Japanese company to set up liquid ink factory in Meghna EZ

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DHAKA, Jan 3, 2019 (BSS) – A globally reputed Japanese liquid ink manufacturing company, Sakata Inx, is going to set up ?a ink factory in the private economic zone, Meghna Industrial Economic Zone (MIEZ) in Narayanganj.

To this end, Sakata Inx (Bangladesh) Private Limited today signed a land lease agreement with MIEZ. Sakata Inx will invest US$10 million initially and will create around 1,000 job opportunities in the factory.

Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury, High Commissioner of India to Bangladesh Harsh Vardhan Shringla, Chairman of the Meghna Group of Industries Mostafa Kamal, Managing Director of Sakata India V K Seth and other senior officials of BEZA, Meghna Group and Sakata attended the agreement signing ceremony.

Speaking on the occasion, Paban Chowdhury said the government is providing all sorts of facilities to the economic zones to ensure investment friendly environment. So, many companies are showing interest to invest in the economic zones, he added.

He expected that the Mongla IEZ will start its operation by 2020.