BEPZA inks $ 51.82 million investment deal with Taiwanese co

FE Team | Published: December 25, 2019 21:47:29 | Updated: December 25, 2019 21:49:09

Member (Investment Promotion) of BEPZA Zillur Rahman ndc (L) and General Manager of Golden Chang Shoes (BD) Ltd. Kuoting Wu (R) signing an investment agreement at BEPZA Complex in Dhaka on Tuesday to set up a factory in Cumilla EPZ

Bangladesh Export Processing Zones Authority (BEPZA) has signed a US$ 51.82 million investment agreement with Golden Chang Shoes (BD) Ltd., a concern of renowned Golden Chang Group of Taiwan.
The company will set up a factory in Cumilla EPZ for producing safety shoes, casual shoes and all kinds of shoes, said a statement.
This fully foreign-owned company will produce 3.5 million pairs of shoes per annum for the world famous brands Caterpillar, Timberland and Dr. Martens (UK). Golden Chang Shoes will be creating employment opportunities for 6,171 Bangladeshi nationals.
Zillur Rahman ndc, Member (Investment Promotion) of BEPZA, and Kuoting Wu, General Manager of Golden Chang Shoes (BD) Ltd., inked the agreement on behalf of their respective organisations at BEPZA Complex in the capital on Tuesday.
Executive Chairman of BEPZA Major General S M Salahuddin Islam, BP, SPP, ndc, psc witnessed the signing ceremony.
Among others, Mohammad Faruque Alam, Member (Engineering), Mizanur Rahman, Member (Finance), Md. Nabirul Islam, Secretary, Nazma Binte Alamgir, General Manager (Public Relations) and Md. Tanvir Hossain, General Manager (Investment Promotion) of BEPZA were present at the signing ceremony.