ZCZC
BSS-17
BEPZA-AGREEMENT
China-Bangladesh joint venture Company to invest $11.50m in AEPZ
DHAKA, Dec 29, 2019 (BSS) – China-Bangladesh joint venture Company M/s CMZ
Zipper Sci and Tech (Bangladesh) Company Limited has signed an investment
agreement with Bangladesh Export Processing Zones Authority (BEPZA) for
establishing a garment accessories industry in Adamjee EPZ (AEPZ).
In presence of BEPZA Executive Chairman Major General S M Salahuddin Islam,
Member (Investment Promotion) of BEPZA Zillur Rahman and Chairman of the M/s
CMZ Zipper Sci and Tech (Bangladesh) Company Limited Shao Minwei inked the
deal recently on behalf of their respective organizations at BEPZA Complex in
the city, said a press release today.
Under the agreement, CMZ Zipper will invest US$ 11.50 million for producing
134 million pcs of different kinds of zipper, button, metal rivet and eyelet,
badge, buckle and hook annually.
The industry will create employment opportunities for 1303 Bangladeshi
nationals.
Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Member
(Finance) Mizanur Rahman, Secretary Md Nabirul Islam and General Manager
(Public Relations) Nazma Binte Alamgir were present at the agreement signing
function.
BSS/PR/KUC/ARS/1708 hrs