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Dutch firm to invest $10.52 mn in accessory unit in BEPZA Bangladesh

23 Jun '22
1 min read
Pic: BEPZA
Pic: BEPZA

Checkpoint System Bangladesh Ltd. Unit 2, a Netherlands-owned company, is going to establish a garments accessories manufacturing industry in BEPZA Economic Zone. The company will invest $10.52 mn to produce annually 1,319 million units of different types of hang tag, tickets, sticker, label etc. It will generate employment for about 274 people.

An agreement to this effect has been signed between Bangladesh Export Processing Zones Authority (BEPZA) and Checkpoint System Bangladesh at BEPZA Complex in Dhaka. Ali Reza Mazid, Member (IP) of BEPZA and Kumudu Athuruliya, general manager - south Asia of Checkpoint System signed the agreement on behalf of their respective organisations.

Checkpoint System Bangladesh Ltd.-Unit 2 would be the second enterprise under the same ownership in the industrial zones operated under BEPZA. Its first one, Checkpoint Systems Bangladesh Limited, has been operating since 2009 in Adamjee EPZ. Though the enterprise initially started its operations in Dhaka EPZ 15 years ago, BEPZA said in a media release.

Fibre2Fashion News Desk (KD)

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