Japanese co to invest $25m to expand business in IEPZ

Staff Correspondent

20 May, 2021 12:00 AM printer

Japanese co to invest $25m to expand business in IEPZ

BEPZA Member (Investment Promotion) Md Mahmudul Hossain Khan and Representative of Matsuoka Corporation Osamu Sasaki on behalf of Roulin (BD) exchange documents after signing an agreement at BEPZA Complex in the capital on Wednesday.

Roulin (BD) Limited, a Japanese apparel manufacturing company, is going to invest $25 million in Ishwardi EPZ.

The enterprise signed an agreement to this effect with BEPZA on Wednesday, said a press release.

BEPZA Member (Investment Promotion) Md. Mahmudul Hossain Khan and Representative of Matsuoka Corporation Osamu Sasaki on behalf of Roulin (BD) signed the agreement on their respective sides at BEPZA Complex in the city.

The Executive Chairman of Bangladesh Export Processing Zones Authority Major General Md Nazrul Islam was present during the signing ceremony.

Recently, the major share of the company has taken over by Matsuoka Corporation, a major player of the wholesale sector of Japan.

Now the new shareholder is expand the existing operation of Roulin (BD) by investing     $25 million where 3500 Bangladeshi persons will be employed.

 Mentionable, Roulin (BD) has been operating their business in IEPZ since 2011 and invested $4.53 million.

BEPZA is trying its best to attract foreign and local investment in the EPZ even during the Covid-19 pandemic.

Investment-friendly policies of the government and favorable investment atmosphere of EPZs are encouraging Japanese investors including others to invest in EPZs.

Presently, 31 Japanese enterprises have invested $525 million in the EPZs and created employment opportunity for 13,500 Bangladeshi nationals.

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 including Managing Director of Roulin (BD) Md. Mahbubar Rahman were present at the signing ceremony.


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