The Bangladesh Export Processing Zones Authority (Bepza) continues to attract global investors. Today, Prime Leaf Processing Company Ltd became the 40th company to sign a lease agreement in the Bepza Economic Zone (Bepza EZ). The agreement was signed at the Bepza Complex in Dhaka by Bepza Member (Investment Promotion) Md Ashraful Kabir and Prime Leaf Processing Chairman Meng Li.

This new investment brings the total proposed investment in Bepza EZ to $926.50 million, a significant milestone for the zone. Prime Leaf Processing plans to invest $8.84 million to set up a tobacco processing facility. The factory will produce 36,000 tonnes of cut rags and cut rolled expanded stems annually, creating 100 jobs for local workers.

Bepza’s Dedication to Investors

During the signing ceremony, Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman thanked Prime Leaf Processing for choosing Bepza EZ. He emphasized the organization’s commitment to supporting global investors.

“Bepza is excited to welcome Prime Leaf Processing to our growing community of investors. We will provide the necessary support to ensure their success,” he said. He also encouraged other international investors to explore Bangladesh’s opportunities.

Optimism from Prime Leaf Processing

Chairman Meng Li of Prime Leaf Processing expressed confidence in the partnership. He stated, “We plan to start operations by August 2025. Our investment will create jobs and benefit the local economy. We appreciate Bepza’s cooperation in making this possible.”

The addition of Prime Leaf Processing strengthens Bepza’s role as a hub for foreign investment. With its growing portfolio, the economic zone is driving industrial development and economic progress.

Source: The Business Standard