POST TIME: 19 July, 2019 00:00 00 AM / LAST MODIFIED: 18 July, 2019 09:45:10 PM
China to invest $2m in Mongla EPZ

China to invest $2m in Mongla EPZ

Zillur Rahman, member (Investment Promotion) of BEPZA, and Li Xin, managing director of Dongguan Bluebox, sign an agreement at BEPZA Complex in the capital yesterday. photo: courtesy

A Chinese Company will invest $2 million to establish a packaging manufacturing factory in Mongla Export Processing Zone. The Chinese company, Dongguan Bluebox Industries Bangladesh Limited, would produce annually 5 million pieces of jewelry box, watch box, gift box and packaging display.

The fully foreign-owned company would also create job opportunity for 1,140 local people in the factory, said a press release of Bangladesh Export Processing Zones Authority (BEPZA) yesterday.

To this end, BEPZA and Dongguan Bluebox Industries Bangladesh signed an agreement at BEPZA Complex. Zillur Rahman, member (Investment Promotion) of BEPZA and Li Xin, Managing Director of Dongguan Bluebox penned the deal.

BEPZA organized an investment promotional seminar in China and Hong Kong recently. The investment is an outcome of this seminar, as the Chinese firm got interest to invest in Bangladesh knowing about the investment-friendly environment prevailing in the country.