BEPZA
Bangladesh's ASM Packall Export to invest $4.8m in Mongla EPZ
Bangladeshi company ASM Packall Export Industry will set up a garments accessories factory at Mongla Export Processing Zone (Mongla EPZ).
The company will invest $4.8 million, and 400 Bangladeshi nationals will get employment opportunities at the factory.
Read more: Chinese company to invest $ 12.89 million in Mongla EPZ
ASM Packall will produce 1 lakh tons of bags, zippers, elastics, tapes, tags, labels, boards, paper bands, photo cards, bar codes, collar stands, and other products annually.
Ali Reza Mazid, member (investment promotion) of the Bangladesh Export Processing Zones Authority, and Md Ashraful Alam, managing director of ASM Packall Export, signed an agreement Thursday in Dhaka.
Read More: Cotton factory warehouse gutted in Mongla EPZ fire
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present at that time.
Lugang Technology to invest US$ 23 million in Ishwardi EPZ
Lugang Technology (Bangladesh) Limited, a Hong Kong (China) owned company, is going to establish a textile industry at Ishwardi Export Processing Zone (IEPZ).
This fully foreign owned company will invest US$ 22.99 million where 3182 Bangladeshi nationals will get jobs, said a press release issued on Wednesday.
Read more: EPZs saw all-time high export, investment, job growth in FY22: Bepza
The company will produce annually 5,100 tons raw and dyed yarn.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Ding Feng, Vice General Manager of Lugang Technology (Bangladesh) Limited signed an agreement to this effect on behalf of their respective organizations on Wednesday at BEPZA Complex in Dhaka.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present at the signing ceremony.
Read more: BEPZA EZ gets $28m more in investment
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Investment Promotion) Md. Tanvir Hossain and Additional Executive Director (Public Relations) Anwar Parvez along with representatives of the enterprise were present at the signing ceremony.
Trendy textiles invest $39 million in Dhaka EPZ
Bangladeshi company trendy textiles limited will invest USD $39 million to establish a knit composite textile industry in Dhaka EPZ.
The company will produce annually 15 million pieces of T-Shirt, Tank-Top, Polo-Shirt, Sweatshirt, Cotton-CVC Fleece jackets, Trousers, Hoody jackets, Fancy Ladies-Children Wear, and sportswear.
The company has signed an agreement to reopen a closed factory of Dhaka EPZ.
Read: BEPZA EZ gets $28m more in investment
The trendy textiles will create jobs opportunity for 2993 Bangladeshi nationals.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Nafees Muntasir Khan, Managing Director of Trendy Textiles Limited signed an agreement to this effect on behalf of their respective organizations on Tuesday.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the agreement signing ceremony.
Read Chinese company to invest $ 12.89 million in Mongla EPZ
Members (Engineering) Mohammad Faruque Alam, Nafisa Banu (Finance) executive directors Nazma Binte Alamgir, Md. Tanvir Hossain and Md. Khorshid Alam, among other, were present at the function.
Seven agencies sign performance agreements with PMO
The annual performance agreements (APAs) 2022-23 were signed between the prime minister's office and its attached seven agencies including Ashrayan-2 project on Thursday.
PMO senior secretary Tofazzel Hossain Miah and the heads of the agencies inked the agreements on behalf of their respective sides at the PMO.
In the APAs, the seven agencies made different commitments over their performances for the fiscal year of 2022-23.
Also read: Increase oxygen supply, Corona beds: PMO
Prime Minister’s Principal Secretary Ahmad Kaikaus and Principal Coordinator for SDG Affairs at the PMO Zuena Aziz spoke at the signing event presided over by Tofazzel Hossain Miah.
The seven agencies are Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zone Authority (BEZA), Bangladesh Export Processing Zone Authority (BEPZA), National Skills Development Authority (NSDA), Public Private Partnership (PPP) Authority, NGO Affairs Bureau and Ashrayan-2 Project.
The APA is a result-based working plan to reach the desired goal through increasing the efficiency and accountability of the public servant.
In the 2014-15 fiscal year, the Awami League government introduced the APA method in a bid to get better performance from all the ministries and divisions.
In the process, all the subordinate departments, agencies or offices also sign the APAs with their respective ministries, divisions or higher offices.
Dutch Co. to invest $ 10.52 million in BEPZA’s Economic Zone
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.
Also read: Hong Kong trade delegation visits BEPZA
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.
Belgian delegation meets BEPZA Executive Chairman
A delegation from Flanders Investment & Trade (Belgium) led by its investment commissioner Babette Desfossez made a courtesy call on the Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman at BEPZA Complex, in the capital on Monday.
