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Dutch company to spend $10.52mn in BEPZA Economic Zone

by Analysis Team
June 21, 2022
in Economy
0
Goodwood signs agreement with BEPZA for setting up factory for $5.74 million

Checkpoint System Bangladesh Ltd-Unit 2, a Dutch-owned company, plans to establish a garments and accessories manufacturing industry in the BEPZA Economic Zone.

The company will invest $10.52 million to produce 1,319 million units of various types of hang tags, tickets, stickers, labels, and so on each year. According to a news release, 274 Bangladeshi nationals will be employed in this factory. On Tuesday, the Bangladesh Export Processing Zones Authority (BEPZA) and Checkpoint System Bangladesh Ltd-Unit 2 signed an agreement to that effect at the BEPZA Complex in Dhaka.

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Checkpoint System Bangladesh Ltd-Unit 2 would be the second enterprise under the same ownership in the BEPZA-managed industrial zones. Checkpoint Systems Bangladesh Limited, the first, has been in operation in Adamjee EPZ since 2009.

Source:

BUSINESS INSIDER

Analysis Team
Author: Analysis Team

Tags: BEPZADutch companyEconomic InsightEconomic ZoneEconomy
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