Four Companies To Invest US$ 111 mn In BEPZA Economic Zone
The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with four companies to set up new industries in the BEPZA Economic Zone at Mirsharai, Chattogram. The proposed investments total US$ 111.26 million and are expected to create 7,607 jobs.
The investors include three foreign-owned companies from China, Singapore and a China–Singapore partnership, and one Bangladeshi firm. The new facilities will operate in footwear manufacturing, leather processing, testing services and garment accessories production.
The largest investment comes from Tai Ma Shoes (BD) Co., Ltd. of China, which will invest US$ 55.05 million to produce 7 million pairs of shoes annually and employ 5,900 people. Bangladesh Songshin Leather Co. Ltd of Singapore will invest US$ 25.03 million for a leather processing plant, creating 480 jobs.
Annray Holding (BD) Co. Ltd., jointly owned by Chinese and Singaporean partners, will invest US$ 20.03 million to set up a testing laboratory employing 770 personnel. Wraptox Industries Ltd of Bangladesh will invest US$ 11.15 million to manufacture garment accessories, creating 457 jobs.
The agreements were signed at the BEPZA Complex in Dhaka, in the presence of BEPZA Executive Chairman Major General Mohammad Moazzem Hossain, who encouraged the investors to begin construction promptly and highlighted BEPZA’s continued focus on improving service delivery and facilitating business operations.
He also invited investors, especially in the electronics sector, to explore further opportunities in upcoming EPZs in Jashore and Patuakhali.
