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Chinese firm to invest $6m in BEPZA EZ

BSS . Dhaka
15 May 2023 17:20:47 | Update: 15 May 2023 17:28:25
Chinese firm to invest $6m in BEPZA EZ
— Courtesy Photo

Chinese company Jibin Technology (BD) Company Ltd is going to set up a shoe accessories manufacturing industry in BEPZA Economic Zone (EZ) with an investment of $ 6 million.

Jibin Technology signed an agreement with BEPZA to this effect at BEPZA Complex in the city on Monday, read a press release.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Wu Xueli, Managing Director of Jibin Technology (BD) Company Limited signed the agreement on behalf of their respective organizations.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

Jibin Technology (BD) will produce annually 6 million pairs of shoe accessories items like Outsole, Midsole, Injection Parts, Backstay, Heel Clip, Toe Cap, Sports Spike, EVA, PU Foam, PU Component etc.

Initially they will create employment opportunities for 195 Bangladeshi nationals.

Mentionable that BEPZA EZ is the largest venture of BEPZA located at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsharai, Chattogram on 1138.55 acres of land.

To turn it into a vibrant industrial enclave BEPZA signed lease agreements with a total of 18 companies of home and abroad including Jibin Technology (BD).

These companies will invest US$ 400 million to produce diversified products including traditional readymade garments.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir, Project Director of BEPZA EZ Mohammad Anamul Haque, Additional Executive Director (Investment Promotion) Md Fazlul Haque Mazumder were present during the signing ceremony.