Chinese firm to invest $16.34m at Bepza EZ

Chinese company Huazhu Accessories Co Ltd signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) to set up an accessories manufacturing factory at the Bepza Economic Zone in Mirsharai, Chattogram.

According to the agreement, signed on Monday at the Bepza Complex in Dhaka, the company will invest $16.34 million, creating employment opportunities for 1,395 Bangladeshi nationals.

The factory will produce a wide range of items, including bra cups, bra wire, hook and eye, webbing tape, elastic, drawstrings, sliders, snap buttons, logos, hardware for bags and luggage, and ribbons, with a projected annual output of 40 lakh kilogrammes.

The agreement was signed by Md Tanvir Hossain, executive director (investment promotion) of Bepza, and Yang Yanmei, managing director of Huazhu Accessories Co Ltd.

Mohammad Moazzem Hossain, executive chairman of Bepza, welcomed the investor and reaffirmed the authority’s commitment to facilitating industrial setup, providing prompt services, and ensuring a business-friendly environment.

Other Bepza officials present at the event included Abdullah Al Mamun, member (engineering); ANM Faizul Haque, member (finance); Md Khurshid Alam, executive director (enterprise services); Samir Biswas, executive director (administration); and ASM Anwar Parvez, executive director (public relations), along with representatives from Huazhu Accessories Co Ltd.