Deltaport Footwear to invest $21.6m in Bepza Economic Zone
Deltaport Footwear Limited, a venture of Italian and Irish investors, will invest $21.6 million to set up a footwear manufacturing plant at the Bepza Economic Zone in Mirsharai, Chattogram.
The company signed a land lease agreement with the Bangladesh Export Processing Zones Authority at the Bepza Complex in Dhaka today (30 June).
Md Tanvir Hossain, Executive Director of Investment Promotion at Bepza, and Junaid Iqbal Umerani, Chief Executive Officer of Deltaport Footwear Limited, signed the agreement on behalf of their respective organisations.
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Major General Mohammad Moazzem Hossain, Executive Chairman of Bepza, witnessed the signing ceremony.
Once fully operational, the factory will create employment opportunities for 468 Bangladeshi nationals, Bepza said.
The plant will produce around 30 lakh pairs of injected, cemented, casual, formal, ladies' and safety shoes annually.
The company expects to generate annual export earnings of around $37.5 million from the project.
The products will be exported to markets including Italy, Europe, the United Kingdom, the United States and Colombia.
Speaking at the signing ceremony, Major General Mohammad Moazzem Hossain welcomed Deltaport Footwear Limited as an investment partner of Bepza.
"Bepza is continuously enhancing its infrastructure, services and investment facilities to provide investors with a more convenient, modern and business-friendly environment," he said.
"We believe this investment will further strengthen Bangladesh's export competitiveness while creating new employment opportunities," he added.
Junaid Iqbal Umerani said this is the company's third investment in Bangladesh, with all three located in Bepza-administered zones.
"As part of our regional business expansion strategy, we evaluated several potential destinations, including India and Vietnam. However, Bangladesh, particularly Bepza, offered the most attractive investment destination due to its investment-friendly environment, professional services, reliable infrastructure and our long-standing positive experience," he said.
He said the company's experience with Bepza since its first investment through Eastport Limited at Cumilla EPZ in 2013 had strengthened its confidence.
Abdullah Al Mamun, Member of Engineering at Bepza; ANM Foyzul Haque, Member of Finance; Samir Biswas, Executive Director of Administration; ASM Anwar Parvez, Executive Director of Public Relations; senior officials of Bepza; and Uttam Kumar Talukdar, representative of Deltaport Footwear, were also present.
