The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Allied Tobacco Company Limited, a Singapore-India-owned company, to establish a 100% export-oriented cigarette manufacturing industry in the BEPZA Economic Zone (EZ).
The company will invest US$ 9.24 million to produce 9 billion cigarette sticks annually, creating employment opportunities for 127 Bangladeshi nationals.
The agreement was signed today at the BEPZA Complex in Dhaka by Md. Imtiaz Hossain, Member (Engineering & Investment Promotion – Additional Charge) of BEPZA, and Tay Yong Sheng Edwin, Managing Director of Allied Tobacco Company Limited. BEPZA Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc, witnessed the signing ceremony.
The Executive Chairman thanked Allied Tobacco Company Limited for investing in BEPZA EZ and assured the company of full support to ensure smooth business operations.
The signing ceremony was attended by senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Admin) Md. Tazim-Ur-Rahman, Executive Director (Public Relations) A.S.M Anwar Parvez, and Allied Tobacco Company Limited representatives.
-Press Release
