Dhaka: Oasis Accessories (Pvt) Ltd, a Bangladeshi company, is set to invest US$4.8 million to establish a garments accessories industry in the BEPZA Economic Zone (BEPZA EZ) located in Mirsharai, Chattogram. An agreement to this effect was signed today at the BEPZA Complex, Dhaka, between the Bangladesh Export Processing Zones Authority (BEPZA) and Oasis Accessories (Pvt.) Ltd.
According to Bangladesh Sangbad Sangstha, the agreement was signed in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. Md. Ashraful Kabir, Member (Investment Promotion), signed on behalf of BEPZA, and Md. Selim Reza, Managing Director of Oasis Accessories (Pvt.) Ltd, represented the company. The company plans to produce one million pieces of cartoon box, 42 million poly bags, and one million meters foam annually. This project is expected to create employment for 311 Bangladeshi nationals.
So far, 48 companies, including Oasis Accessories, have signed investment agreements with BEPZA EZ, with a total proposed investment of $1028.39 million. The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md. Imtiaz Hossain, Member (Finance) ANM Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Project Director of BEPZA EZ Mohammad Anamul Haque, Executive Director (Public Relations) ASM Anwar Parvez, along with representatives from Oasis Accessories (Pvt.) Ltd.