Bangladesh secures $36 mn foreign investment in BEPZA economic zone

British-Irish company Deltaport Limited has committed to invest $36 million to establish a garment manufacturing facility in the Bangladesh Export Processing Zone Authority Economic Zone (BEPZA EZ).

Deltaport Limited, a sister concern of Eastport Limited, a company operating in Cumilla EPZ since 2013, plans to produce 20 million pieces of garments annually. These products will include protective clothing, workwear, PPE, hospital gowns, masks, bedsheets, and curtains. The factory is expected to generate employment for 5,980 Bangladeshi nationals, BEPZA said in a press release.

The agreement was signed on Sunday, September 22, 2024, at the BEPZA Complex in Dhaka by BEPZA’s member (Investment Promotion) Md. Ashraful Kabir and Deltaport Limited’s representative, Junaid Iqbal Umerani, in the presence of BEPZA executive chairman major general Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc.

The BEPZA executive chairman expressed gratitude to Deltaport for their investment and urged them to begin construction promptly. Senior BEPZA officials, including member (Engineering) Mohammad Faruque Alam and member (Finance) A N M Foyzul Haque, were also present at the ceremony.

ALCHEMPro News Desk (HU)