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Chinese company to invest $6m in BEPZA EZ

Published : Tuesday, 2 April, 2024 at 12:00 AM  Count : 201
Business Desk
Taisheng (Bangladesh) Webbing Co. Limited, a Chinese company, is going to set up a shoe, bag and garments accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ) in Mirsharai, with an investment of $6.0 million.

Ali Reza Mazid, Member (investment promotion) of Bangladesh Export Processing Zones Authority (BEPZA) and Li Yecai, Managing Director of Taisheng (Bangladesh) Webbing Co Ltd, signed an agreement on behalf of their respective organisations at BEPZA Complex in Dhaka.

Major General Abul Kalam Mohammad Ziaur Rahman, The Executive Chairman of the BEPZA, was present during the signing ceremony, said a press release.

The company will produce annually 6.0 million tonnes of shoelace, elastic, drawcord, drawstring, string, webbing belt and webbing tape creating employment opportunities for 200 Bangladeshi nationals.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Md. Ashraful Kabir, Executive Director (Admin) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain and Executive Director (Public Relations) A.S.M. Anwar Parvez along with representatives of the enterprise were present.



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