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BEPZA attracts $480m investments in FY25
The Bangladesh Export Processing Zones Authority (BEPZA) has secured investments totaling US$ 480 million from 32 local and foreign companies in the 2024-25 fiscal year across the EPZs and the BEPZA Economic Zone (EZ), reaffirming its pivotal role in driving Bangladesh's industrial growth.
As part of this significant investment drive, BEPZA today signed a lease agreement with M/s Qingdao Dongfang Packaging Technology Limited, a Chinese company, to establish a packaging and accessories manufacturing industry in the Ishwardi EPZ, according to a press release.
The signing ceremony took place at the BEPZA Complex in Dhaka, in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Member (Investment Promotion) of BEPZA Md Ashraful Kabir and Chairman of Qingdao Dongfang Packaging Technology Limited Song Shiliang signed the agreement on behalf of their respective organizations.
Qingdao Dongfang Packaging Technology will invest US$ 4.5 million to produce 5.25 million dozen poly bags, hang tags, and paper tags annually, creating employment opportunities for 240 Bangladeshi nationals.
Speaking at the event, BEPZA Executive Chairman expressed gratitude to Qingdao Dongfang Packaging Technology for choosing Ishwardi EPZ as their investment destination. He emphasized BEPZA's commitment to providing a secure and supportive environment for investors, encouraging the company and other Chinese investors to explore further investment opportunities across diverse sectors.
The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md Imtiaz Hossain, Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Admin) Md. Tazim-Ur-Rahman, and Executive Director (Public Relations) A.S.M Anwar Parvez, along with representatives from Qingdao Dongfang Packaging Technology Limited, reports BSS.