Bangladesh Export Processing Zones Authority (BEPZA) signed a lease agreement with a Chinese company securing $4.01 million investment at Chattogram EPZ
Sun-A Oral Care Products Co Ltd a fully foreign owned company is going to establish an oral and dental care products manufacturing industry, said a press release.
Member of BEPZA Md Mahmudul Hossain Khan and managing director of Sun-A Oral Care Products Co Ltd Mao Jianzheng signed the deal on Thursday virtually from BEPZA executive office in Dhaka having Bangladesh Embassy in Beijing on the other end.
The company will produce 30 million pcs of modern dental care products per annum with creating job opportunity for 94 Bangladeshi nationals.
The Ambassador of Bangladesh to China Mahbub Uz Zaman congratulated the Chinese investors and assured them all out support to expand their business in EPZ as well as Bangladesh. He also lauded BEPZA for continuing the investment trend through virtual process during pandemic.
The Executive Chairman of BEPZA Major General S M Salahuddin Islam said, "BEPZA is marching ahead with the mandate of the Honourable Prime Minister Sheikh Hasina - 'Investment Friendly Bangladesh and Enhancement of Export with Product Diversification'. By using digital platform, we want to keep continuing our effort to attract an enormous investment flow in the EPZs in this global corona crisis."
Among others, member (Engineering) Mohammad Faruque Alam, member (Finance) Nafisa Banu, secretary Md. Zakir Hossain Chowdhury, general manager (Public Relations) Nazma Binte Alamgir and general manager (Investment Promotion) Md Tanvir Hossain of BEPZA at Dhaka end and commercial counsellor of Bangladesh Embassy, Beijing, Mohammad Monsur Uddin and director of Sun-A Oral Care, WU Ojuli at Beijing end were present during the virtual signing ceremony.