A US $5.85 million investment has been made by Jidalai Company Limited, a Chinese company and strategic business partner of the well-known zipper brand YKK, to build a plant in the Adamjee Export Processing Zone. With an annual production target of 70 million zip pullers, the new factory will make a substantial contribution to the local manufacturing industry.
An agreement was inked at the Bepza Complex in Dhaka to formalise the investment, which is expected to generate employment opportunities for 189 Bangladeshi nationals. Hsu Hsueh-Min, managing director of Jidalai Company Limited, and Ashraful Kabir, a member of the Bangladesh Export Processing Zones Authority (Bepza), signed the contract.
Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman thanked Jidalai for choosing Bepza as its investment destination during the signing ceremony. He promised the business full support to make sure their operations ran smoothly.
By providing a range of services to companies, Bepza has established itself as a key player in luring investments to Bangladesh over the previous 44 years. Another important turning point in Bepza’s continuous attempts to improve the nation’s export capacity and increase employment prospects is the advent of Jidalai Company Limited.