Lugang Technology (Bangladesh) Limited, a Hong Kong (China) owned company, is going to establish a textile industry at Ishwardi Export Processing Zone (IEPZ). This fully foreign owned company will invest US$ 22.99 million where 3182 Bangladeshi nationals will get jobs, said a press release issued on Wednesday. Read more: EPZs saw all-time high export, investment, job growth in FY22: Bepza The company will produce annually 5,100 tons raw  and dyed yarn. Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Ding Feng, Vice General Manager of Lugang Technology (Bangladesh) Limited signed an agreement to this effect on behalf of their respective organizations on Wednesday at BEPZA Complex in Dhaka. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present at the signing ceremony. Read more: BEPZA EZ gets $28m more in investment Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Investment Promotion) Md. Tanvir Hossain and Additional Executive Director (Public Relations) Anwar Parvez along with representatives of the enterprise were present at the signing ceremony.

Adnan Fibre Limited, a Bangladeshi company, will invest $20.66 million to establish a backward linkage industry in Ishwardi Export Processing Zone (IEPZ). The company would produce 25,000 Metric Tons of Polyester Staple Fibre (PSF) per annum. Some 514 Bangladeshi nationals will get employment opportunities in this factory. The company will produce PSF from the PET Flex (PET Bottle) which will be collected locally. This will ultimately help to prevent environmental pollution. Also read: Korean Kido group to invest $ 31.17 mln at Adamjee EPZ “It will be the first factory of its kind in IEPZ and just the second in all EPZs under BEPZA. BEPZA always encourages to establish backward linkage industries in EPZs that are basiclly import substitute products,” said a BEPZA official. Bangladesh Export Processing Zones Authority (BEPZA) and Adnan Fibre Limited signed an agreement to this effect Sunday at BEPZA Complex in the capital. Member (Investment Promotion) of BEPZA Ali Reza Mazid and Managing Director of Adnan Fibre Adnan Mehmood signed the agreement on behalf of their respective organizations. The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony. Also read: Bangladesh’s single largest rooftop solar power plant inaugurated in Korean EPZ  

Roulin (BD) Limited, a Japanese apparel manufacturing company, is going to expand its business in Ishwardi EPZ and create employment for 3,500 Bangladeshis. The enterprise signed an agreement to this effect with BEPZA on Wednesday.  Recently, the major share of the company was taken over by Matsuoka Corporation, a major player in the wholesale sector of Japan. Now the new shareholder will expand the existing operation of Roulin (BD) by investing $25 million where 3,500 Bangladeshis will be employed. Read: BEPZA gives highest priority to workers’ safety, welfare: Law Minister Roulin (BD) has been operating their business in IEPZ since 2011 and invested $4.53 million. In presence of the Executive Chairman of Bangladesh Export Processing Zones Authority Major General Md Nazrul Islam, Member (Investment Promotion) Md Mahmudul Hossain Khan for BEPZA and Representative of Matsuoka Corporation Osamu Sasaki on behalf of Roulin (BD) signed the agreement at BEPZA Complex, Dhaka. BEPZA is trying its best to attract foreign and local investment in the EPZ even during the Covid-19 pandemic. Investment-friendly policies of the government and favourable investment atmosphere of EPZs are encouraging Japanese investors including others to invest in EPZs. Read Dekko ISHO Group joins hands with Markopolo.ai to contribute to IT industry growth Presently, 31 Japanese enterprises have invested $525 million in the EPZs and created employment opportunity for 13,500 Bangladeshis. Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md Tanvir Hossain of BEPZA including Managing Director of Roulin (BD) Md Mahbubar Rahman were present at the signing ceremony. Read: Korean envoy discusses investment issues with BEPZA Executive Chairman