Chinese company to invest $10.47m in BEPZA EZ

Business Report :

Baishili Household Products Bangladesh Co. Ltd., a Chinese company, is set to invest US$ 10.47 million to establish household products and bag manufacturing industry in the BEPZA Economic Zone (BEPZA EZ) located in Mirsharai, Chattogram.

An agreement to this effect was signed today at the BEPZA Complex in the city, between the Bangladesh Export Processing Zones Authority (BEPZA) and Baishili Household Products Bangladesh Co. Ltd.

In the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, the agreement was signed by Md Ashraful Kabir, Member (Investment Promotion), on behalf of BEPZA, and Sun Rundong, Chairman of Baishili Household Products Bangladesh Co. Ltd., on behalf of the company.

The foreign-owned company will annually produce 21.41 million pieces of various household storage, decoration, and related products, along with different kinds of bags. The project is expected to create employment for 989 Bangladeshi nationals, says a press release. The BEPZA Executive Chairman welcomed Baishili Household’s investment in Bangladesh, particularly in BEPZA EZ.