Bangladesh Export Processing Zones Authority (BEPZA) has signed lease agreements with four local and foreign companies.
The companies will invest $50 million (Tk430 crore) to establish factories at BEPZA Economic Zone (EZ) of Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram’s Mirsarai.
BEPZA signed the land lease agreements with – Sri Lankan company Univogue Garments, US company Campex (BD) Limited, Chinese company Fengqun Composite Material Company Limited, and Bangladeshi company TexTrim Labels (BD) Limited – during an event held at its headquarters in Dhaka on Saturday.
Dr Ahmad Kaikaus, principal secretary to Prime Minister Sheikh Hasina, was the chief guest at the event marking the first land lease agreements for BEPZA EZ.
Meanwhile, Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of BEPZA, presided over the programme.
They will be allotted some 18 plots in the EZ. This effort will generate total 23,453 jobs, reads a BEPZA press release.
According to official data, Univogue Garments will invest $36.49 million to manufacture apparel products, Fengqun Composite Material Company Limited will invest $2.2 million to produce shoe accessories and packaging items, Campex (BD) Limited will invest $10 million to make camping accessories, and TexTrim Labels (BD) Limited will inject $1.27 million will make garments accessories, transfer labels among other things.
The BEPZA EZ has been set up on 1,150 acres of land in Mirsharai, Chattogram.
About 350 industries will be set up in 539 industrial plots. Officials say that this will create employment for about four lakh people and attract investment of about $4 billion.
