China-based firm to invest $30.47m in Bepza Economic Zone

Business Report :

Green Pure Houseware (BD) Co Ltd, a China (Hong Kong)-based company, is set to invest $30.47 million to set up a manufacturing plant in the Bepza Economic Zone.

Md Tanvir Hossain, executive director (investment promotion) of Bangladesh Export Processing Zones Authority (Bepza) and Wang Shenyu, managing director of Green Pure Houseware, signed a land lease agreement on behalf of their respective sides at the BEPZA Complex in Dhaka today, according to a press release.

The company will mainly produce greenhouse hydroponics tents– specialised portable structures for soil-less cultivation. Additionally, EVA cabinet mats, cartons, and PE packaging films will also be manufactured at the facility. The products will be exported to major international markets, including the US, Europe, the UK, Canada, and Japan.

The project is expected to create 3,000 jobs for Bangladeshi nationals. Major General Mohammad Moazzem Hossain, executive chairman of Bepza, witnessed the signing ceremony. He welcomed the investors and reaffirmed Bepza’s commitment to providing seamless services and a business-friendly environment.

Senior Bepza officials, including Abdullah Al Mamun, member (engineering), ANM Foyzul Haque, member (finance), and ASM Anwar Parvez, executive director (public relations), were also present.