Dhaka: The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with four companies to establish industries in the BEPZA Economic Zone (BEPZA EZ) at Mirsharai, Chattogram. These agreements, signed at the BEPZA Complex in Dhaka, involve a total proposed investment of US$ 111.26 million and are expected to create employment opportunities for 7,607 Bangladeshi nationals, as detailed in a press release.
According to Bangladesh Sangbad Sangstha, the four investors include three fully foreign-owned companies from China, Singapore, and a China-Singapore joint venture, alongside one Bangladeshi company. These companies will operate in the sectors of footwear, leather processing, testing services, and garment accessories.
The largest of these investments is from Tai Ma Shoes (BD) Co., Ltd., a Chinese company planning to invest US$55.05 million in a footwear manufacturing industry. The factory aims to produce 7 million pairs of formal and casual shoes annually and create 5,900 jobs.
Bangladesh Songshin Leather Co., Ltd., a Singaporean entity, will invest US$ 25.03 million to establish a leather processing factory, producing 36 million square feet of finished leather annually and creating 480 jobs.
Annray Holding (BD) Co., Ltd., a China-Singapore joint venture, plans to invest US$ 20.03 million in a testing laboratory offering product and raw material testing services. This facility will employ 770 individuals.
Wraptox Industries Limited, a Bangladeshi company, will invest US$ 11.15 million in producing garment accessories with an annual production target of 20,000 metric tons, creating 457 jobs.
The agreements were signed by Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and representatives from the respective companies including Liao Weijun, Zhang Guangxin, Hu Xinlin, and Md. Morshed Khan.
BEPZA Executive Chairman Major General Mohammad Moazzem Hossain attended the ceremony as the chief guest, congratulating the investors and highlighting BEPZA’s commitment to facilitating smooth business operations. He emphasized the modernization of service delivery to ensure investor satisfaction and encouraged prompt commencement of construction and export operations.
Md. Ashraful Kabir invited Chinese investors to explore opportunities in upcoming EPZs in Jashore and Patuakhali. Jc, Chairman of Song Shin Group Pte. Ltd., expressed satisfaction with BEPZA’s business environment, anticipating mutual growth.
The event was attended by senior officials of BEPZA and company representatives, including Abdullah Al Mamun, A N M Foyzul Haque, Lt. Col. Mohammad Arifur Rahaman, Samir Biswas, and A.S.M. Anwar Parvez.