Wednesday, 25 May, 2022

Hong Kong-owned company to invest $54m in BEPZA economic zone

Hong Kong-owned company to invest $54m in BEPZA economic zone

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Hong Kong (China)-owned company M/s. Campvalley Chittagong Limited is going to set up a camping equipment & garments manufacturing industry in BEPZA Economic Zone with an investment of US$ 54 million.

This foreign owned company will produce annually 21.4 million pieces of tent, bag, backpack, camping chair, furniture, luggage, sleeping bag, knit and woven garments, gazebo, umbrellas, mattress and furniture frame, said a press release.

Some 9380 Bangladeshi nationals will get employment opportunity in this factory. There are two other tent manufacturing companies in Chattogram and Karnaphuli EPZs under the same owner.

An agreement to this effect was signed today between Bangladesh Export Processing Zones Authority (BEPZA) and Campvalley Chittagong Limited at BEPZA Complex, Dhaka.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Hong Woo Lee, Chairman of Campvalley Chittagong signed the agreement on behalf of their respective organizations.

The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the signing ceremony.

BEPZA 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 present during the signing ceremony.

Earlier, BEPZA signed lease agreement with five other companies to set up industry in BEPZA Economic Zone. The companies will invest US$ 60 million where 23,582 Bangladeshi nationals will get employment opportunities.