DHAKA, June 21, 2023 (BSS) - Bangladesh Economic Zones Authority (BEZA) today inked a land allotment deal with Ayurvedia Pharmacy (Dacca) Ltd. AP to allocate three acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).

Ayurvedia Pharmacy (Dacca) Ltd. AP plans to invest US$7.18 million to set up factory for producing health care and personal care products.

BEZA Executive Member (Investment Development) Md Mozibor Rahman and Ayurvedia Pharmacy (Dacca) Ltd. AP Chairman Raquib Mohammad Fakhrul inked the agreement on behalf of their respective sides at a function at BEZA office in the city, said a press release. 

The company is expected to create employment for 300 Bangladeshi people.

After the signing function, BEZA Executive Chairman Sheikh Yusuf Harun said BEZA has been successful in building an investment-friendly environment in Bangladesh where the largest industrial city in South Asia is being constructed in Mirsharai.

The economic zone is set to bring an industrial revolution which will improve the living standards of people alongside achieving the sustainable development goals (SDGs), he said.