The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with four companies to establish industries in the BEPZA Economic Zone (BEPZA EZ) at Mirsharai, Chattogram. The agreements, signed at the BEPZA Complex in Dhaka, represent a total proposed investment of $111.26 million, creating employment opportunities for 7,607 Bangladeshi nationals.
Of the four investors, three are fully foreign-ownedโfrom China, Singapore, and a ChinaโSingapore joint ownershipโwhile one is a Bangladeshi company. The new ventures will operate in footwear, leather processing, testing services, and garment accessories sectors.
Among the signatories, the largest investment comes from Tai Ma Shoes (BD) Co, Ltd, a Chinese company, which will invest $55.05 million to establish a footwear manufacturing industry. The factory will produce 7 million pairs of formal and casual shoes annually and create 5,900 jobs.
Bangladesh Songshin Leather Co, Ltd, a Singaporean company, will invest $25.03 million to set up a leather processing factory. The company will produce 36 million square feet of finished leather annually from crust leather and create employment opportunities for 480 Bangladeshi nationals, BEPZA said in a press release.
Annray Holding (BD) Co, Ltd, a ChinaโSingapore jointly owned company, will invest $20.03 million to establish a service-oriented testing laboratory, offering finished product and raw material testing facilities to industries across Bangladesh, particularly those in BEPZA EZ. The company will employ 770 personnel in this testing facility.
Wraptox Industries Limited, a Bangladeshi company, will invest $11.15 million to produce garment accessories such as labels, tags, tapes, and printing and packaging materials, with an annual production target of 20,000 metric tonnes, creating 457 jobs.
