Checkpoint System Bangladesh Ltd.-Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone.

The company will invest USD $ 10.52 million to produce annually 1,319 million units of different types of hang tag, tickets, sticker, label and others. 274 Bangladeshi nationals will get employment opportunities in this factory.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Checkpoint System Bangladesh Ltd.-Unit 2 at BEPZA Complex, Dhaka on Tuesday.

Ali Reza Mazid, Member (IP) of BEPZA and Kumudu Athuruliya, General Manager-South Asia of Checkpoint System signed the agreement on behalf of their respective organizations.

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BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

Checkpoint System Bangladesh Ltd.-Unit 2 would be the second enterprise under the same ownership in the industrial zones operated under BEPZA. Their first one, Checkpoint Systems Bangladesh Limited, has been operating since 2009 in Adamjee EPZ.

The enterprise initially started their operation in Dhaka EPZ  15 years ago.

Senior officials of BEPZA were also present in the agreement signing ceremony.