HK-owned firm to invest $54m in BEPZA Zone

Campvalley Chittagong Limited, a Hong Kong-owned company, will invest US$54 million to set up a camping equipment and garment manufacturing industry in BEPZA Economic Zone, reports UNB.
This foreign-owned company will produce 21.4 million pieces of tents, bags and backpacks, camping chairs and furniture, luggage, and sleeping bags, different kinds of knit and woven garments, gazebo, umbrella, mattress and furniture frame.
A total of 9,380 Bangladeshi nationals will get employment opportunities in this factory.
There are two other tent manufacturing companies in Chattogram and Karnaphuli EPZs under the same owner.
An agreement to this effect was signed between Bangladesh Export Pro-cessing Zones Authority (BEPZA) and Campvalley Chittagong Limited at BEPZA Complex, Dhaka on Thursday.
Ali Reza Mazid, member (Investment Promotion) of BEPZA and Hong Woo Lee, chairman of Campvalley Chittagong, signed the agreement on behalf of their respective sides.
Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman was present during the signing ceremony.