Ms. Goodwood (Dhaka) Company Limited, a Canada-China-owned company, will invest 5.74 million US dollars to set up a diversified product manufacturing industry in BEPZA Economic Zone.
The Bangladesh Export Processing Zones Authority (BEPZA) has signed an agreement with the Canada-China-owned company at BEPZA Complex in Dhaka.
This fully foreign-owned company will invest the money where 1990 Bangladeshi nationals will get employment opportunities, reports BSS.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Li Xin, Project Manager of Goodwood (Dhaka) Co Ltd signed the agreement on behalf of their respective organisations on Wednesday.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
The company will produce annually 10,000 tonnes of wooden disposable cutlery (Knife, Fork, Spoon, and Stirrer and medical products (Swab, Tongue depressor).
BEPZA has been working to strengthen the economic base of the country by reducing the risk of single dependency on the garment sector through diversifying export products. As a part of this effort, BEPZA signed an agreement with Goodwood (Dhaka) Company.
BEPZA approved a total of 7 companies to set up industries in BEPZA Economic Zone. The proposed investment of the other 6 companies which have already signed the lease agreements is $114.37 million where 32,962 Bangladeshi nationals will get employment opportunities.
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, Executive Director (Enterprise Services) Md Khorshid Alam, and Project Director of BEPZA EZ Md Hafizur Rahman were present during the signing ceremony.