BEPZA Secures $24.03 Million Investment Deal with South Korean Company for Manufacturing Expansion
The Bangladesh Export Processing Zones Authority (BEPZA) has signed a significant land lease agreement with South Korean company PH Creative (BD) Ltd. This deal, valued at $24.03 million, aims to establish a manufacturing industry within the BEPZA Economic Zone. The agreement was formalized at the BEPZA Complex, with Md Tanvir Hossain, Executive Director of BEPZA, and Mr. Jin Ho Bae, Chairman of PH Creative (BD) Ltd., signing on behalf of their respective organizations. The project will focus on producing a diverse range of products, including steel, aluminum, and iron frames, fiberglass poles, tents, sleeping bags, camping chairs, and various tent accessories. Additionally, the company will manufacture trolley bags, handbags, and garment accessories. This initiative is expected to create employment opportunities for approximately 2,000 Bangladeshi nationals.