BEPZA signs $12m investment deal with 2 foreign companies | The Daily Star
04:07 PM, June 07, 2021 / LAST MODIFIED: 04:10 PM, June 07, 2021

BEPZA signs $12m investment deal with 2 foreign companies

The Bangladesh Export Processing Zones Authority (BEPZA) has signed a couple of lease agreements, worth about US$12 million, with two foreign companies recently.

As per the agreement, M/s MAS Sumantra 2 Private Ltd, a Singapore-Sri Lanka based company, will establish a garments manufacturing industry in Chattogram EPZ, a press release said.

For all latest news, follow The Daily Star's Google News channel.

This company will invest US$7.18 million to produce 28.58 million pieces of intimate garments, especially brief and bra. It is estimated that around 2,673 Bangladeshi nationals will be employed in this factory.

Besides, another company from South Korea M/s Gabo Global Ltd also signed an agreement with BEPZA to set up a garments and camping manufacturing industry in Mongla EPZ.

This company will invest US$ 4.85 million to produce 2.3 million pieces of woven garments, knit garments and campaign items per annum. Around 1,030 Bangladeshi nationals are expected to be employed there.

Md Mahmudul Hossain Khan, member (Investment Promotion) of BEPZA, Mangala Athauda, country head of MAS Sumantra 2, and Do Kyun Kim, managing director of Gabo Global, inked the agreements at the BEPZA complex in Dhaka yesterday.

BEPZA Executive Chairman Major General Md Nazrul Islam signed the land lease agreement signing ceremony.

So far, the BEPZA signed investment agreements with 12 companies, whose total proposed investment of US$125.21 million during the current fiscal year.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Type START <space> BR and send SMS it to 22222

Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News