Tuesday, 19 October, 2021

Chinese co to invest $6.55m in Dhaka EPZ

  • Staff Correspondent
  • 23 September, 2021 12:00 AM
  • Print news
Chinese co to invest $6.55m in Dhaka EPZ
BEPZA Member (Investment Promotion) Ali Reza Mazid and Meigo (Bangladesh) Limited Senior Operation Manager Chen Shu Qiang exchange documents after signing an agreement at BEPZA Complex in the capital on Wednesday.

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Meigo (Bangladesh) Limited, a fully foreign owned Chinese company, is going to establish a toy manufacturing industry in Dhaka EPZ with an investment of US$ 6.55 million.

An agreement to this effect has been signed between Bangladesh Export Processing Zones Authority (BEPZA) and Meigo (Bangladesh) Limited at BEPZA Complex in the capital on Wednesday, said a press release.

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Senior Operation Manager of Meigo (Bangladesh) Limited Chen Shu Qiang signed the agreement on behalf of their respective organisations.

The company will produce annually 0.9 million pieces of die-cast toy, plastic toy, plush toy and collectibles toy. They will create employment opportunity for 1616 Bangladeshi nationals.

Among others, Member (Finance) Nafisa Banu, Secretary Md Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Investment Promotion) Md Tanvir Hossain and General Manager (Enterprise Services) Md Khorshid Alam of BEPZA witnessed the signing ceremony.