Japanese firm to invest $25m to expand business in IEPZ

Roulin (BD) Limited, a Japanese apparel manufacturing company is going to expand their business in Ishwardi Export processing Zone (IEPZ). 

The enterprise signed an agreement to this effect with the Bangladesh Export Processing Zones Authority (BEPZA) on Wednesday.  

Recently, Matsuoka Corporation, a major player of the wholesale sector of Japan, has taken over the majority share of the company. Now, the new shareholder will expand the existing operation of Roulin (BD) by investing US$ 25 million where 3500 Bangladeshi people will be employed. 

Mentionable, Roulin (BD) has been operating their business in IEPZ since 2011 and invested US$ 4.53 million.

In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, BEPZA Member (Investment Promotion) Md. Mahmudul Hossain Khan and Representative of Matsuoka Corporation Osamu Sasaki signed the agreement on behalf of Roulin (BD) at BEPZA Complex, Dhaka. 

BEPZA is trying its best to attract foreign & local investment in the EPZs even during the Covid-19 pandemic. Investment-friendly policies of the government and favorable investment atmosphere of EPZs are encouraging Japanese investors including others to invest in EPZs. 

Presently, 31 Japanese enterprises have invested US$ 525 million in the EPZs and created employment opportunity for 13,500 Bangladeshi nationals. 

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md. Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md. Tanvir Hossain of BEPZA including Managing Director of Roulin (BD) Md. Mahbubar Rahman were present at the signing ceremony.