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Taisheng (Bangladesh) Webbing to invest US$ 6 mn in BEPZA EZ

Taisheng (Bangladesh) Webbing to invest US$ 6 mn in BEPZA EZ

Chinese company Taisheng (Bangladesh) Webbing Co. Ltd. is going to invest US$ 6 million to set up a shoe, bag and garments accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram. In presence of the Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company recently.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Li Yecai, Managing Director of Taisheng (Bangladesh) Webbing Co. Ltd. signed the agreement on behalf of their respective organizations at the BEPZA Complex in the city, said a press release on Monday (Apr 1).

The company will produce annually six million tons of shoe lace, elastic, draw cord, drawstring, string, webbing belt and webbing tape creating employment opportunities for 200 Bangladeshi nationals.

During the signing ceremony, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Md. Ashraful Kabir, Executive Director (Admin) A N M Foyzul Haque, 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, among others.