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Uttara EPZ gets a new investor of RMG factory

A new Bangladeshi made garment factory has started its journey in Uttara Export Processing Zone (EPZ). Commerce Minister Tipu Munshi formally inaugurated the factory Deshbandhu Textile Mills Limited on August 4, 2019 as the chief guest. Deshbandhu Group Chairman Golam Mostafa was present at the opening ceremony.

Deshbandhu Textile Mills will invest $53.77 million or Tk 435 crore to set up a garment factory at the Uttara EPZ in Nilphamari. The factory will produce 27.6 million pieces of denim and woven trousers a year and create 3,713 new jobs with almost 10,000 employments.

Figure: Uttara EPZ.

The Commerce Minister said, “This factory will contribute a lot in creating almost 10.000 employment opportunity in the northern region”.

As the special guest of the event, the Executive Chairman of BEPZ, Major-General SM Salahuddin Islam, informed that Hon’ble Prime Minister Sheikh Hasina established the Uttara EPZ in Nilphamari district to promote justice as well as reduce unemployment and reduce poverty.

The Executive Chairman of BEPZA urged investors to take the opportunity to invest in BEPZA.

The 18 companies, including 9 international and 9 locals have invested at Uttara EPZ. It created employments for 35,000 people, 70 percent of them are rural women. The companies include five, from Hong Kong, UK and other local companies, that invested around Tk2,000 crore in the EPZ collectively.

The foreign companies are manufacturing export oriented wigs, coffins, spectacles , leather products, belts, toys, bamboo coffins and sweater for the global market. On the other hand, local companies are producing ready-made garments accessories, among other items.

According to Bangladesh Export processing zone authority Uttara EPZ is 2nd smallest economic zone with 213.66 acres next to Karnaphuli with 209 acres established in 2001. On the 213.66 acres, 187 industrial plots have been built, of which 118 have been allocated so far.

A total of $ 177.48 million has been invested in this EPZ until January this year, while $ 995.65 million worth of products have been exported internationally from this EPZ.

Investors from 37 countries invested US $5 billion in 8 EPZs run by BEPZA. EPZ’s 458 operational industries have exported $ 7.52 billion worth of products

 

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