Chinese firm to set up battery plates plant at BEPZA EZ

The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Bangladesh Prothoma Power Supply Ltd., a Chinese company, which will set up a battery plates manufacturing plant in the BEPZA Economic Zone (EZ).

The agreement was signed by BEPZA Member (Investment Promotion) Md Ashraful Kabir and Managing Director of Bangladesh Prothoma Leiming Jia on Tuesday. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman attended the signing ceremony, says a statement.

The Chinese company is set to invest $12.24 million in the project, which is expected to generate employment for 600 Bangladeshi workers. The factory will produce 208 million battery plates annually for export, contributing to the country's economic growth.

BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman welcomed the investment, highlighting Bangladesh's favourable business environment, skilled labour force, and strategic location.

"We are pleased that Bangladesh Prothoma Power Supply Ltd. will produce a product of diverse nature, aligning with BEPZA's objective to foster industrial diversity and economic growth in the country. BEPZA will provide full support to ensure the smooth setup and operation of the plant," he said.

Leiming Jia, Managing Director of Bangladesh Prothoma Power, expressed gratitude for BEPZA's support. "We will start operations of our factory in BEPZA EZ within a shortest possible time. We believe Bangladesh has immense potential, and we look forward to a long-term partnership with BEPZA," he added.

The signing ceremony was attended by senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Project Director of BEPZA EZ Mohammad Anamul Haque, Executive Director (Public Relations) ASM Anwar Parvez and representatives of Bangladesh Prothoma Power Supply Ltd.

The BEPZA Economic Zone (EZ), the largest venture of the Bangladesh Export Processing Zones Authority (BEPZA), has signed lease agreements with a total of 37 companies, following the latest deal with Bangladesh Prothoma Power Supply Ltd. The combined investment from these companies has reached $880.74 million.

The products of these companies are of diverse nature, showcasing the zone's potential for attracting a wide range of industries.