Chinese co to invest $6m in BEPZA EZ

FE Team | Published: April 01, 2024 23:38:52

Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Li Yecai, Managing Director of Taisheng (Bangladesh) Webbing Co Ltd, signed an agreement on behalf of their respective organisations at the BEPZA Complex in the city recently in presence of Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman.

Chinese company Taisheng (Bangladesh) Webbing Co Ltd is going to invest US$ 6.0 million to set up a Shoe, Bag and Garments Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram, reports BSS.
In presence of Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company recently.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Li Yecai, Managing Director of Taisheng (Bangladesh) Webbing Co Ltd, signed the agreement on behalf of their respective organisations at the BEPZA Complex in the city.
The company will produce annually 6.0 million tonnes of shoe lace, elastic, draw cord, drawstring, string, webbing belt and webbing tape creating employment opportunities for 200 Bangladeshi nationals.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Md Ashraful Kabir, Executive Director (Admin) ANM Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Public Relations) ASM Anwar Parvez along with representatives of the enterprise were present during the signing ceremony.