Chinese company to invest $10.2m in BEPZA EZ

Business Report:

Dunion Taiyang Sheng Shoes (BD) Co. Ltd., a Chinese company, is set to invest US$ 10.20 million in a footwear factory at the BEPZA Economic Zone, following an agreement signed with the Bangladesh Export Processing Zones Authority (BEPZA) at the BEPZA Complex in the capital on Sunday.

The Chinese company plans to produce 2.10 million pairs of sandals, flats, high heels, pumps, booties, boots and sports shoes annually, creating employment opportunities for 1,939 Bangladeshi nationals.

In the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc, the agreement was signed by Md. Ashraful Kabir, Member (Investment Promotion), on behalf of BEPZA, and Ye Yary, Chairman of Dunion Taiyang Sheng Shoes (BD) Co. Ltd., on behalf of the company, says a press release.