Published:  01:34 AM, 02 December 2019

$3.46m investment for Ishwardi EPZ

$3.46m investment for Ishwardi EPZ Bangladesh Export Processing Zone Authority (BEPZA) Member Zillur Rahman and Ms Oscar Bangla Company Limited Managing Director Sha Shi Jun shaking hands while exchanging signed documents of an agreement in the capital recently.

A China-USA jointly owned company, Ms Oscar Bangla Company Limited, will invest US$ 3.46 million to set up a wig and hair related product manufacturing plant in Ishwardi Export Processing Zone (EPZ).

This fully foreign owned company will produce annually 31.5 million pieces of wig and hair related products and 1500 Bangladeshi nationals will get employments in this factory, said a press release on Sunday.

In the presence of Bangladesh Export Processing Zone Authority (BEPZA) Executive Chairman Major General SM Salahuddin Islam and Ms Oscar Bangla Company Limited inked an agreement at BEPZA Complex in the city recently in this regard. BEPZA Member (Investment Promotion) Zillur Rahman and Ms Oscar Bangla Company Limited Managing Director Sha Shi Jun signed the agreement on behalf of their respective sides.

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

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