Dhaka, March 13 -- The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Allied Tobacco Company Limited, a Singapore-India-owned company, to set up a 100 per cent export-oriented cigarette manufacturing plant in the BEPZA Economic Zone (EZ).
The company will invest $9.24 million to produce 9 billion cigarette sticks annually, creating employment opportunities for 127 Bangladeshi nationals.
The agreement was signed today at the BEPZA Complex in the city by Md Imtiaz Hossain, Member (Engineering and Investment Promotion - Additional Charge) of BEPZA, and Tay Yong Sheng Edwin, Managing Director of Allied Tobacco Company Limited, reads a press release.
BEPZA Executive Chairman, Major General Abul Kalam Mo...