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Yeijer Shoe Parts to invest $5 million in Cumilla EPZ
Yeijer Shoe Parts (BD) Ltd, a company based in Samoa-China (Taiwan), has signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to set up a footwear and footwear accessories manufacturing facility at Cumilla Export Processing Zone (EPZ).
The company will invest US$ 5.03 million for the production of insoles, outsoles, midsoles, and polyurethane (PU) shoes.
The agreement was signed on May 20 at the BEPZA Complex in Dhaka.
Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, signed the agreement on behalf of BEPZA, while Xia Ruihong, Managing Director of Yeijer Shoe Parts, signed on behalf of the investing company.
BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the signing ceremony.
As per the agreement, the company will produce 3 million pairs of insoles, 1.2 million pairs of outsoles, and 3.2 million pairs of midsoles and 1 million pairs of PU shoes annually.
The company is expected to create employment opportunities for 500 Bangladeshi nationals.
BEPZA Executive Chairman welcomed Yeijer Shoe Parts and assured full support from BEPZA to facilitate smooth and successful business operations within the zone.
He also emphasised that BEPZA continues to extend comprehensive support to attract diversified investment beyond the RMG sector, reports UNB.