BEPZA signs agreements with 4 companies to create industries
Officials from the Bangladesh Export Processing Zones Authority and four local and foreign companies pose for a photo after signing land lease agreements to set up industries in the BEPZA economic zone. –BSS photo.
Bangladesh Export Processing Zones Authority has signed land lease agreements with four local and foreign companies for the first time to set up industries in BEPZA economic zone.
Three all-foreign companies from the United States, China and Sri Lanka and one Bangladeshi company signed the agreements at the city’s BEPZA complex today, according to a press release.
They will invest US$50 million in garments, clothing accessories, camping equipment and shoe accessories industries, which will create job opportunities for 23,453 Bangladeshi nationals.
On behalf of BEPZA, Member (Investment Promotion) Ali Reza Mazid and Director of Univogue Garments Company Limited Jagath Priyantha, Chairman of Fengqun Composite Material Co, (BD) Ltd He Zaiqun, Representative of Campex (BD) Limited Shahadat Musharraf Khan and managing director of TexTrim Labels (BD) Limited Abul kalam Sikder signed the agreements on behalf of their respective organizations.
The process of establishing industries in the BEPZA Economic Zone in Bangabandhu Sheikh Mujib Shilpa Nagar officially begins with the signing of these agreements.
Principal Secretary to the Prime Minister Ahmad Kaikaus said BEPZA has a unique magnetic power to attract investment which ultimately contributes to the economic development of the country.
BEPZA not only helps integrate into the global economy, but also improves people’s living standards, he added.
Mentioning the signing of the agreement as the start of a new era, the principal secretary hoped that more giant industries will come to the BEPZA economic zone in the coming days.
Congratulating the new investors, Executive Chairman of BEPZA, Major General Abul Kalam Mohammad Ziaur Rahman said that BEPZA is now one of the most successful organizations in the country given its experience, capabilities, expertise and his professional excellence acquired during his 40 years of service to the country. export-oriented industries.
Investor confidence has made BEPZA a brand on the world stage, he added.
Referring to the signing of the land lease agreement of BEPZA economic zone as a milestone in the growing success of BEPZA, he said that in light of the experience and capabilities, BEPZA will also succeed in operating the economic zone. .
The Executive Chairman of BEPZA said that Prime Minister Sheikh Hasina has drawn up a major plan to establish 100 economic zones in the country with the aim of taking the country’s industrial sector to the next level in light of the dream of the Father of the Nation Bangabandhu.
The BEPZA economic zone is an excellent result of this vision, he added.
Major General Abul Kalam Mohammad Ziaur Rahman said: “We received applications for 643 industrial plots against 539 no. which is very encouraging. In the first phase, we received the application of 81 entrepreneurs against the 160 prepared. of industrial land of which 6 companies have received final authorization, of which 4 companies have signed lease contracts today.’
He hopes that the companies can start commercial operation as soon as possible by completing the construction work of the factory building and that BEPZA will provide all kinds of cooperation and support to them.
The Executive Chairman of the Bangladesh Economic Zones Authority (BEZA), Shaikh Yusuf Harun, said, “This is undoubtedly a commendable achievement for BEPZA that will accelerate the flow of investments in the future. .
He said that BEPZA operates its EPZs successfully and efficiently, which is an inspiration to BEZA.
He hopes that BEZA and BEPZA can contribute more to the development of the country by working together.
Chairman of the Bangladesh EPZ Investors Association (BEPZIA), SM Khan, said the investment-friendly atmosphere created by BEPZA for investors over the past 40 years is excellent.
He thanked BEPZA on behalf of the investors.
Among the signatories, the Sri Lankan industry M/s. Univogue Garments Company Limited will establish a garment industry with an investment of $36.49 million.
The company will produce 32.14 million pieces of woven stockings and woven jackets annually where 17,896 Bangladeshi nationals will have employment opportunities. Ms. Fengqun Composite Material Co., (BD) Ltd., a wholly foreign-owned Chinese company, will establish a shoe accessories industry with an investment of $2.22 million.
The company will produce 35,000 tons of shoe accessories (foam, PU foam insole, lamination products, footwear, etc.) and packaging items (cartoon, carton box, inner box) every year. , chipboard packaging, etc. The venture will create employment opportunities for 360 Bangladeshi nationals.
Ms. Campex (BD) Limited, a US-owned company, will set up a tent, tent accessories and outdoor clothing manufacturing industry with an investment of $10 million where 5,000 Bangladeshi nationals will have job opportunities. The company will produce 5 million pieces of tents, backpacks, packing bags, cinema screens, projectors, screen walls, lockers, sunscreens, balcony screens, seat covers, camping furniture, raincoats, jackets , etc per year.
Bangladeshi company M/s. TexTrim Labels (BD) Limited will establish a clothing accessories and paper converting industry with an investment of $1.27 million that will create employment opportunities for 197 Bangladeshi nationals.
The company will annually produce 11,717 tons of thermal self-adhesive labels, plotter marking paper, care labels, master cartoon boxes, screen printing, thermal transfer and transfer labels, labels, etc.
Mentionable, Prime Minister Sheikh Hasina unveiled the foundation stone of BEPZA economic zone established on 1138.55 acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar on January 24, 2018.
According to the master plan, 539 nos. of industrial land of 3600 m² each with modern equipment will be located here. It will be possible to establish 300-350 industries, create job opportunities for about 5 lakh Bangladeshi nationals and attract investment of about US$4.5 billion after being fully operational.