DHAKA, April 07, 2022 (BSS) - BEPZA has signed an agreement with Ms. Goodwood
(Dhaka) Co. Ltd., a Canada-China owned company, to set up a diversified
product manufacturing industry in BEPZA Economic Zone.

This fully foreign owned company will invest US$ 5.74 million where 1990
Bangladeshi nationals will get employment opportunities, said a press
release.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Li Xin, Project
Manager of Goodwood (Dhaka) Co Ltd signed the agreement on behalf of their
respective organizations on April 5, 2022 at BEPZA Complex, Dhaka.

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

The company will produce annually 10,000 tons of wooden disposable cutlery
(Knife, Fork, Spoon, and Stirrer and medical products (Swab, Tongue
depressor).

BEPZA has been working to strengthen the economic base of the country by
reducing the risk of single dependency on the garment sector through
diversifying export products. As a part of this effort, BEPZA signed the
agreement with Goodwood (Dhaka) Company.

BEPZA approved a total of 7 companies to set up industries in BEPZA Economic
Zone. The proposed investment of the other 6 companies which have already
signed lease agreement is US$ 114.37 million where 32,962 Bangladeshi
nationals will get employment opportunities.

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