Member (Investment Promotion) of BEPZA Md Ashraful Kabir and Managing Director of Meigo (Bangladesh) Ltd Lee Chin Hung sign an agreement on behalf of their respective organisations in the capital on Wednesday. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was also present on the occasion. Photo: Courtesy

Chinese company Meigo (Bangladesh) Ltd is going to invest US$ 6.70 million to set up a collectable items and toys manufacturing factory at Uttara Export Processing Zone (UEPZ) in Nilphamari.
Bangladesh Export Processing Zones Authority (BEPZA) on Wednesday signed an agreement with the company to this effect at BEPZA Complex in the capital, said a press release.
Member (Investment Promotion) of BEPZA Md Ashraful Kabir and Managing Director of Meigo (Bangladesh) Ltd Lee Chin Hung signed the agreement on behalf of their respective organisations. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was also present on the occasion.
This foreign owned company will produce 700,000 pieces of collectable items and toys (die-cast, plastic, plush and fabric) annually. It is expected that some 1056 Bangladeshi nationals will get employment opportunities in the factory.

Welcoming Meigo (Bangladesh), the executive chairman said BEPZA always encourages producing diversified products in EPZs and BEPZA Economic Zone to reduce the single dependency on garments.
He hoped that the investment of Meigo (Bangladesh) will enrich our export basket.
Member (Finance) ANM Foyzul Haque, Executive Director (Admin) ASM Zamshed Khondaker, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam and Executive Director (Public Relations) ASM Anwar Parvez along with representatives of the enterprise were present during the signing ceremony.