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BCCCI-BEPZA aim to attract more investment in EPZs

TBP Desk
03 Apr 2023 00:00:00 | Update: 02 Apr 2023 23:09:46
BCCCI-BEPZA aim to attract more investment in EPZs
Officials of BEPZA and BCCCI pictured at the signing ceremony of a MoU on Sunday in Dhaka – Courtesy Photo

Bangladesh China Chamber of Commerce & Industry (BCCCI) and Bangladesh Export Processing Zones Authority (BEPZA) will work to further enhance mutual cooperation for attracting more Chinese investment in the export processing zones (EPZs) of Bangladesh.

The two parties signed a Memorandum of Understanding (MoU) at BEPZA Complex in Dhaka on Sunday to this end, according to a press statement.

BCCCI and BEPZA will act in close cooperation to enhance investment from China through holding joint consultation meetings, investment dialogues, trade and investment-related conferences, seminars, roundtable meetings and exhibitions at home and abroad.

BEPZA Member (Investment Promotion) Ali Reza Mazid and BCCI Secretary General Al Mamun Mridha signed the MoU on behalf of their respective organisations.

Speaking on the occasion, Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of BEPZA, underscored more active promotion and persuasion for investment in Bangladesh.

He urged upon drawing investment prospects in some rapidly growing sectors like producing pharmaceutical raw materials, medical equipment and appliances, focusing on its tannery industry for large-scale manufacturing of leather goods in Bangladesh

Meanwhile, BCCCI Secretary General Al Mamun Mridha emphasised on joint programs of action by BCCCI and BEPZA with focus on ‘Made In Bangladesh’ branding in potential export hubs of China.

He said BCCCI keeps the Chinese investors aware of BEPZA and after signing the MoU it would call for giving more care and investment facilitation in the export processing zones of Bangladesh.

The meeting was attended by high officials of both BEPZA and BCCCI, including the BCCCI Vice President Mohd Ishaqul Hosssin Sweet, Directors Li Xiao, Khandaker Atiqur Rahman, Mohammad Hafizur Rahman Khan and Kazi Newaz Ibne Mahtab.