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Chinese Qinda Outdoor to invest $12mn in Ishwardi EPZ

Chinese company Qinda Outdoor (BD) Company Limited is going to set up a tent, sleeping bag and bag manufacturing plant at Ishwardi EPZ. This wholly foreign-owned company will invest $12 million which will create employment opportunities for 2973 Bangladeshi citizens.

Qinda Outdoor-invest $12mn-Ishwardi EPZ
Figure: Ali Reza Mazid, investment promotion member of Bepza, and Zhang Yan, representative of Qinda Outdoor, signed an agreement on behalf of their respective organisations at Bepza Complex in Dhaka on Tuesday. Courtesy: Collected

An agreement in this regard has signed between Bangladesh Export Processing Zone Authority (BEPZA) and Qinda Outdoor (BD) Company Limited in Dhaka on Tuesday (27 September). Ali Reza Mazid, investment promotion member of Bepza, and Zhang Yan, representative of Qinda Outdoor, signed the agreement on behalf of their respective organisations at Bepza Complex. Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, NDC, PSC was present at the signing ceremony.

According to Bangladesh Export Processing Zones Authority (Bepza) press release the company will produce annually 2 million pieces of tents, canopy, bags, sleeping bags, backpacks, tarpaulins, awnings, sunblinds, mosquito nets, portable folding chairs, recycle bins and umbrellas.

Among others, Mohammad Faruque Alam, Bepza Member (Engineering), Nafisa Banu, Member (Finance), Md. Zakir Hossain Chowdhury, Executive Director (Administration), Nazma Binte Alamgir Executive Director (Public Relations), Md Tanvir Hossain, Executive Director (Investment Development) and Khorshid Alam, Executive Director (Enterprise Services) were present in the signing ceremony.

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