Md Ashraful Kabir, BEPZA member (Investment Promotion), and Han Chenguang, Managing Director of DC Industry (Bangladesh) Company Limited, signed the agreement on behalf of their respective organisations at the BEPZA Complex, on Wednesday. DC Industry (Bangla-desh), a Chinese company, will invest US$ 5.36 million to set up a "Bag & Wallet" manufacturing plant in BEPZA Economic Zone (BEPZA EZ) at Mirsharai, Chattogram, reports BSS.
This foreign-owned company will produce 2.5 million pcs of handbags, 1.5 million pcs of backpacks and one million pcs of wallets annually, as 2,990 locals will get jobs in the factory, said a press release of Bangladesh Export Processing Zones Authority (BEPZA).
The Chinese company inked a deal with BEPZA in this regard.
BEPZA member (Investment Promotion) Md Ashraful Kabir and Managing Director of DC Industry (Bangladesh) Company Limited Han Chenguang signed the agreement on behalf of their respective organisations at the BEPZA Complex, on Wednesday.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present at the event. He said BEPZA always encourages investment in producing diversified products.
He thanked DC Industry (Bangladesh) for choosing BEPZA EZ as their investment destination for producing product of diverse nature.
A total of 31 companies, including DC Industry (Bangladesh), signed agreements to invest in the BEPZA EZ with a total proposed investment of US$ 711 million.
Among others, member (Finance) ANM Foyzul Haque, Executive Director (Admin) ASM Zamshed Khondaker, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam and Executive Director (Public Relations) ASM Anwar Parvez along with representatives of the enterprise were present at the ceremony.
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