SPS Agrotech to invest $6.69m in agro-based industry at Ishwardi EPZ

The SPS Agrotech Ltd, an Indo-Bangla Joint Venture Company, has announced an investment of $6.69 million to set up a Rice Bran Oil processing plant at Ishwardi EPZ.

The processing plant, which plans to produce 150,000 metric tonnes of edible oil annually, will be the first of its kind at the EPZ and create job opportunities for more than 300 people.

In this regard, BEPZA Member (Finance & Investment Promotion-Additional Charge) Nafisa Banu and SPS Agrotech Ltd Managing Director Chitta Majumder signed an agreement on behalf of their respective sides on Wednesday at BEPZA Complex in Dhaka

BEPZA Executive Chairman Major General Md Nazrul Islam was present at the signing ceremony.

Among others, BEPZA Secretary Md Zakir Hossain Chowdhury, General Manager (Investment Promotion) Md Tanvir Hossain and General Manager (Enterprise Services) Md Khorshid Alam were also present at the signing ceremony.