Bangladeshi company Kazi Badam is going to set up an agro-processing (cashew nut) industry in BEPZA Economic Zone (BEPZA EZ).
This 100% local company will invest $17.22 million to produce cashew nut kernel and cashew nut shell liquid, reads a press release.
This would be the first agro-based industry in the BEPZA Economic Zone.
Kazi Badam signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to this effect at BEPZA Complex, Dhaka on Sunday.
Member (Investment Promotion) of BEPZA Ali Reza Mazid and Chairman of Kazi Badam Kazi Zahedul Hasan signed the agreement on behalf of their respective organizations.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony. Kazi Badam will produce 13,050 tonnes of cashew nut kernel and cashew nut shell liquid annually, where 494 Bangladeshi nationals will get employment opportunities.
Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, 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 Mohammad Anamul Haque were present at the agreement signing ceremony.
Mentionable that BEPZA is putting emphasis on selecting industries of diverse nature for the BEPZA Economic Zone. Including Kazi Badam, BEPZA signed agreements with 20 companies to establish factories here. Of them, 11 produce diversified products.