Chinese co to invest $2.52m in Mongla EPZ

Bora International Limited, a Chinese Company, will set up a rubber-sheet manufacturing industry in Mongla Export Processing Zone.

This fully foreign owned company will invest $2.515 million in setting up their unit and manufacture rubber-sheet items. The company will also create employment opportunity for 1,239 Bangladeshi nationals.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and Bora International Limited on BEFZA Complex in Dhaka recently.

Md Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Peng Tian, managing director of Bora International Limited, signed the agreement on behalf of their respective organisations.

Major General ATM Shahidul Islam, executive chairman of BEPZA, Md Shawkat Nabi, secretary, AZM Azizur Rahman, general manager (investment promotion) and other officials of the BEPZA were present at the signing ceremony.

Source: New Age