UK-Bangla jt venture company to invest $ 15.50 m at Adamjee EPZ

UK-Bangladesh joint venture Company M/s. Evergreen Cycles Limited is going to establish a Bicycle manufacturing industry in Adamjee EPZ with an investment of US$ 15.50 Million. 

The Company will produce 2,00,000 pcs of Adult Bicycles, Kids Bicycles, and Adult Electronic Bicycles per annum where employment opportunity will be created for 71 Bangladeshi nationals.  

In presence of Major General S M Salahuddin Islam, BP, SPP, ndc, psc, the Executive Chairman of BEPZA, an agreement to this effect has signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s. 

Evergreen Cycles Limited at BEPZA Complex, Dhaka recently (29-10-2020). Md. Mahmudul Hossain Khan, Member (Investment Promotion) of BEPZA and Sanaul Haque Babul, Managing Director of Evergreen Cycles Limited inked this deal on behalf of their respective organizations.  

Among others, Member (Engineering) Mohammad Faruque Alam, Secretary Md. Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md. Tanvir Hossain of BEPZA were present on the occasion.