Deltaport Footwear Limited, a venture of Italian and Irish investors, has signed a land lease agreement with BEPZA to establish a modern footwear manufacturing plant at the BEPZA Economic Zone in Mirsharai, Chattogram.
The company will invest US$ 21.60 million to manufacture a wide range of footwear products. This investment is expected to contribute significantly to the diversification of Bangladesh’s export-oriented footwear industry while creating employment opportunities and generating foreign currency earnings.
The agreement was signed Tuesday at the BEPZA Complex in Dhaka.
Md. Tanvir Hossain, Executive Director (Investment Promotion), signed the agreement, while Junaid Iqbal Umerani, Chief Executive Officer of Deltaport Footwear Limited, signed on behalf of the company. Major General Mohammad Moazzem Hossain, Executive Chairman of BEPZA witnessed the signing ceremony.
Abdullah Al Mamun, Member (Engineering); A N M Foyzul Haque, Member (Finance); Samir Biswas, Executive Director (Administration); A.S.M. Anwar Parvez, Executive Director (Public Relations); senior officials of BEPZA along with Uttam Kumar Talukdar, representative of Deltaport Footwear, were also present at the signing ceremony.
Once fully operational, the company officials said the factory will create employment opportunities for 468 Bangladeshi nationals. The plant will produce around 3 million pairs of injected, cemented, casual, formal, ladies, and safety shoe annually.
The company expects to generate annual export earnings of approximately US$ 37.5 million. The project aims for an annual export turnover of US$ 37.5 million, targeting export markets in Italy, Europe, the UK, the USA, and Colombia.
Speaking at the signing ceremony, Major General Mohammad Moazzem Hossain, Executive Chairman of BEPZA, welcomed Deltaport Footwear Limited as a valued investment partner of the BEPZA family. “BEPZA is continuously enhancing its infrastructure, services and investment facilities to provide investors with a more convenient, modern and business-friendly environment”, he said.
“We believe this investment will further strengthen Bangladesh’s export competitiveness while creating new employment opportunities.”
This is third investment project of Deltaport Footwear Limited in Bangladesh, and all three are located within BEPZA-administered zones.
“As part of our regional business expansion strategy, we evaluated several potential destinations, including India and Vietnam. However, Bangladesh- particularly BEPZA- offered the most attractive investment destination due to its investment-friendly environment, professional services, reliable infrastructure and our long-standing positive experience,” said Junaid Iqbal Umerani, CEO of Deltaport Footwear Limited.
