Chinese company to invest $1.26m in Uttara EPZ

Chinese company Baida Industrial Company Limited is going to invest $ 1.26 million to set up a Printed Materials and Packaging Products manufacturing industry at Uttara Export Processing Zone (UEPZ) in Nilphamari.

In presence of the Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Bangladesh Export Processing Zones Authority (BEPZA) on Tuesday signed an agreement with the company at BEPZA Complex in the city, said a press release.

Md Ashraful Kabir, Member (Investment Promotion) of BEPZA and Zhang Hu, Managing Director of Baida Industrial Company Ltd. signed the agreement on behalf of their respective organisations, reports BSS.

This foreign-owned company will produce 8000 Metric Ton various types of cartoon box, paper bags, box file/storage box, different types of books and magazines, sticker/label/hang tag/barcode sticker, calendar, diary and different types of printed cards yearly.

Around 1150 Bangladeshi nationals will get employment opportunity in this company.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) A N M Foyzul Haque, Executive Director (Admin) A.S.M. Zamshed Khondaker, Executive Director (Investment Promotion) Md. Tanvir Hossain, and Executive Director (Public Relations) A.S.M Anwar Parvez along with representatives of the enterprise were present during the signing ceremony.