Dutch company to invest $10.52mn in BEPZA Economic Zone

Checkpoint System Bangladesh Ltd-Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone. 

The company will invest $10.52 million to produce annually 1,319 million units of different types of hang tags, tickets, stickers, labels, etc. Some 274 Bangladeshi nationals will get employment opportunities in this factory, said a news release.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Checkpoint System Bangladesh Ltd-Unit 2 at BEPZA Complex in Dhaka on Tuesday. 

Ali Reza Mazid, member (IP) of BEPZA, and Kumudu Athuruliya, general manager-South Asia of Checkpoint System, signed the agreement on behalf of their respective ends.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

Checkpoint System Bangladesh Ltd-Unit 2 would be the second enterprise under the same ownership in the industrial zones operated under BEPZA. Its first one, Checkpoint Systems Bangladesh Limited, has been operating since 2009 in Adamjee EPZ.

Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam were present during the agreement signing ceremony.