Chinese company to invest $6.55mn to set up toy factory in Dhaka EPZ

Meigo (Bangladesh) Limited, a fully foreign-owned Chinese company, is going to establish a Toy Manufacturing Industry in Dhaka EPZ with an investment of $6.55 million.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Meigo (Bangladesh) Limited at BEPZA Complex in Dhaka on Wednesday. 

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Senior Operation Manager of Meigo (Bangladesh) Limited Chen Shu Qiang inked the agreement on behalf of their respective ends, said a press release.

The company will produce annually 9 lakh pieces of die-cast toy, plastic toy, plush toy and collectibles toy. They will create employment opportunities for 1616 Bangladeshi nationals.

Among others, Member (Finance) Nafisa Banu, Secretary Md Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Investment Promotion) Md Tanvir Hossain and General Manager (Enterprise Services) Md Khorshid Alam of BEPZA witnessed the signing ceremony.