BEPZA signs $ 31.17 mn investment deal with M/s Kido Dhaka Ltd.

(BSS) – Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement worth about $ 31.17 million with M/s Kido Dhaka Co. Limited at the BEPZA complex here today.

As per the agreement, the South Korean company M/s Kido Dhaka co. Limited will establish a high end garments and sportswear manufacturing industry in Adamjee Export processing zone (EPZ).

Member (Investment promotion) of BEPZA, Ali Reza Mazid and Acting Director of Kido Dhaka Co. ltd. Ahn Young Dae Joseph signed the agreement on behalf of their respective sides in presence of newly joined Executive chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman and former executive chairman Major General Nazrul Islam.

Speaking on the occasion, Nazrul said Kido is a renowned sportswear manufacturing industry of South Korea. They also have five plants in Vietnam, Myanmar and Indonesia.

The company expressed their hope to invest more in Bangladesh through acquiring the closed industrial plants of EPZs, he added.

This foreign owned company will produce annually two million pieces of cloths jacket, motorcycle safety jacket leather and fibre jacket, work jacket, sports jacket, baby warmer and PPE.

The company will create employment opportunity for 6,040 Bangladeshi nationals.

Among others, member Faruque Alam, member Nafisa Banu, Secretary Zakir Hossain Chowdhury, General manager Nazma Binte Alamgir, General manager Tanvir Hossain and General manager Khorshid Alam of BEPZA were also present at the event.

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