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Chinese company Venus Beauty Ltd to invest $50m in Bepza EZ

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Desk Report: Chinese company Venus Beauty Limited is going to set up a hair fashion accessories manufacturing industry in BEPZA Economic Zone with an investment of US$ 50 million.

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An agreement to this effect signed between Bangladesh Export Processing Zones Authority (BEPZA) and Venus Beauty Limited at BEPZA Complex, Dhaka on 25 April..This fully foreign-owned company will produce annually 226.09 million pieces of fashion accessories, plastic comb, mirror, headband, ponytailor and ponyband.

Around 4,000 Bangladeshi nationals will get employment opportunities in this factory, Bangladesh Export Processing Zones Authority (Bepza).Venus Beauty has another diversified product manufacturing factory named Tung Hing (BD) Manufacturing Ltd. in Cumilla Export Processing Zone.

Nafisa Banu, Member (Finance) of BEPZA and AMM Shamsuddin Chowdhury, Executive Consultant of Venus Beauty Limited signed the agreement on behalf of their respective organizations. The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony. Among others, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Project Director of BEPZA EZ Md. Hafizur Rahman were present during the signing ceremony.

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