TBT DESK: The Bangladesh Export Processing Zones Authority (BEPZA) has attracted a robust investment of $ 480 million from 32 local and foreign companies during the current fiscal year (FY2024-25), reinforcing its role as a key driver of the country's industrial growth.
According to a press release, this fresh wave of investment spans across BEPZA's Export Processing Zones (EPZs) and the BEPZA Economic Zone (EZ).
As part of this momentum, BEPZA on Tuesday signed a lease agreement with Qingdao Dongfang Packaging Technology Limited, a Chinese company, to set up a packaging and accessories manufacturing facility at the Ishwardi EPZ.
The agreement was signed at the BEPZA Complex in the capital in presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. The lease deal was signed by Md Ashraful Kabir, Member (Investment Promotion), and Song Shiliang, Chairman of Qingdao Dongfang, on behalf of their respective organisations.
Qingdao Dongfang will invest $ 4.5 million to manufacture 5.25 million dozen poly bags, hang tags, and paper tags annually, creating jobs for 240 Bangladeshi nationals.
Speaking at the event, the BEPZA Executive Chairman thanked the Chinese firm for choosing Ishwardi EPZ, assuring continued support and a business-friendly environment. He also invited the company-and other potential Chinese investors-to consider broader investment opportunities across various industrial sectors in Bangladesh.
Senior BEPZA officials including Member (Engineering) Md Imtiaz Hossain, Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Admin) Md Tazim-Ur-Rahman, and Executive Director (Public Relations) A.S.M Anwar Parvez were present, alongside Qingdao Dongfang representatives.