Chinese firm signs deal to produce bluetooth headphones at CEPZ

Direction Technology (Bangladesh) Company Limited, a Chinese company, has signed an investment agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a manufacturing plant in the Chattogram Export Processing Zone (CEPZ), reports UNB.

The new facility will produce bluetooth headphones, wired headphones, and data cables.

Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Li Fanfan, Managing Director of Direction Technology (Bangladesh) Co. Limited, signed the agreement on behalf of the respective sides in presence of Major General Abul Kalam Mohammad Ziaur Rahman, Executive Chairman of BEPZA.

This investment, worth US$3 million, is expected to diversify Bangladesh's export basket beyond its traditional apparel and textile industries and add a new dimension to technology-based manufacturing in the EPZ.

The project is expected create employment opportunities for 478 Bangladeshi nationals, said a press release.

The company's focus on headphones and data cables underscores Bangladesh's shift toward higher-value, technology-oriented manufacturing, complementing the country's expanding electronics sector.

Welcoming the company, the Executive Chairman of BEPZA said that while Bangladesh is known for its apparel industry, BEPZA is equally committed to diversifying its export portfolio.

The signing ceremony was attended by senior BEPZA officials including Abdullah Al Mamun, Member (Engineering); ANM Foyzul Haque, Member (Finance); Md Tanvir Hossain, Executive Director (Investment Promotion); Md. Khorshid Alam, Executive Director (Enterprise Services); and A.S.M. Anwar Parvez, Executive Director (Public Relations), along with representatives of Direction Technology (Bangladesh) Co. Limited.