Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with Chinese entity Dunion Taiyang Sheng Shoes (BD) Company Limited at the BEPZA Complex in Dhaka on Sunday. The agreement was signed by Md Ashraful Kabir, member (Investment Promotion) of BEPZA, and Ye Yary, chairman of Dunion Taiyang Sheng Shoes (BD) Co Ltd, in presence of Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of BEPZA.
Chinese entity Dunion Taiyang Sheng Shoes (BD) Company Limited will invest US$10.20 million in the BEPZA Economic Zone (BEPZA EZ) to establish a modern footwear manufacturing facility, reports UNB.
In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and the Chinese entity Dunion Taiyang Sheng Shoes (BD) Company Limited at the BEPZA Complex in Dhaka on Sunday, paving the way for the factory to start operations soon, according to a press release.
The deal was signed by Md Ashraful Kabir, member (Investment Promotion) of BEPZA, and Ye Yary, chairman of Dunion Taiyang Sheng Shoes (BD) Co Ltd, in presence of Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of BEPZA.
Under the investment plan, the company will produce around 2.10 million pairs of sandals, flats, high heels, pumps, booties, boots, and sports shoes annually, creating employment opportunities for 1,939 Bangladeshi nationals.
Welcoming the new investment, the BEPZA executive chairman thanked the company for choosing BEPZA EZ as its investment hub. He reiterated BEPZA’s commitment to providing a secure and business-friendly environment for foreign investors and urged the firm to utilize land efficiently with designs that allow for vertical expansion in the future.
He also encouraged the company to adopt eco-friendly initiatives, such as installing rooftop solar panels and rainwater harvesting systems, to align with sustainable industrial practices.
Source: The Financial Express
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