Bangladesh Prothoma Power Supply Ltd, a Chinese company, is going to invest $12.24 million to establish a battery plates manufacturing industry in the Bepza Economic Zone (EZ).
In the presence of Bepza Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman, Bangladesh Export Processing Zones Authority (Bepza) signed a lease agreement with the company today (10 December).
Member (Investment Promotion) of Bepza, Md Ashraful Kabir, and Managing Director of Bangladesh Prothoma Power Supply Ltd, Leiming Jia, signed the agreement on behalf of the respective organizations.
The battery plates manufacturing industry will create employment opportunities for 600 Bangladeshi nationals. They will produce 208 million pieces of battery plates per year for export, contributing to the country’s economic growth and development.
The Bepza Executive Chairman welcomed the Chinese company’s decision to invest in Bangladesh, particularly in the Bepza EZ, citing the country’s favorable business environment, skilled workforce, and strategic location.
We are pleased that Bangladesh Prothoma Power Supply Ltd will produce a variety of products, supporting Bepza’s goal of promoting industrial diversity and economic growth. Bepza assures full support for setting up and smoothly operating in the Bepza EZ,” said Major General Rahman.
The Bangladesh Prothoma Power Supply Ltd’s Managing Director said, “We will begin operations at our factory in Bepza EZ very soon. We believe in Bangladesh’s great potential and look forward to a long-term partnership with Bepza.”
Senior Bepza officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Project Director of Bepza EZ Mohammad Anamul Haque, Executive Director (Public Relations) ASM Anwar Parvez and representatives of Bangladesh Prothoma Power Supply Ltd attended the signing ceremony.
With this agreement, Bepza has signed lease agreements with 37 companies, with a combined investment of $880.74 million.
