BEPZA signs $4.01mn lease deal with Chinese co

Staff Correspondent

31 December, 2020 12:00 AM printer

BEPZA signs $4.01mn lease deal with Chinese co

BEPZA Member (IP) Md Mahmudul Hossain Khan from BEPZA Executive Office in Dhaka and Sun-A Oral Care managimg Director Mao Jianzheng from Embassy of Bangladesh in China are seen at a virtual agreement signing ceremony on Wednesday. BEPZA Executive Chairman Major General SM Salahuddin Islam was also present on the occasion.

Bangladesh Export Processing Zones Authority (BEPZA) signed a lease agreement virtually with a Chinese company Sun-A Oral Care Products Company Limited.

This fully foreign-owned company is going to establish an oral and dental care products manufacturing industry with an investment of US$ 4.01 million in Chattogram EPZ, said a press release.

BEPZA has taken such initiative to continue the flow of investment in the new global crisis caused by the corona pandemic. Mentionable, amid the pandemic, BEPZA is receiving investment proposals from both local and foreign investors because of congenial investment climate in EPZs.

BEPZA and Sun-A Oral Care Products Company inked a deal to this effect on Wednesday connecting virtually from BEPZA Executive Office in the capital at one end and Bangladesh Embassy in Beijing, China at another end.

Member (Investment Promotion) of BEPZA Md. Mahmudul Hossain Khan and Managing Director of Sun-A Oral Care Products Company Limited Mao Jianzheng signed the agreement.

Sun-A Oral Care Products company will produce 30 million pieces of modern dental care products per annum with creating job opportunity for 94 Bangladeshi nationals.

The Ambassador of Bangladesh to China Mahbub Uz Zaman congratulated the Chinese investors and assured them all out support to expand their business in EPZ as well as Bangladesh.

The Executive Chairman of BEPZA Major General SM Salahuddin Islam thanked the investor and Bangladesh Embassy, China for their support.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md. Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md. Tanvir Hossain of BEPZA at Dhaka end and Commercial Counsellor of Bangladesh Embassy, Beijing, Mohammad Monsur Uddin and Director of Sun-A Oral Care, WU Ojuli at Beijing end were present during the virtual signing ceremony.

Mentionable that recently BEPZA has signed its first virtual agreement with a German bridal wear manufacturing company with an investment of US$12 million.