$5.74m investment to produce diversified products in BEPZA EZ

BEPZA has signed an agreement with Ms. Goodwood

(Dhaka) Co. Ltd., a Canada-China owned company, to set up a diversified

product manufacturing industry in BEPZA Economic Zone.

This fully foreign owned company will invest US$ 5.74 million where 1990

Bangladeshi nationals will get employment opportunities, said a press

release.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Li Xin, Project

Manager of Goodwood (Dhaka) Co Ltd signed the agreement on behalf of their

respective organizations on April 5, 2022 at BEPZA Complex, Dhaka.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman

witnessed the signing ceremony.

The company will produce annually 10,000 tons of wooden disposable cutlery

(Knife, Fork, Spoon, and Stirrer and medical products (Swab, Tongue

depressor).

BEPZA has been working to strengthen the economic base of the country by

reducing the risk of single dependency on the garment sector through

diversifying export products. As a part of this effort, BEPZA signed the

agreement with Goodwood (Dhaka) Company.

BEPZA approved a total of 7 companies to set up industries in BEPZA Economic

Zone. The proposed investment of the other 6 companies which have already

signed lease agreement is US$ 114.37 million where 32,962 Bangladeshi

nationals will get employment opportunities.

Among others, 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 and Project Director of BEPZA EZ Md Hafizur Rahman

were present during the signing ceremony.

Source: Bangladesh Sangbad Sangstha (BSS)