BEPZA EZ set to attract first investment in agro based industry

Published : 28 May 2023 08:57 PM

Bangladeshi company KaziBadam Limited is going to set up an Agro Processing (Cashew Nut) industry in BEPZA Economic Zone (BEPZA EZ).

This 100 percent local company will invest US$ 17.22 million to produce Cashew Nut Kernel and Cashew Nut Shell Liquid. This would be the first agro-based industry in the BEPZA Economic Zone.

KaziBadam Limited on Sunday signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to this effect at BEPZA Complex in the city, said a press release.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and KaziZahedulHasan, Chairman of KaziBadam Limited signed the agreement on behalf of their respective organizations. BEPZA Executive Chairman Major General AbulKalam Mohammad Ziaur Rahman witnessed the signing ceremony.

KaziBadam Limited will produce annually 13,050 tonnes of Cashew Nut Kernel and Cashew Nut Shell Liquid where 494 Bangladeshi nationals will get employment opportunity.

Member (Engineering) Mohammad FaruqueAlam, Member (Finance) NafisaBanu, Executive Director (Public Relations) NazmaBinteAlamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. KhorshidAlam and Project Director of BEPZA EZ Mohammad AnamulHaque were present at the agreement signing ceremony.

Mentionable that BEPZA is putting emphasis on selecting industries of diverse nature for the BEPZA Economic Zone. Including KaziBadam, BEPZA signed agreements with 20 companies to establish factories here, of them 11 to produce diversified products.