DHAKA, Jan 2, 2025 (BSS) - The Bangladesh Export Processing Zones Authority (BEPZA) continues to attract significant foreign investments as Prime Leaf Processing Company Ltd. becomes the 40th company to sign a lease agreement in the BEPZA Economic Zone (BEPZA EZ).

This milestone further solidifies the zone’s growing reputation as a key destination for global business ventures, said a press release.
 
Prime Leaf Processing, a company jointly owned by Singapore, the UAE, and India, is set to invest US$ 8.84 million to establish a tobacco processing industry in the BEPZA EZ.
 
The agreement was signed today at the BEPZA Complex in the city, by member (Investment Promotion) of BEPZA Md. Ashraful Kabir and Chairman of Prime Leaf Processing Company Ltd. Meng Li. 
 
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, along with senior officials and representatives of the company, witnessed the signing ceremony.
 
The company will produce 36,000 tons of cut rags and cut rolled expanded steam annually and is expected to create employment opportunities for 100 Bangladeshi nationals.
 
This new venture is another testament to BEPZA's continuing efforts to diversify its industrial base and provide global investors with an ideal business environment.
 
In his remarks, BEPZA Executive Chairman expressed his gratitude to Prime Leaf Processing for choosing Bangladesh, particularly BEPZA EZ, as their investment destination.
 
He emphasized BEPZA's unwavering commitment to providing world-class support for investors, fostering a secure and conducive environment for business operations.
 
"BEPZA is proud to host a growing number of foreign investors, and we are excited to see Prime Leaf Processing contribute to the success of BEPZA EZ. We invite other global companies to explore the abundant opportunities Bangladesh has to offer," he added.
 
Prime Leaf Processing Chairman Meng Li thanked BEPZA for its support in setting up the company's factory in the BEPZA EZ.
 
“We look forward to starting operations by August 2025, and we are optimistic about the positive impact our investment will have on both the local economy and the workforce," he said.
 
The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md. Imtiaz Hossain, Member (Finance) A N M Foyzul Haque, Executive Director (Enterprise Services) Md. Khorshid Alam, Executive Director (Public Relations) A.S.M Anwar Parvez, and representatives of Prime Leaf Processing Company Limited.
 
With this agreement, the BEPZA Economic Zone has secured a total proposed investment of US$ 926.50 million from 40 companies, showcasing the zone's potential for attracting a wide range of industries.