China firm to invest $50m in Bepza EZ

Around 4,000 Bangladeshi nationals will get employment opportunities in the factory, Bepza said

Chinese company Venus Beauty Ltd is going to set up a hair fashion accessories manufacturing factory in the Bepza Economic Zone with an investment of $50 million.

This fully foreign-owned company will annually produce 226.09 million pieces of fashion accessories, plastic combs, mirrors, headbands, ponytailor and ponyband.

Around 4,000 Bangladeshi nationals will get employment opportunities in this factory, Bangladesh Export Processing Zones Authority (Bepza) said in a statement yesterday.

Venus Beauty has another diversified product manufacturing factory named Tung Hing (BD) Manufacturing Ltd in the Cumilla Export Processing Zone.

Nafisa Banu, member (finance) of Bepza, signed a deal with AMM Shamsuddin Chowdhury, executive consultant of Venus Beauty Ltd, in this regard at Bepza Complex in Dhaka yesterday.

Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza, attended the signing ceremony along with Md Zakir Hossain Chowdhury, executive director (administration), Nazma Binte Alamgir, executive director (public relations), Md Tanvir Hossain, executive director (investment promotion), Md Khorshid Alam, executive director (enterprise services) and Md Hafizur Rahman, project director of the Bepza Economic Zone.