DHAKA, April 25,2022 (BSS) - Chinese Company Venus Beauty Limited is going to

set up a hair fashion accessories manufacturing industry in Bangladesh Export
Processing Zone Authority (BEPZA) Economic Zone with an investment of US$50
million.

This fully foreign owned company will produce annually 226.09 million pieces
of fashion accessories, plastic comb, mirror, headband, pony tailor and pony
band.

In presence of the Executive Chairman of BEPZA Major General Abul Kalam
Mohammad Ziaur Rahman, its Member (Finance) Nafisa Banu and Executive
Consultant of Venus Beauty Limited AMM Shamsuddin Chowdhury signed the
agreement on behalf of their respective organisations at BEPZA Complex here
today, said a press release.

A total of 4,000 Bangladeshi nationals will get employment opportunity in
this factory.

Among others, BEPZA Executive Director (Administration) Md. Zakir Hossain
Chowdhury, its 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.

Earlier, BEPZA signed lease agreement with seven other companies to set up
industry in BEPZA Economic Zone and those companies will invest US$120.11
million where 34,952 Bangladeshi Nationals will get employment opportunities.