Bangladesh Export Processing Zones Authority (BEPZA) has signed investment agreements worth US$111.26 million with four companies to establish new industries in BEPZA Economic Zone at Mirsarai in Chattogram, which are expected to generate 7,607 local jobs.
The signing ceremony took place on Thursday at BEPZA Complex in Dhaka, where BEPZA Member (Investment Development) Md Ashraful Kabir signed the agreements on behalf of the authority.
Company representatives signed for their respective firms, while BEPZA Executive Chairman Major General Mohammad Moazzem Hossain attended as the chief guest.
Of the four investors, three are fully foreign-owned enterprises from China, Singapore and a China-Singapore joint venture, while one is a Bangladeshi company. The industries will produce footwear, processed leather, testing and quality assurance services and garments accessories.
The largest investor, Tai Ma Shoes (BD) Company Limited of China, will invest US$55.05 million to set up a footwear manufacturing plant with an annual capacity of seven million pairs of formal and casual shoes.
The project will employ 5,900 Bangladeshi workers.
Bangladesh Singsin Leather Company Limited, a Singapore-based enterprise, will invest US$25.03 million to establish a leather processing facility capable of producing 36 million square feet of finished leather annually, creating 480 jobs.
A China-Singapore joint venture, Anre Holding (BD) Company Limited, will invest US$20.03 million to build a testing laboratory that will offer quality assurance services for raw materials and finished goods, particularly benefiting industries operating in the BEPZA Economic Zone. The project will employ 770 people.
Local company Raptox Industries Limited will invest US$11.15 million to manufacture labels, tags, tapes, printing and packaging materials and other garment accessories. The plant, with a production capacity of 20,000 metric tonnes per year, will provide 457 jobs.
Welcoming the new investors, BEPZA Executive Chairman Major General Moazzem Hossain thanked them for choosing Mirsarai zone and reaffirmed the authority’s commitment to ensuring a smooth and supportive business environment.
“BEPZA is modernising its service delivery system to improve investor satisfaction,” he said, urging the companies to start construction soon and begin export operations.
He also encouraged them to explore new opportunities in the electronics sector.
BEPZA Member (Investment Development) Md Ashraful Kabir invited Chinese investors to consider upcoming investment opportunities in Jashore and Patuakhali EPZs, which are being developed as future industrial hubs.
JC, Chairman of Singsin Group PTE Ltd, expressed satisfaction with BEPZA’s facilities and services, saying, “Choosing BEPZA Economic Zone has been a good decision for us. We look forward to growing together.”
SH
