DHAKA, June 6, 2021 (BSS) – Bangladesh Export Processing Zones Authority (BEPZA) today signed lease agreement with two fully foreign-owned companies.
They will invest US$ 12 million to establish factories in Chattogram and Mongla EPZ, said a press release.
Including these two, BEPZA signed investment agreements with 12 companies with a total proposed investment of $125.21 million during the current fiscal year 2020-21.
One of the agreement signing enterprises namely Ms MAS Sumantra 2 Private Limited, a Singapore-Sri Lanka owned company will establish a garments manufacturing industry in Chattogram EPZ.
This company will invest $ 7.18 million to produce annually 28.58 million pcs of intimate garments specially Brief and Bra. 2673 Bangladeshi nationals will be employed in this factory.
On the same day, another company from South Korea M/s Gabo Global Limited also signed an agreement with BEPZA to set up a Garments and Camping Manufacturing industry in Mongla EPZ.
This company will invest $ 4.85 million to produce 2.3 million pcs of woven garments, knit garments and campaign items per annum. This will create employment opportunities for 1030 Bangladeshi nationals.
In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, this land lease agreement signing ceremonial was held at BEPZA complex, Dhaka. Member (Investment Promotion) of BEPZA Md Mahmudul Hossain Khan and Country Head of MAS Sumantra 2 Mangala Athauda including Managing Director of Gabo Global Do Kyun Kim inked these agreements on behalf of their respective organizations.
Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md. Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md. Tanvir Hossain of BEPZA witnessed both the signing ceremonies.