Chinese toymaker to invest $6.5m for Dhaka EPZ factory
Chinese toymaker Meigo (Bangladesh) Ltd is going to invest $6.55 million to establish a factory in Dhaka Export Processing Zone. The company will annually produce 9 lakh die-cast, plastic, plush and collectible toys.
This will create employment for 1,616 Bangladeshi nationals, Bangladesh Export Processing Zones Authority (Bepza) said in a press release yesterday.
BEPZA Member for Investment Promotion Ali Reza Mazid and Senior Operation Manager of Meigo (Bangladesh) Chen Shu Qiang inked an agreement in this regard at Bepza headquarters in Dhaka.