BEPZA attracts $480m investments in FY25, inks deal with Chinese firm

The Bangladesh Export Processing Zones Authority (BEPZA) has successfully attracted $480 million in new investments from 32 local and foreign companies during the current fiscal year (FY 2024–25), reaffirming its crucial role in driving industrial growth and export-led development in Bangladesh.

The investment commitments have been made across various Export Processing Zones (EPZs) and the BEPZA Economic Zone (EZ), signaling growing confidence in Bangladesh’s industrial infrastructure and business-friendly policies.

As part of this major investment drive, BEPZA on Tuesday signed a lease agreement with Qingdao Dongfang Packaging Technology Limited, a leading Chinese manufacturer, for the establishment of a packaging and accessories manufacturing unit at the Ishwardi EPZ.

The signing ceremony took place at the BEPZA Complex in Dhaka, presided over by BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman.

Md Ashraful Kabir, Member (Investment Promotion), and Song Shiliang, Chairman of Qingdao Dongfang Packaging Technology Limited, signed the agreement on behalf of their respective organisations.

Under the agreement, the Chinese firm will invest $ 4.5 million to set up a modern facility producing 5.25 million dozen poly bags, hang tags, and paper tags annually. The project is expected to generate employment opportunities for 240 Bangladeshi workers, contributing to local job creation and skills development.

Speaking at the event, BEPZA Executive Chairman expressed appreciation for Qingdao Dongfang Packaging Technology's decision to invest in Ishwardi EPZ. “We are grateful to Qingdao Dongfang for choosing Bangladesh as their investment destination. BEPZA remains fully committed to providing a secure, transparent, and investor-friendly environment,” he said.

He encouraged not only the Chinese company but also other international investors to explore further opportunities across a range of sectors within BEPZA zones.