As many as 11 companies are set to invest around US $ 243.71 million in Bangladesh Export Processing Zones Authority’s (BEPZA) Economic Zone (EZ).
Reports claimed this while adding Hong Kong-British Virgin Island-owned ladies undergarments manufacturing company Nova Intima Limited is one amongst these, which will be investing around US $ 28 million in the EZ.
Meanwhile, Chinese enterprise Ms KPST Shoes (BD) Co Limited is also set to establish a shoe accessories manufacturing unit in BEPZA EZ even as this fully foreign-owned company will invest around US $ 8.07 million, underlined a press release issued in this direction.
Managing Director of KPST Shoes (BD) Co Ltd., LUO Zhexian and Member (Investment Promotion) of BEPZA, Ali Reza Mazid, signed an agreement to this effect on behalf of their respective organisations recently.
The company, reportedly, produces 30 million pairs of insole, outsole and midsole and 0.3 million cubic metres EVA and PU foam annually, while also providing employment to 2,650 Bangladeshi nationals.