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Bangladesh

US$ 3.46m more foreign investment in diversified products in EPZ

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US$ 3.46m more foreign investment in diversified products in EPZ

China-U.S.A jointly owned company M/s. Oscar Bangla Co., Ltd. will invest US$ 3.46 million to set up a wig and hair related products manufacturing plant in Ishwardi Export Processing Zone. Mentionable that along with this factory the total number of wig and hair related factory stands at 5 in EPZs.

This fully foreign owned company will produce annually 31.5 million pieces of Wig and Hair related products. 1500 Bangladeshi nationals will get employment opportunity in this factory.

In presence of Executive Chairman, BEPZA Major General S M Salahuddin Islam, BP, SPP, ndc, psc, Bangladesh Export Processing Zones Authority (BEPZA) and M/s.Oscar Bangla Co., Ltd. inked the agreement at BEPZA Complex, Dhaka recently. Mr. Zillur Rahman ndc, Member (Investment Promotion) of BEPZA and Mr. Sha ShiJun, Managing Director of M/s. Oscar Bangla Co., Ltd. signed the agreement on behalf of their respective organizations.

Mohammad Faruque Alam, Member (Engineering), Mizanur Rahman, Member (Finance), Nazma Binte Alamgir, General Manager (Public Relations) and Md. Tanvir Hossain, General Manager (Investment Promotion) of BEPZA were also present at the signing ceremony.

BDST: 1515 HRS, DEC 02, 2019

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