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BEPZA inks $51.82m investment deal with Taiwanese shoe co

  • Business Desk
  • 25th December, 2019 12:00:00 AM
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BEPZA inks $51.82m investment deal with Taiwanese shoe co
BEPZA Member (Investment Promotion) Zillur Rahman and Golden Chang Shoes General Manager Kuoting Wu sign a US$51.82 million investment agreement at BEPZA Complex in the capital on Tuesday.

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Bangladesh Export Processing Zones Authority (BEPZA) has signed US$51.82 million investment agreement with M/s Golden Chang Shoes (BD) Ltd., a concern of renowned Golden Chang Group of Taiwan.

The company will set up a factory in Cumilla EPZ for producing safety shoes, casual shoes and all kinds of shoe, said a press release.

This fully-foreign owned company will produce 3.5 million pairs of shoes per annum for world famous brand Caterpillar, Timberland and Dr. Martens (UK). Golden Chang Shoes will be creating employment opportunity for 6171 Bangladeshi nationals.

Zillur Rahman, Member (Investment Promotion) of BEPZA and Kuoting Wu, General Manager of M/s. Golden Chang Shoes (BD) Ltd. inked the agreement on behalf of their respective organisations at BEPZA Complex in the capital on Tuesday.

Executive Chairman of BEPZA Major General SM Salahuddin Islam witnessed the signing ceremony.

Among others, Mohammad Faruque Alam, Member (Engineering), Mizanur Rahman, Member (Finance), Md. Nabirul Islam, Secretary, Nazma Binte Alamgir, General Manager (Public Relations) and Md. Tanvir Hossain, General Manager (Investment Promotion) of BEPZA were present.