In presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, an agreement was signed by Md Ashraful Kabir, Member (Investment Promotion), on behalf of BEPZA, and Md Selim Reza, Managing Director of Oasis Accessories (Pvt) Ltd, at the BEPZA Complex in Dhaka on Monday. Oasis Accessories (Pvt) Ltd, a Bangladeshi company, will invest US$4.8 million to establish a garment accessories factory in BEPZA Economic Zone (BEPZA EZ) at Mirsarai in Chattogram, reports agencies.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Oasis Accessories at the BEPZA Complex in Dhaka on Monday, according to a press release.
BEPZA executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Member (Investment Promotion) Md Ashraful Kabir signed the agreement on behalf of BEPZA while Managing Director of Oasis Accessories Md Selim Reza inked it on behalf of the company.
Under the project, the company will annually produce 1.0 million pieces of carton boxes, 42 million polybags, and 1.0 million meters of foam.
The factory is expected to create employment opportunities for 311 Bangladeshi nationals.
With this, a total of 48 companies, including Oasis Accessories, have so far signed agreements with BEPZA EZ, bringing the proposed investment in the zone to US$1028.39 million.
The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md Imtiaz Hossain, Member (Finance) ANM Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Project Director of BEPZA EZ Mohammad Anamul Haque, Executive Director (Public Relations) ASM Anwar Parvez, along with representatives from Oasis Accessories (Pvt) Ltd.
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