Canada-China owned company to invest $5.74 million in Bepza Economic Zone

A Canada-China owned company will invest $5.74 million to set up a diversified product manufacturing industry in Bepza Economic Zone.

The company will produce annually 10,000 tonnes of wooden disposable cutlery (knife, fork, spoon, and stirrer) and medical products (swab, tongue depressor) and it will create 1,990 job opportunities for Bangladeshi nationals.

Ali Reza Mazid, member for investment promotion at Bangladesh Export Processing Zones Authority (Bepza), and Li Xin, project manager of Goodwood (Dhaka) Co Ltd, signed an agreement in this regard at Bepza Complex in Dhaka on April 5.

Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present at the signing ceremony.

Including Goodwood (Dhaka) Company, Bepza has approved seven companies to set up industries in Bepza Economic Zone.

The proposed investment of the other six companies, which have already signed lease agreement is $114.37 million, where 32,962 Bangladeshi nationals will get employment opportunities.

Among others, Bepza's Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam and Project Director of Bepza Economic Zone Md Hafizur Rahman were also present at the signing ceremony.