Pran-RFL Group to invest $18m to produce PPE in Adamjee EPZ

FE Team | Published: September 16, 2020 22:14:38

Md Mahmudul Hossain Khan, Member (Investment Promotion) of BEPZA, and Rathendra Nath Paul, Chairman of Banga Plastic, signed an agreement on Wednesday on behalf of their respective organisations over investment of US$ 18.08 million in the Adamjee Export Processing Zone

Banga Plastic International Limited, a sister concern of Pran-RFL Group, is going to establish a Personal Protective Equipment (PPE) and Toys manufacturing industry with an investment of US$18.08 million in the Adamjee Export Processing Zone, reports BSS.
This Bangladeshi company will produce annually 850 tonnes of PPE like surgical face masks, face mask KN 95, face mask N 95, surgical hand gloves, shoe cover, mop cap, medical gown, sanitary napkin, diaper, hand sanitizers, etc. They will also produce 4857 tonnes of toys like baby toys, rider toys, slipper toys, sports toys, educational toys, building toys, alphabet toys, soft and hard animal toys, etc.
A total of 1900 Bangladeshi nationals will get employment opportunities in this factory.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Banga Plastic International Ltd. at the BEPZA Complex in Dhaka on Wednesday.
Md Mahmudul Hossain Khan, Member (Investment Promotion) of BEPZA and Rathendra Nath Paul, Chairman of Banga Plastic, signed the agreement on behalf of their respective organisations.
The Executive Chairman of BEPZA Major General S M Salahuddin Islam, BP, SPP, ndc, psc witnessed the signing ceremony.
Among others, Member (Finance) Nafisa Banu, Secretary Md Nabirul Islam, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Investment Promotion) Md Tanvir Hossain of BEPZA and Ahsan Khan Chowdhury, Chairman and CEO of Pran-RFL Group were present at the signing ceremony.