HSBC opens business dev office at Adamjee EPZ
FE Report | Thursday, 28 August 2008
The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh formally opened a business development office at Adamjee Export Processing Zone (AEPZ).
Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA), Brig. General Jamil Ahmed Khan officially inaugurated the center as the chief guest. During his speech he thanked HSBC for opening this business development office and expressed his strong confidence in the prospects for significant business growth within the EPZs.
Speaking on the occasion, Sanjay Prakash, CEO HSBC Bangladesh talked about the very important role that BEPZA plays in helping attract foreign direct investment to Bangladesh.
He thanked BEPZA for their efforts and noted that the opening of the office would help ensure that HSBC played a part in the development of the country's trade by being present in the leading 5 EPZs- Mongla, Chittagong, Dhaka, Comilla and now Adamjee.
Mr Md Mahbub-ur-Rahman, Corporate Banking Head, HSBC said "the establishment of this office further consolidates HSBC's position as the Bank of choice for trade, especially for the exporters, in Bangladesh. Our strong presence in the 5 major EPZs will hopefully create greater investment interest in Bangladesh."
Local dignitaries and officials of HSBC and BEPZA were also present on the occasion.
Bangladesh set up its first EPZ in 1983 and since then its eight EPZs have netted over $1.5 billion in investments.
The EPZs now host more than 283 industrial plants, which have created jobs for 220,000 workers.
These factories exported US$2.43 billion last year, or around 20 per cent of the country's annual export.
Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA), Brig. General Jamil Ahmed Khan officially inaugurated the center as the chief guest. During his speech he thanked HSBC for opening this business development office and expressed his strong confidence in the prospects for significant business growth within the EPZs.
Speaking on the occasion, Sanjay Prakash, CEO HSBC Bangladesh talked about the very important role that BEPZA plays in helping attract foreign direct investment to Bangladesh.
He thanked BEPZA for their efforts and noted that the opening of the office would help ensure that HSBC played a part in the development of the country's trade by being present in the leading 5 EPZs- Mongla, Chittagong, Dhaka, Comilla and now Adamjee.
Mr Md Mahbub-ur-Rahman, Corporate Banking Head, HSBC said "the establishment of this office further consolidates HSBC's position as the Bank of choice for trade, especially for the exporters, in Bangladesh. Our strong presence in the 5 major EPZs will hopefully create greater investment interest in Bangladesh."
Local dignitaries and officials of HSBC and BEPZA were also present on the occasion.
Bangladesh set up its first EPZ in 1983 and since then its eight EPZs have netted over $1.5 billion in investments.
The EPZs now host more than 283 industrial plants, which have created jobs for 220,000 workers.
These factories exported US$2.43 billion last year, or around 20 per cent of the country's annual export.