German company to relocate factory from Poland to Bangladesh

An enterprise of cent percent German ownership, M/S United Bridal Factory Limited, is investing about US$12 million and relocating one of their successful factories from Poland to Bangladesh.

To this end, Bangladesh Export Processing Zones Authority (BEPZA) and M/S United Bridal Limited today inked a land lease agreement at Bangladesh Embassy in Berlin, said a press release here.

Ambassador of Bangladesh in Berlin Md Mosharraf Hossain, Chairman of United Bridal Factory Limited Bartosz Wodecki, Managing Director of the United Bridal Factory Limited Adrian Gaszaka, BEPZA Member (Investment Promotion) Md Mahmudul Hossain Khan and other BEPZA senior officials attended the function.

During the function, Md Mosharraf Hossain congratulated the investors and assured them of his all-out support.

He mentioned that he recently talked with the German Ambassador in Dhaka who is also very pleased with this investment.

Commercial Counsellor of the Bangladesh Embassy in Berlin Md Saiful Islam moderated the function.

Recently, BEPZA has permitted MS UBF Bridal Limited for setting up a garments manufacturing factory in Adamjee EPZ. Due to current corona pandemic, the investor is unable to travel to Bangladesh to sign the necessary paper works, therefore, innovative arrangements have been made and the embassy is facilitating the signing ceremony so that this great investment project can go ahead without hindrance.

The company will not only produce high-end bridal wear but also bridal accessories making a total 27 different bridal items for the European and also growing international markets.

Along with the creation of further employment sector, there will be also transfer of technical knowledge and skills.

Source: BSS