Hong Kong-based company Campvalley Chittagong Limited will set up a camping equipment and garments manufacturing industry in BEPZA Economic Zone with an investment of US$ 54 million. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Campvalley Chittagong Limited at BEPZA Complex in Dhaka on Thursday (Mar 24).
Ali Reza Mazid, member (investment promotion) of BEPZA, and Hong Woo Lee, chairman of Campvalley Chittagong, signed the agreement on behalf of their respective sides.
This foreign-owned company will produce annually 21.4 million pieces of tent, bag and backpack, camping chair and furniture, luggage, sleeping bag, different kinds of knit and woven garments, gazebo, umbrella, mattress and furniture frame.
A total of 9,380 Bangladeshi nationals will get employment opportunities in the factory.
Currently, there are two other tent manufacturing companies in Chattogram and Karnaphuli EPZs under the same owner.
Executive Chairman of BEPZA Maj Gen Abul Kalam Mohammad Ziaur Rahman, Member (engineering) Mohammad Faruque Alam, Executive Director (administration) Md Zakir Hossain Chowdhury, Executive Director (public relations) Nazma Binte Alamgir, Executive Director (investment promotion) Md Tanvir Hossain, Executive Director (enterprise services) Md Khorshid Alam and Project Director of BEPZA Md Hafizur Rahman were present during the signing ceremony.
Previously, BEPZA signed lease agreement with five other companies to set up industry in BEPZA Economic Zone. The companies will invest $60 million where 23,582 Bangladeshi nationals will get employment opportunities.
