Chinese company DC Industry (Bangladesh) Co. Ltd. is going to invest US$ 5.36 million to set up a ‘Bag & Wallet’ manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Mirsharai, Chattogram.
In presence of the Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company on 28 August at BEPZA Complex, Dhaka.
Md. Ashraful Kabir, member (Investment Promotion) of BEPZA and Han Chenguang, Managing Director of DC Industry (Bangladesh) Co. Ltd. signed the agreement on behalf of their respective organizations. This foreign owned company will produce 2.5 million pcs Handbag, 1.5 million pcs Backpack and 1 million pcs wallet annually. 2990 Bangladeshi nationals will get employment opportunity in this company.
Executive Chairman said BEPZA always encourages investment in producing diversified products. He thanked DC Industry (Bangladesh) Co. Ltd. for choosing BEPZA EZ as their investment destination for producing product of diverse nature.
Among others, Member (Finance) A N M Foyzul Haque, Executive Director (Admin) A.S.M. Zamshed Khondaker, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Executive Director (Public Relations) A.S.M Anwar Parvez along with representatives of the enterprise were present during the signing ceremony.
Mentionable, a total of 31 companies, including DC Industry (Bangladesh), signed agreements to invest in the BEPZA EZ with a total proposed investment of US$ 711 million.
In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an ‘Open Door Policy’ to attract foreign investment to Bangladesh. The BEPZA is the official organ of the government to promote, attract and facilitate foreign investment in the EPZs. Besides, BEPZA as the competent Authority performs inspection & supervision of the compliances of the enterprises related to social & environmental issues, safety & security at work place in order to maintain harmonious labour-management & industrial relations in EPZs. The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate free from cumbersome procedures.
