BEPZA signs $56.33m new investment agreement during pandemic

Bangladesh Export Processing Zones  Authority (BEPZA) has signed a new 56.33 million US dollar investment agreement with seven companies during corona pandemic.

Among them, five companies are foreign owned by South Korea, Sri Lanka and China and two companies from host country Bangladesh, said a BEPZA press release issued today.

Presently the whole world has become almost stagnant for corona pandemic. During this time BEPZA has tried its best to keep moving the economy of the country as well as ensuring the production of the EPZs uninterrupted by maintaining social distance.

BEPZA instructed and monitored the enterprises of EPZs to maintain hygiene rules strictly from the beginning of the pandemic. Besides following EPZ Labour Act strictly, BEPZA also ensured timely payment of the wages, bonus, dues and other benefits of the EPZs’ workers without terminating workers illegally during this time.

The enterprises of EPZs has maintained health protection, hand washing and sanitizing arrangement, medical facilities, disinfection tunnel in the factory, restriction of visitors’ entry inside the zones, safe working environment as per the directions of BEPZA.

Besides producing traditional items, some enterprises of EPZs started producing Personal Protective Equipment’s (PPE) with the demand of time with full safety and security. These healthcare products have been used in the country and also exported abroad.

The operating enterprises of eight EPZs under BEPZA exported goods worth of US$ 3913.14 million during January-August, 2020. The actual investment stood US$ 169.91 million in those enterprises during this time.

(Source: BSS)