Oasis Accessories to Invest $4.8m in Bepza Economic Zone

Oasis Accessories (Pvt) Ltd, a Bangladeshi company, will invest $4.8 million to set up a garment accessories factory in the Bepza Economic Zone at Chattogram's Mirsharai.

An agreement was signed today at the Bepza Complex in Dhaka between the Bangladesh Export Processing Zones Authority (Bepza) and Oasis Accessories, according to a press release.

The company will annually produce 1 million pieces of carton boxes, 42 million polybags, and 1 million metres of foam. The project is expected to create 311 jobs for Bangladeshi nationals.

With this agreement, 48 companies have so far signed investment deals with the Bepza Economic Zone, bringing total proposed investments to over $1 billion.

In the presence of Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, the deal was signed by Md Ashraful Kabir, member (investment promotion) of Bepza, and Md Selim Reza, managing director of Oasis Accessories.

The signing ceremony was also attended by senior Bepza officials, including Md Imtiaz Hossain, member (engineering); ANM Foyzul Haque, member (finance); Md Tanvir Hossain, executive director (investment promotion); Mohammad Anamul Haque, project director of Bepza EZ; and ASM Anwar Parvez, executive director (public relations), along with representatives of Oasis Accessories.