Hong Kong-based company Campvalley to invest $54m in BEPZA
Hong Kong-China owned company Campvalley Chittagong Limited will invest US$54 million to set up camping equipment & garment manufacturing industry in BEPZA Economic Zone. This foreign-owned company will produce 21.4 million pcs of tents, Bags & backpacks, camping chairs & furniture, luggage, and s
Hong Kong-based company Campvalley to invest $54m in BEPZA
Published: March 24, 2022 18:50:09
Hong Kong-China owned company Campvalley Chittagong Limited will invest US$54 million to set up camping equipment & garment manufacturing industry in BEPZA Economic Zone.
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This foreign-owned company will produce 21.4 million pcs of tents, Bags & backpacks, camping chairs & furniture, luggage, and sleeping bag, different kinds of knit & woven garments, gazebo, umbrella, mattress and furniture frame.
A total of 9380 Bangladeshi nationals will get employment opportunities in this factory, reports UNB.
Mentionable, there are two other tent manufacturing companies in Chattogram and Karnaphuli EPZs under the same owner.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Campvalley Chittagong Limited at BEPZA Complex, Dhaka on Thursday.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Hong Woo Lee, Chairman of Campvalley Chittagong signed the agreement on behalf of their respective sides.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Member (Engineering) Mohammad Faruque Alam, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Project Director of BEPZA EZ Md. Hafizur Rahman, were, among others, present in the signing ceremony.
Earlier, BEPZA signed lease agreement with five other companies to set up industries in BEPZA Economic Zone. The companies will invest $ 60 million where 23,582 Bangladeshi nationals will get employment opportunities.
