বৃহস্পতিবার, ২৪ আগস্ট, ২০১৭

A K Khan Economic Zone

Introduction
As one of the most Promising (per capita) Growth Prospects Countries, branded as next eleven (11) to be listed after the BRIC nation, Bangladesh economy is growing more than 6% even in current global economy dullness. The merit of geopolitical location between two big potential consuming markets of China and India is attracting the possible investors for various industries with 160million population, the lowest labor cost and the Promotion Policy of Special Economic Zone and Export Process Zone from Bangladesh Government. The young population with 57% of workers under 25 and the huge local market of big population will be the key points of development for future economy.
Recently, Bangladesh Government is in acceleration of Special Economic Zone to boost development of industry with competitive incentives through New Economic Zone ACT 2010. Dhaka City, Capital city of Bangladesh, is the nearest hinterland of AKKEZ (AK Khan  Economic Zone) project with 14million population and congested existing EPZs. Dhaka City is growing to north part, especially in north-east and north-west because of topographical character which is surrounded by big river in south part of Dhaka. The existing EPZs in north part of Dhaka area are congested already and there are no more rooms to absorb the market demand of new Economic Zone. When AKKEZ is constructed with the Inland River Container Terminal in the same site which is named as AKCT (AK Khan Container Terminal), it would be a great potential project to contribute to Economic Development of Bangladesh through the direct connection between Chittagong and Dhaka City by the massive container ship without any traffic congestion.


 Purpose of the Study
The Purpose of Feasibility Study is checking the Technical Feasibility and Financial Feasibility, with technical and financial study. After finding the possibility of the Project through Feasibility Study, this Feasibility Report can be used for the invitation of potential investors from Korea, Japan, Malaysia and Indonesia etc. Also, with the successful completion of AKKEZ, the following effect can be realized.
- Attract FDI into the country.
- Cost effective production facilities
- Create Employment opportunity.
- Technology transfer and skill development
- Development of Backward & Forward linkages.

Background of the Project
Bangladesh Government released the Bangladesh Economic Zones ACT 2010 to boost and promote the development of industry with allowance of Special Economic Zone in the country. This will be a prospective momentum of industry development to prepare the shift of industrial modernization from low labor based industry to a high-tech high-valued industry. Also, around area of the AKKEZ Project Site, north part of Dhaka, such as Narayanganj, Narsingdi, Gazipur, Tongi & Savar have no more capacity to accept the demand of Economic Zone. These existing Economic Zones are using Dhaka-Chittagong Road to transport their cargoes with trucks. It seems that the cost will be very high cause of delayed transportation time more than 4 and 5 days. The most beneficial merit of AKKEZ will be that AKCT (AK Khan Container Terminal) is developing in the same site to make easy the mass transportation between Dhaka and Chittagong Port with container ships without any traffic congestion. This special circumstance of AKKEZ will stimulate lots of potential investors who want to escape, relocate and establish their factories to Dhaka area because of their countries higher labor costs and transportation costs.

Vision
AK Khan Economic Zone (AKKEZ) at Danga, Palash, Narshingdi is a regional hub for maritime transportation and logistics services; a safe haven for investments in import and export processing industries based on a multitude of industries which may include vehicle components and machineries, electrical and electronics, metal-nonmetal, plastic and general processing, Agro, Garments and IT related services ; thus acting as an important lever for the economic growth of Bangladesh, the enhancement of the quality of life of the local communities and having catalyst effects to increase the economy keeping parity with global growth.

Mission
To improve the business environment of AKKEZ ; develop its infrastructure services; manage its strategic assets and facilities; and build its human-resource capabilities in order to attract local inward and foreign direct investments in transportation and logistics services, high-value-added industries with the approved master plan, best international practices, good governance and the sustainable use of natural resources. AKKEZ

Core Values
qTransparent, streamlined and proactive business environment in line with the needs of investors and established businesses.
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qOptimal and sustainable use of financial, natural and environmental resources.
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qEqual treatment for foreign and local investors.
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qMaximizing private sector participation in the development of the Zone.
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qGood corporate governance that values individual responsibility, timeliness of decision making, and institutional accountability based on achieved results.

Overview of the Project Site
qLocated at  Danga under Palash upazilla of  Narsingdi district.
qTotal Area is 200 Acres  where Industrial Plots cover 150 Acres and 50 Acres are reserved to provide Port Facility (AK Khan Container Terminal (AKKCT)  which is an integral part of the EZ.

qDistances from Dhaka City and Narayangonj industrial zone by Road are about 56 km an 57 km respectively. Dhaka-Chittagong Highway is  40 km away from AKKEZ. the distance is about 15 km From Narsingdi Industrial Zone and 24 km from Tongi, Industrial Zone.

qDirectly connected with Chittagong & Mongla port through river Meghna.
qWe welcome industries from diversified sectors like IT/ Telecommunication; Pharmaceutical; Chemicals; Aircraft instruments; Automobile/Motorbike; Electrical & Electronic  equipments; Medical, surgical & biological instruments; computer/ telecom accessories; Textiles; Readymade Garments; food or agro product  and so on.
A.K.KHAN Container Terminal : 60 Acres

Special Economic Zone      : 150 Acres

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