They discussed various investment opportunities in the EPZs of Bangladesh. BEPZA Executive Chairman sought Belgian investment in the EPZs and BEPZA Economic Zone.
The delegates were briefed about the overall activities, operating procedures, facilities, incentives etc. provided by BEPZA to the EPZ investors.
Also read: Chinese Company to set up hair fashion accessories industry at BEPZA economic zone
They were also informed on congenial working atmosphere, workers’ rights & compliance, participation of women, BEPZA’s contribution to the national export along with diversified products produced in the EPZs.
The delegates lauded BEPZA’s contribution to the national export from only 2307 acres of land of the country's 8 EPZs. They expressed satisfaction over BEPZA’s role in women empowerment.
They discussed investment potential in agro-based industry in the EPZs of Bangladesh.
Also read:Hong Kong based company Campvalley to invest $ 54 million in BEPZA Economic Zone
BEPZA Member (Investment Promotion) Ali Reza Mazid, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain and Directors of Investment Promotion Division, among others, were present.
Chinese Company to set up hair fashion accessories industry at BEPZA economic zone
Chinese company Venus Beauty Limited will invest USD $ 50 million to set up a hair fashion accessories manufacturing industry in BEPZA Economic Zone.
This fully foreign owned company will produce annually 226.09 million pcs of fashion accessories, plastic comb, mirror, headband, pony tailor and amp; pony band.
Around 4000 Bangladeshi nationals will get employment opportunities in this factory.
The company has another diversified product manufacturing factory named Tung Hing (BD) Manufacturing Limited at Cumilla EPZ.
Read: Govt urged to raise prices of low-tier cigarettes to reduce health risk
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Venus Beauty Limited at BEPZA Complex in the capital on Monday.
Nafisa Banu, Member (Finance) of BEPZA and AMM Shamsuddin Chowdhury, Executive Consultant of Venus Beauty Limited signed the agreement on behalf of their respective sides.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director(Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Project Director of BEPZA EZ Md. Hafizur Rahman, among others, were present in the signing ceremony.
Read Belgian delegation meets BEPZA Executive Chairman
Hong Kong based company Campvalley to invest $ 54 million in BEPZA Economic Zone
Hong Kong-China owned company Campvalley Chittagong Limited will invest USD $ 54 million to set up camping equipment & garment manufacturing industry in BEPZA Economic Zone.
This foreign owned company will produce 21.4 million pcs of tents, Bags & backpacks, camping chairs & furniture, luggage, and sleeping bag, different kinds of knit & woven garments, gazebo, umbrella, mattress and furniture frame.
A total of 9380 Bangladeshi nationals will get employment opportunities in this factory.
Read: Uninterrupted electricity at affordable price govt’s next challenge: Nasrul
Mentionable, there are two other tent manufacturing companies in Chattogram and Karnaphuli EPZs under the same owner.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Campvalley Chittagong Limited at BEPZA Complex, Dhaka on Thursday.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Hong Woo Lee, Chairman of Campvalley Chittagong signed the agreement on behalf of their respective sides.
Read: Masterchef Australia finalist Kishwar honoured by Australian High Commission
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Member (Engineering) Mohammad Faruque Alam, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Project Director of BEPZA EZ Md. Hafizur Rahman, were, among others, present in the signing ceremony.
Earlier, BEPZA signed lease agreement with five other companies to set up industries in BEPZA Economic Zone. The companies will invest $ 60 million where 23,582 Bangladeshi nationals will get employment opportunities.
Read Chinese Company to set up hair fashion accessories industry at BEPZA economic zone.
Kuwait-BD joint venture company to invest US$ 10.39 mln in BEPZA Economic Zone
K B Petrochemicals Limited, a Kuwait-Bangladesh joint venture company, will invest $10.39 million to establish a Lubricating Oil Blending Plant in BEPZA Economic Zone
Bangladesh Export Processing Zones Authority (BEPZA) signed a land lease agreement on Tuesday with KB Petrochemicals Limited to set up an industry in BEPZA Economic Zone.
The signing ceremony was held at BEPZA Complex, Dhaka.
The company will create employment opportunities for 129 Bangladeshi nationals. The industry will produce 20,000 metric tons finished lubricants.
In presence of Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, Member (Investment Promotion) Ali Reza Mazid and Managing Director of K B Petrochemicals Limited Jahangir Hossain Patwary signed the agreement on behalf of their respective organizations.
Executive Chairman, BEPZA thanked the agreement signing company- K B Petrochemicals to invest in BEPZA Economic Zone.
BEPZA Executive Chairman said that BEPZA is now one of the most successful organizations in the country considering its experience, capabilities, expertise and professional excellence achieved during the journey of 40 years in serving the country's export-oriented industries.
