Sakata Inx (Bangladesh) Private Limited, a wholly owned subsidiary of Sakata Inx (India) Private Limited, has signed a land lease agreement with Meghna Industrial Economic Zone (MIEZ) for setting up a factory to manufacture liquid inks in Bangladesh.
Mr. Tanveer Ahmed Mostafa, Director, Meghna Group of Industries and Mr. V.K Seth, Chairman, Sakata Inx (Bangladesh) Private Ltd. signed the agreement on behalf of their respective company on January 3, said a press release.
Mr. Paban Chowdhury, Executive Chairman of Bangladesh Economic Zones Authority (BEZA), (H.E Mr. Harsh Vardhan Shringla) was also present on the program.
Mr. Mostafa Kamal, Chairman and Managing Director of Meghna Group of Industries presided over the program.
Sakata, as a group, has evolved into a global ink manufacturer, ranked 3rd overall in size globally. Sakata Inx (Bangladesh) Private Limited will manufacture liquid inks, which are environmentally friendly and meeting all food safety and other safety standards. These inks will be used in flexible packaging printing in Bangladesh. Inks manufactured by Sakata Inx (Bangladesh) Private Limited will lead to import substitution. The Company will offer unmatched technology and quality with focus on customer servicing. Leading consumer brands in the fast moving consumer goods sector like Coke, Pepsi & Maggi are printed using our inks, in various countries.
For the foreign investment of Sakata Inx (Bangladesh) Private Limited will generate huge foreign exchange and employment opportunities for a large number of people.
Sakata Inx (Bangladesh) Private Limited is committed to ensuring that international quality inks are available as inputs for convertors at economical costs for the packaging of fast moving consumer goods in Bangladesh.