SPS Agrotech Ltd., an Indo-Bangla Joint Venture Company is going to establish a Rice Bran Oil manufacturing industry in Ishwardi EPZ with an investment of US$ 6.69 million, said a press release.
The agro-based product is a new addition to the diversified items manufactured in EPZs and going to be the first rice bran oil industry in EPZs. The company will produce annually 150,000 Metric Tonnes of rice bran oil and create employment opportunity for 337 Bangladeshi nationals.
The release said Bangladesh Export Processing Zones Authority (BEPZA) and SPS Agrotech Ltd. signed an agreement to this effect on Wednesday at BEPZA Complex, Dhaka. Member (Finance & Investment Promotion-Additional Charge) of BEPZA Nafisa Banu and managing director of SPS Agrotech Ltd. Chitta Majumder signed the agreement on behalf of their respective sides. BEPZA executive chairman Md Nazrul Islam witnessed the signing ceremony.
