Dhaka, Feb. 3 -- The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Lee's Tobacco Machinery Company Limited, a UAE and Singapore-owned company, a move to diversify the range of products.

This agreement marks the establishment of the first machinery manufacturing industry in the BEPZA Economic Zone (EZ), further enhancing the zone's diverse product line, according to a press release.

Md. Ashraful Kabir, Member, investment promotion of BEPZA, and Li Meng, Chairman of Lee's Tobacco Machinery Company Limited, signed an agreement in presence of BEPZA Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman ndc, psc.

The company plans to invest US$ 8.32 million in the project, which will crea...