Bangladesh Export Processing Zone Authority (BEPZA) has received four companies’ investment of USD $ 50 million to set up industries at BEPZA Economic Zone-Bangabadhu Sheik Mujib Shipla Nagar at Mirsharai in Chattogram.

BEPZA and four companies (1 local and 3 foreign) signed land lease agreements in this regard at BEPZA BEPZA Complex in the capital on Saturday.

The companies will invest $ 50 million in garments, garments accessories, camping equipment and shoe accessories industries which will create employment opportunities for 23,453 Bangladeshi nationals.

Principal Secretary to the Prime Minister Dr. Ahmad Kaikaus was present in the signing ceremony as the chief guest.

Speaking on the occasion Kaikaus said BEPZA has a unique magnetic power to attract investment which ultimately contributes to the economic development of the country.

BEPZA is not only helping to integrate with the global economy but also upgrading the life standards of the people, he added.

He treated agreement signing as the beginning of a new era and hoped that more giant industries would come in the BEPZA Economic Zone.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, said BEPZA is now one of the most successful organizations in the country considering its experience, capabilities, expertise and professional excellence achieved during the journey of 40 years in serving the country's export-oriented industries.

Investors’ confidence has made BEPZA a brand in the global arena, he added.

Referring to the land lease agreement signing of BEPZA Economic Zone as a milestone in the growing success of BEPZA, he said that BEPZA will be successful in operating the Economic Zone.

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Prime Minister Sheikh Hasina made a significant plan to establish 100 Economic Zones in the country aiming to take the country's industrial sector to the next level in light of the dream of Father of the Nation Bangabandhu, BEPZA Chairman said.

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. HeZaiqun, Representative of Campex (BD) Limited Shahadat Musharraf Khan & 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 BEPZA Economic Zone at Bangabandhu Sheikh Mujib Shilpa Nagar starts officially by signing these agreements.

Shaikh Yusuf Harun, Executive Chairman of Bangladesh Economic Zones Authority (BEZA), S M Khan, President of Bangladesh EPZs Investors' Association (BEPZIA), BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain,  Executive Director (Enterprise Services) Md. Khorshid Alam, Project Director of BEPZA EZ Md. Hafizur Rahman and Executive Director (Security) Lt Col ASM Quamruzzaman, PBGM along with other senior officials of BEPZA, PMO and the investors of EPZs, among others, were present at the function.

Among the signatories, the Sri Lankan industry M/s Univogue Garments Company Limited will set up a garment industry with an investment of $ 36.49 million. The company will produce 32.14 million pieces of woven bottom and woven jacket annually where 17,896 Bangladeshi nationals will get employment opportunities.

M/s Fengqun Composite Material Co., (BD) Ltd., a fully foreign owned Chinese company will set up a shoe accessories industry with an investment of US$ 2.22 million. The company will annually produce 35,000 tons of shoe accessories (foam, foam PU insole, lamination goods, footwear items, etc.) and packaging items (cartoon, paperboard box, inner box, chipboard packaging, etc. The company will create employment opportunities for 360 Bangladeshi nationals.

M/s. Campex (BD) Limited, a USA-owned enterprise will set up a tent, tent accessories and outdoor garment manufacturing industry with an investment of US$ 10 million were 5,000 Bangladeshi nationals will get employment opportunities. The company will produce 5 million pieces of tents, backpacks, packing bags, movie screens, projectors, screen walls, lockers, sunscreens, balcony screens, seat covers, camping furniture, raincoats, jackets, etc. annually.

Bangladeshi company M/s. TexTrim Labels (BD) Limited will set up a garment accessories and paper converting industry with an investment of US$ 1.27 million which will create employment opportunities for 197 Bangladeshi nationals. The company will annually produce 11,717 tons of thermal sticker label, plotter marking paper, care label, master cartoon box, screen print, heat transfer and transfer label, tag, etc.

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