Business Report :
Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Bangladesh Prothoma Power Supply Ltd., a Chinese company, to establish a battery plates manufacturing industry in the BEPZA Economic Zone (EZ).
The agreement was signed by Member (Investment Promotion) of BEPZA, Md. Ashraful Kabir, and Managing Director of Bangladesh Prothoma Power Supply Limited Leiming Jia, in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman at a function at BEPZA office in the city on Tuesday, said a press release.
The company plans to invest US$ 12.24 million in the project, creating employment opportunities for 600 Bangladeshi nationals. They will produce 208 million pieces of battery plates per year for export, contributing to the country’s economic growth and development.
BEPZA Executive Chairman welcomed the Chinese company’s decision to invest in Bangladesh, particularly in the BEPZA EZ, citing the country’s favorable business environment, skilled workforce, and strategic location.
“We are pleased that Bangladesh Prothoma Power Supply Ltd. will produce a diverse nature product, aligning with BEPZA’s objective to foster industrial diversity and economic growth in the country. We assure you of BEPZA’s full support in setting up and running operations smoothly in the BEPZA EZ,” said Major General Rahman.
Leiming Jia expressed his gratitude to BEPZA for the opportunity to establish a presence in the zone.
“We will start operations of our factory in BEPZA EZ within a shortest possible time. We believe that Bangladesh has immense potential and look forward to a long-term partnership with BEPZA,” he added.
