Tuesday | 14 January 2025 | Reg No- 06
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Tuesday | 14 January 2025 | Epaper

Chinese firm to set up battery plates industry in BEPZA EZ

Published : Wednesday, 11 December, 2024 at 12:00 AM  Count : 298
Business Correspondent
Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Bangladesh Prothoma Power Supply Ltd, a Chinese company, to establish a battery plates manufacturing industry in the BEPZA Economic Zone (EZ).

The agreement was signed on Tuesday, by Member (Investment Promotion) of BEPZA, Md. Ashraful Kabir, and Managing Director of Bangladesh Prothoma Power Supply Ltd.,  Leiming Jia, in presence of BEPZA Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman, says a press release. 

The company plans to invest US$12.24 million in the project, creating about 600 employment for Bangladesh nationals. They will produce 208 million pieces of battery plates per year for export, contributing to the country's economic growth and development.

BEPZA Executive Chairman welcomed the Chinese company's decision to invest in Bangladesh, particularly in the BEPZA EZ, citing the country's favorable business environment, skilled workforce, and strategic location.

"We are pleased that Bangladesh Prothoma Power Supply Ltd. will produce a diverse nature product, aligning with BEPZA's objective to foster industrial diversity and economic growth in the country. We assure you of BEPZA's full support in setting up and running operations of the plant smoothly in the BEPZA EZ," said Major General Rahman. 

The Managing Director of Bangladesh Prothoma Power Supply Ltd. expressed his gratitude to BEPZA for the opportunity to establish a presence in the zone. "We will start operations of our factory in BEPZA EZ within a shortest possible time."  We believe that Bangladesh has immense potential and look forward to a long-term partnership with BEPZA. 

The signing ceremony was attended by senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Project Director of BEPZA EZ Mohammad Anamul Haque, Executive Director (Public Relations) A.S.M Anwar Parvez and representatives of Bangladesh Prothoma Power Supply Ltd.

BEPZA Economic Zone is the largest venture of BEPZA. With this agreement, the authority has signed lease agreements with 37 companies, with a combined investment of US$ 880.74 million. 

The products of these companies are of diverse nature, showcasing the zone's potential for attracting a wide range of industries.


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