Japanese apparel company to invest $25mn in Ishwardi EPZ

Roulin (BD) Limited, a Japanese apparel manufacturing company, is going to expand their business in Ishwardi EPZ.

The enterprise signed an agreement to this effect with Bangladesh Export Processing Zones Authority (BEPZA) on Wednesday, reads a press release.

The major share of the company was recently taken over by Matsuoka Corporation, a major player in the wholesale sector of Japan.

Now, the new shareholder will expand the existing operation of Roulin (BD) by investing $25 million where 3,500 Bangladeshis will be employed.

Roulin (BD) has been operating their business in IEPZ since 2011 and invested $4.53 million.

In the presence of BEPZA Executive Chairman Major General Md Nazrul Islam, BEPZA Member (Investment Promotion) Md Mahmudul Hossain Khan and Representative of Matsuoka Corporation Osamu Sasaki signed the agreement at BEPZA Complex in the capital.

BEPZA is trying its best to attract foreign and local investment in the EPZ even during the Covid-19 pandemic.

Investment-friendly policies of the government and the favourable investment atmosphere of EPZs are encouraging Japanese investors including others to invest in EPZs, according to the press release.

Currently, 31 Japanese enterprises have invested $525 million in the EPZs and created employment opportunities for 13,500 Bangladeshi nationals.

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 and Managing Director of Roulin (BD) Md Mahbubar Rahman was present at the signing ceremony.