According to sources at Bangladesh Export Processing Zones Authority (Bepza), three businesses have begun operations and exports in the Bepza economic zone inside Bangabandhu Sheikh Mujib Shilpa Nagar in Chittagong.
Beginning operations in early June of this year, these manufacturing facilities shipped goods valued at US $ 300,000 until June and directly generated over 1,500 job possibilities, according to ASM Anwar Parvez, Bepza’s executive director of public relations.
The businesses include Kiaxi Lingerie Bangladesh Co Ltd., Fengqun Composite Material Company (BD) Ltd., and KPST Shoes (BD) Co Ltd. They have invested US $ 71.14 million in total.
KPST Shoes (BD) Co, which invested around US $ 8.07 million, is producing shoe accessories like insole, outsole and midsole, and ethylene-vinyl acetate and polyurethane foams.
Fengqun Composite Material Company (BD) of China has invested US $ 2.22 million and is making shoe accessories and packaging items.
Kiaxi Lingerie, which specialises in lingerie items, textiles, accessories, hangers and foam, has invested US $ 60.85 million.
Parvez stated that eight other plants are currently being built, two of which would soon begin production.
He claimed that with a US $ 706 million investment plan, they have already inked contracts for plot allocation with 30 different enterprises. Seventy-one million of the total have been invested thus far.
In addition, about 100 applications were pending, but land could not be allotted for those investors since the industries would need a significant quantity of water.
He stated that until water is accessible, Bepza will not be able to assign land.
