DC Industry to set up $5.36m factory in Bepza EZ

DC Industry (Bangladesh) Company Ltd signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) yesterday to set up a bag and wallet manufacturing facility in Bepza Economic Zone at Mirsharai, Chattogram with an investment of $5.36 million.

Md Ashraful Kabir, member (investment promotion) of Bepza, and Han Chenguang, managing director of the company, penned the deal at Bepza Complex in Dhaka, said a press release.

The company has an annual target to produce 2.5 million handbags, 1.5 million backpacks and 1 million wallets and the investment is expected to create employment opportunities for nearly 3,000 people.

Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza, said Bepza always encourages investments for the production of a diverse array of products.

So far, a total of 31 companies, including DC Industry (Bangladesh) Ltd, signed agreements to set up manufacturing facilities inside Bepza Economic Zone and the proposed investments altogether amount to $711 million.