HSBC to set up business dev offices at EPZs
Sunday, 24 January 2010
FE Report
The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up two business development offices (BDOs) at the Ishwardi and Karnaphuli export processing zones. Already present in the five export processing zones of Dhaka, Chittagong, Adamjee, Comilla and Mongla, HSBC is looking to expand its footprint in partnership with BEPZA.
Md Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA, and Sanjay Prakash, Chief Executive Officer of HSBC, signed the agreement on behalf of their respective organisations.
The BDOs will serve local and international investors who run export-oriented enterprises at the two EPZs, facilitating international trade from Bangladesh.
These will also enable HSBC to help its customers at the Ishwardi and Karnaphuli EPZs through offshore services as well as other corporate and trade solutions.
AKM Mahabubur Rahman, Member (Finance), AZM Azizur Rahman, General Manager (Investment Promotion), and Md Khorshed Alam, General Manager (Public Relations) of BEPZA; M Shohiduzzaman, Head of Trade and Supply Chain, Reza Ahmad, Division Head Corporate Banking of HSBC, and other officials from both the organisations were present on the occasion.
The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up two business development offices (BDOs) at the Ishwardi and Karnaphuli export processing zones. Already present in the five export processing zones of Dhaka, Chittagong, Adamjee, Comilla and Mongla, HSBC is looking to expand its footprint in partnership with BEPZA.
Md Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA, and Sanjay Prakash, Chief Executive Officer of HSBC, signed the agreement on behalf of their respective organisations.
The BDOs will serve local and international investors who run export-oriented enterprises at the two EPZs, facilitating international trade from Bangladesh.
These will also enable HSBC to help its customers at the Ishwardi and Karnaphuli EPZs through offshore services as well as other corporate and trade solutions.
AKM Mahabubur Rahman, Member (Finance), AZM Azizur Rahman, General Manager (Investment Promotion), and Md Khorshed Alam, General Manager (Public Relations) of BEPZA; M Shohiduzzaman, Head of Trade and Supply Chain, Reza Ahmad, Division Head Corporate Banking of HSBC, and other officials from both the organisations were present on the occasion.