BEPZA signs $56.33m new investment agreement during pandemic

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DHAKA, Sept 22, 2020 (BSS) – Bangladesh Export Processing Zones
Authority (BEPZA) has signed US$ 56.33 million new 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
health 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 in 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.