Chinese co to build $6.5m toy factory in Dhaka EPZ

Chinese company Meigo (Bangladesh) Limited is going to establish a Toy Manufac-turing Industry in Dhaka EPZ with an investment of US$ 6.55 million, reports BSS.
An agreement to this effect has been signed between Bangladesh Export Process-ing Zones Authority (BEPZA) and Meigo (Bangladesh) Limited at BEPZA Complex in the city, said a BEPZA press release on Wednesday.
Member (Investment Promotion) of BEPZA Ali Reza Mazid and Senior Operation Manager of Meigo (Bangladesh) Limited Chen Shu Qiang inked the agreement on behalf of their respective organisations.
The company will produce 0.9 million pcs of die-cast toy, plastic toy, plush toy and collectibles toy a year and create employment opportunity for 1,616 Bangladeshi nationals.
Among others, Member (Finance) Nafisa Banu, Secretary Md Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Investment Promotion) Md Tanvir Hossain and General Manager (Enterprise Services) Md Khorshid Alam of BEPZA were present at the signing ceremony.