South Korean company to invest $9.39m in BEPZA EZ

South Korean company Giant BD Footwear Limited is going to invest US$ 9.39 million to set up a shoe and shoe accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ).

Bangladesh Export Processing Zones Authority (BEPZA) on Thursday signed an agreement with the Korean company at BEPZA Complex in Dhaka, an official release said.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Kim Byung Jin, Chairman of Giant BD Footwear Ltd., 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.

This fully foreign owned company will produce annually 20 million pairs of different kinds of shoes/sandals and shoe accessories where 600 Bangladeshi nationals will get employment opportunities.

Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain and Executive Director (Enterprise Services) Md. Khorshid Alam were present at the function.

Source: BSS