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BSS
  27 Sep 2022, 15:28

Chinese Company to invest $12m in Ishwardi EPZ

DHAKA, Sept 27, 2022 (BSS) - Chinese company Ms Qinda Outdoor (BD) Company
Limited is going to set up a Tent, Sleeping Bag and Bag manufacturing
industry in Ishwardi Export Processing Zone (IEPZ).

This fully foreign owned company will invest US$ 12 million, said a press
release.

This factory will produce annually 2 million pcs of Tent, Canopy, Bag,
Sleeping Bag, Back Pack, Tarpaulins, Awnings, Mosquito Net, Portable Folding
Chair, Recycle Bin and Umbrella.

Ms Qinda Outdoor (BD) Co. Ltd will create employment opportunity for 2973
Bangladeshi nationals.

An agreement to this effect was signed today between Bangladesh Export
Processing Zones Authority (BEPZA) and Qinda Outdoor (BD) Co. Ltd. at BEPZA
Complex in the city.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Zhang Yan,
Representative of Qinda Outdoor signed the agreement on behalf of their
respective organizations.

The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur
Rahman witnessed the signing ceremony.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance)
Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury,
Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director
(Investment Promotion) Md. Tanvir Hossain and Executive Director (Enterprise
Services) Md. Khorshid Alam were present during the signing ceremony.


 

 

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