Dutch co to invest $10.5m in BEPZA economic zone

Checkpoint System Bangladesh Limited-Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in the BEPZA Economic Zone, reports BSS.
The company will invest US$ 10.52 million to produce 1,319 million units of different types of Hang Tag, tickets, stickers and labels annually, said a press release.
A total of 274 Bangladeshi nationals will get employment opportunities in this factory.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Checkpoint System Bangladesh Ltd.-Unit 2 at the BEPZA Complex in the city on Tuesday.
Ali Reza Mazid, Member (IP) of BEPZA, and Kumudu Athuruliya, General Manager-South Asia of Check point System, signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Checkpoint System Bangladesh Limited-Unit 2 would be the second enterprise under the same ownership in the industrial zones operated under BEPZA. Their first one, Checkpoint Systems Bangladesh Limited, has been operating since 2009 in Adamjee EPZ.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md. Khorshid Alam were present at the agreement signing ceremony.