Japanese firm to invest $25 million to expand business in IEPZ
Presently, 31 Japanese enterprises have invested $525 million in the EPZs.
Roulin (BD) Limited, a Japanese apparel manufacturing company, is going to expand their business in Ishwardi Export Processing Zone (IEPZ).
The enterprise signed an agreement to this effect with Bangladesh Export Processing Zones Authority (BEPZA) at BEPZA Complex in Dhaka on Wednesday, said a press release.
In presence of BEPZA executive chairman Major General Md Nazrul Islam, member (Investment Promotion) Md Mahmudul Hossain Khan for BEPZA and representative of Matsuoka Corporation Osamu Sasaki on behalf of Roulin (BD) signed the agreement.
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Matsuoka Corporation, a major player of the wholesale sector in Japan, has recently taken over the major share of the company.
Now, the new shareholder is investing US$ 25 million to expand the existing operation of Roulin (BD). 3500 Bangladeshis will be employed in the facility.
Roulin (BD) has been operating their business in IEPZ since 2011 and invested $4.53 million.
Presently, 31 Japanese enterprises have invested $525 million in the EPZs and created employment opportunities for 13,500 Bangladeshis.
Investment-friendly policies of the government and favorable investment atmosphere of EPZs are encouraging Japanese investors including others to invest in EPZs.
Among others, member (Engineering) Mohammad Faruque Alam, member (Finance) Nafisa Banu, secretary Md Zakir Hossain Chowdhury, general manager (Public Relations) Nazma Binte Alamgir and general manager (Investment Promotion) Md Tanvir Hossain of BEPZA including managing director of Roulin (BD) Md Mahbubar Rahman were present at the signing ceremony.
