributing to its status as a key industrial hub in the region.
The CEPZ hosts a variety of industries, including:
The CEPZ operates primarily in the export manufacturing sector, hosting a variety of industries including textiles, leather goods, food processing, and electronics. It provides a conducive environment for businesses to operate and export their products.
The CEPZ has made significant contributions to the local and national economy by:
The Cumilla Export Processing Zone is managed by the Bangladesh Export Processing Zones Authority (BEPZA), which oversees the administration and operations of all export processing zones in the country. BEPZA implements policies to support and regulate the zone's activities.
Despite its successes, the CEPZ faces several challenges:
The CEPZ aims to expand its facilities and attract new investments in the coming years. It focuses on sustainable industrial practices and the diversification of industries to remain competitive in the global market.