Md Imtiaz Hossain, Member (Engineering and Investment Promotion - Additional Charge) of BEPZA, and Tay Yong Sheng Edwin, Managing Director of Allied Tobacco Company Limited, signed the agreement at the BEPZA Complex in the city on Thursday in presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Allied Tobacco Company Limited, a Singapore-India-owned company, to establish a 100 per cent export-oriented cigarette manufacturing industry in the BEPZA Economic Zone (EZ), reports BSS.
The company will invest US$ 9.24 million to produce 9 billion cigarette sticks annually, creating employment opportunities for 127 Bangladeshi nationals.
Md Imtiaz Hossain, Member (Engineering and Investment Promotion - Additional Charge) of BEPZA, and Tay Yong Sheng Edwin, Managing Director of Allied Tobacco Company Limited, signed the agreement on behalf of their respective organisations at the BEPZA Complex in the city on Thursday, said a press release.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
The Executive Chairman expressed his appreciation to Allied Tobacco Company Limited for investing in BEPZA EZ and assured the company of full support to ensure smooth business operations.
The signing ceremony was attended by senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Admin) Md Tazim-Ur-Rahman, Executive Director (Public Relations) ASM Anwar Parvez and representatives from Allied Tobacco Company Limited.
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