11 entities to invest US $ 243.71 million in BEPZA Economic Zone in Bangladesh

[rainbowrascal]

As many as 11 companies are set to invest around US $ 243.71 million in Bangladesh Export Processing Zones Authority’s (BEPZA) Economic Zone (EZ).

Reports claimed this while adding Hong Kong-British Virgin Island-owned ladies undergarments manufacturing company Nova Intima Limited is one amongst these, which will be investing around US $ 28 million in the EZ.

Meanwhile, Chinese enterprise Ms KPST Shoes (BD) Co Limited is also set to establish a shoe accessories manufacturing unit in BEPZA EZ even as this fully foreign-owned company will invest around US $ 8.07 million, underlined a press release issued in this direction.

Managing Director of KPST Shoes (BD) Co Ltd., LUO Zhexian and Member (Investment Promotion) of BEPZA, Ali Reza Mazid, signed an agreement to this effect on behalf of their respective organisations recently.

The company, reportedly, produces 30 million pairs of insole, outsole and midsole and 0.3 million cubic metres EVA and PU foam annually, while also providing employment to 2,650 Bangladeshi nationals.

11 entities to invest US $ 243.71 million in BEPZA Economic Zone in Bangladesh | Apparel Resources

Massive investment by foreign entities in BEPZA EZ in Bangladesh.

apparelresources.com

 

[bluesky]

As many as 11 companies are set to invest around US $ 243.71 million in Bangladesh Export Processing Zones Authority’s (BEPZA) Economic Zone (EZ).

Not physical infrastructure big projects with borrowed money that can be photographed, but small industrial plants are what the country needs to develop itself economically.

Factories produce value-added goods that raise the country's wealth bases. I most welcome this investment by the private sector.