Also read: Factories in all EPZs to remain shut until Apr 14
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Project Director of BEPZA EZ Md. Hafizur Rahman & Executive Director (Security) Lt Col ASM Quamruzzaman, PBGM and Chairman of K B Petrochemicals Limited Mr. Kannan Naser Al Naser were present during the signing ceremony.
Four companies invest $50 million in BEPZA Economic Zone in Mirsharai
Bangladesh Export Processing Zone Authority (BEPZA) has received four companies’ investment of USD $ 50 million to set up industries at BEPZA Economic Zone-Bangabadhu Sheik Mujib Shipla Nagar at Mirsharai in Chattogram.
BEPZA and four companies (1 local and 3 foreign) signed land lease agreements in this regard at BEPZA BEPZA Complex in the capital on Saturday.
The companies will invest $ 50 million in garments, garments accessories, camping equipment and shoe accessories industries which will create employment opportunities for 23,453 Bangladeshi nationals.
Principal Secretary to the Prime Minister Dr. Ahmad Kaikaus was present in the signing ceremony as the chief guest.
Speaking on the occasion Kaikaus said BEPZA has a unique magnetic power to attract investment which ultimately contributes to the economic development of the country.
BEPZA is not only helping to integrate with the global economy but also upgrading the life standards of the people, he added.
He treated agreement signing as the beginning of a new era and hoped that more giant industries would come in the BEPZA Economic Zone.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, said BEPZA is now one of the most successful organizations in the country considering its experience, capabilities, expertise and professional excellence achieved during the journey of 40 years in serving the country's export-oriented industries.
Investors’ confidence has made BEPZA a brand in the global arena, he added.
Referring to the land lease agreement signing of BEPZA Economic Zone as a milestone in the growing success of BEPZA, he said that BEPZA will be successful in operating the Economic Zone.
Also read: Electric car plant in Mirsarai; huge investment planned
Prime Minister Sheikh Hasina made a significant plan to establish 100 Economic Zones in the country aiming to take the country's industrial sector to the next level in light of the dream of Father of the Nation Bangabandhu, BEPZA Chairman said.
On behalf of BEPZA, Member (Investment Promotion) Ali Reza Mazid and Director of Univogue Garments Company Limited Jagath Priyantha, Chairman of Fengqun Composite Material Co. (BD) Ltd. HeZaiqun, Representative of Campex (BD) Limited Shahadat Musharraf Khan & Managing Director of TexTrim Labels (BD) Limited Abul kalam Sikder signed the agreements on behalf of their respective organizations.
The process of establishing industries in BEPZA Economic Zone at Bangabandhu Sheikh Mujib Shilpa Nagar starts officially by signing these agreements.
Shaikh Yusuf Harun, Executive Chairman of Bangladesh Economic Zones Authority (BEZA), S M Khan, President of Bangladesh EPZs Investors' Association (BEPZIA), BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Project Director of BEPZA EZ Md. Hafizur Rahman and Executive Director (Security) Lt Col ASM Quamruzzaman, PBGM along with other senior officials of BEPZA, PMO and the investors of EPZs, among others, were present at the function.
Among the signatories, the Sri Lankan industry M/s Univogue Garments Company Limited will set up a garment industry with an investment of $ 36.49 million. The company will produce 32.14 million pieces of woven bottom and woven jacket annually where 17,896 Bangladeshi nationals will get employment opportunities.
M/s Fengqun Composite Material Co., (BD) Ltd., a fully foreign owned Chinese company will set up a shoe accessories industry with an investment of US$ 2.22 million. The company will annually produce 35,000 tons of shoe accessories (foam, foam PU insole, lamination goods, footwear items, etc.) and packaging items (cartoon, paperboard box, inner box, chipboard packaging, etc. The company will create employment opportunities for 360 Bangladeshi nationals.
M/s. Campex (BD) Limited, a USA-owned enterprise will set up a tent, tent accessories and outdoor garment manufacturing industry with an investment of US$ 10 million were 5,000 Bangladeshi nationals will get employment opportunities. The company will produce 5 million pieces of tents, backpacks, packing bags, movie screens, projectors, screen walls, lockers, sunscreens, balcony screens, seat covers, camping furniture, raincoats, jackets, etc. annually.
Bangladeshi company M/s. TexTrim Labels (BD) Limited will set up a garment accessories and paper converting industry with an investment of US$ 1.27 million which will create employment opportunities for 197 Bangladeshi nationals. The company will annually produce 11,717 tons of thermal sticker label, plotter marking paper, care label, master cartoon box, screen print, heat transfer and transfer label, tag, etc.
Also read: Mirsarai Economic Zone to create 3 million jobs: LGRD Minister