Kazi Badam to set up cashew nut industry in BEPZA EZ

Bangladeshi company Kazi Badam Limited is going set up an agro processing (cashew nut) industry in BEPZA Economic Zone (BEPZA EZ).

The local company will invest $ 17.22 million to produce Cashew Nut Kernel and Cashew Nut Shell Liquid, said a press statement, adding that this would be the first agro-based industry in the BEPZA EZ.

Kazi Badam Limited signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to this effect at BEPZA Complex in Dhaka on Sunday.

Ali Reza Mazid, member (Investment Promotion) of BEPZA and Kazi Zahedul Hasan, chairman of Kazi Badam Limited signed the agreement on behalf of their respective organisations.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, was present during the signing ceremony.

Under the agreement, Kazi Badam Limited will produce annually 13,050 tonnes of Cashew Nut Kernel and Cashew Nut Shell Liquid where 494 Bangladeshi nationals will get employment opportunity.

Among other from BEPZA, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam and Project Director Mohammad Anamul Haque were present at the agreement signing ceremony.

BEPZA is emphasising on selecting industries of diverse nature for the BEPZA Economic Zone. It signed agreements with 20 other companies to establish factories here.