Chinese Company Set to Invest $10.73M in BEPZA Economic Zone

Sky Bees Limited will sign an agreement with the Bangladesh Export Processing Zones Authority (Bepza) for land to establish an export-oriented unmanned aerial vehicle (UAV) production facility in Chattogram's Mirsarai upazila. The company will invest Tk 550 crore to build the facility at the Bangabandhu Sheikh Mujib Shilpa Nagar, aiming to start production by early 2025. Once operational, the facility is expected to export UAVs worth $169 million (about Tk 2,300 crore) annually.

Apex Footwear reported a profit of Tk 17.63 crore for the fiscal year ending June 30, 2024, marking a 5.56% increase from Tk 16.7 crore in the previous year. This is the company's highest profit in nine years. Apex's board has proposed a 35% cash dividend and a 10% stock dividend to enhance capital adequacy.

The Dhaka Chamber of Commerce and Industry (DCCI) warned that prolonged high interest rates could harm investment and job creation in the long run. DCCI President Ashraf Ahmed acknowledged that the government's rate hikes are aimed at curbing inflation but cautioned that maintaining them for too long will slow private sector growth, investment, and employment. He suggested lowering rates after December to benefit the private sector.

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has proposed creating a dedicated office to address intellectual property (IP) rights issues, including copyright, trademark, patent design, and geographical indication. This suggestion was made during a meeting with an adviser to the industries ministry in Dhaka, where both parties discussed collaborative approaches to overcome industrial challenges in Bangladesh. They explored strategies for short and mid-term solutions to enhance industrial growth, emphasizing the importance of IP rights.

British-Irish company Deltaport Limited will invest $36 million to establish a garment manufacturing industry in the BEPZA Economic Zone. An agreement was signed at the BEPZA Complex, with BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman present.

A delegation from the Foreign Investors' Chamber of Commerce and Industry (FICCI), led by its President, met with the Special Envoy for International Affairs in the Interim Government of Bangladesh on September 17, 2024, at the Bangladesh Investment Development Authority (BIDA) office. Discussions focused on enhancing foreign investment and addressing challenges faced by investors.