Hong Kong (China)-based company M/s Campvalley Chittagong Limited is going to set up a camping equipment and garments manufacturing industry in BEPZA Economic Zone with an investment of $54 million.
This foreign owned company will produce annually 21.4 million pieces of tent, bag, backpack, camping chair, furniture, luggage, sleeping bag, knit and woven garments, gazebo, umbrellas, mattress and furniture frame, said a press release.
As many as 9,380 Bangladesh nationals will get employment opportunity in this factory. There are two other tent manufacturing companies in Chattogram and Karnaphuli EPZs under the same owner.
An agreement to this effect was signed on Thursday between Bangladesh Export Processing Zones Authority (BEPZA) and Campvalley Chittagong Limited at BEPZA Complex, Dhaka.
Ali Reza Mazid, member (investment promotion) of BEPZA and Hong Woo Lee, chairman of Campvalley Chittagong, signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
BEPZA member (Engineering) Mohammad Faruque Alam, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam and Project Director of BEPZA EZ Md Hafizur Rahman were present during the signing ceremony.
Earlier, BEPZA signed lease agreement with five other companies to set up industry in BEPZA Economic Zone.
The companies will invest $60 million where 23,582 Bangladesh nationals will get employment opportunities.
