Japanese company to invest $25m to expand business in IEPZ
Published : Wednesday, 16 June, 2021 at 8:51 PM Count : 201
Roulin (BD) Limited, a Japanese apparel manufacturing company is going to expand their business in Ishwardi EPZ. The enterprise signed an agreement to this effect with BEPZA on June 19, 2021.
Recently, the major share of the company has taken over by Matsuoka Corporation, a major player of the wholesale sector of Japan. Now the new shareholder will expand the existing operation of Roulin (BD) by investing US$25 million where 3500 Bangladeshi persons will be employed.
It may be mentioned that Roulin (BD) has been operating their business at IEPZ since 2011 and invested $4.53 million.
In presence of the Executive Chairman of Bangladesh Export Processing Zones Authority Major General Md Nazrul Islam, Member (Investment Promotion) Md. Mahmudul Hossain Khan for BEPZA and Representative of Matsuoka Corporation Mr. Osamu Sasaki on behalf of Roulin (BD) signed the agreement at BEPZA Complex, Dhaka.
BEPZA is trying its best to attract foreign & local investment in the EPZ even during the Covid-19 pandemic. Investment-friendly policies of the Government and favorable investment atmosphere of EPZs are encouraging Japanese investors including others to invest in EPZs. Presently, 31 Japanese enterprises have invested US$ 525 million in the EPZs and created employment opportunity for 13,500 Bangladeshi nationals.
Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md. Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md. Tanvir Hossain of BEPZA including Managing Director of Roulin (BD) Md. Mahbubar Rahman, among others, were present at the signing ceremony.