The Bangladesh Export Processing Zones Authority (BEPZA) has announced the signing of a lease agreement with Chinese company Qingdao Dongfang Packaging Technology Limited, marking a significant investment in the Ishwardi Export Processing Zone (EPZ). The deal was formalised during a ceremony at BEPZA Complex in Dhaka on Tuesday.
The agreement was signed by BEPZA Member (Investment Promotion) Md Ashraful Kabir and Qingdao Dongfang Packaging Technology Limited Chairman Song Shiliang, in the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, along with other senior officials including BEPZA Member (Engineering) Md Imtiaz Hossain, Member (Finance) ANM Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, and Executive Director (Admin) Md Tazim-Ur-Rahman.
Under the terms of the investment, Qingdao Dongfang will allocate US $ 4.5 million to produce 5.25 million dozen poly bags, hang tags, and paper tags annually. This initiative is expected to generate employment opportunities for approximately 240 Bangladeshi nationals.
As of 13th May 2025, BEPZA has attracted investments totaling US $ 480 million from 32 local and international companies during the 2024-25 financial year, reflecting continued growth and confidence in Bangladesh’s export processing zones.
