Dunion Taiyang Sheng Shoes, a Chinese footwear manufacturer, has committed to investing $10.20 million in the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone (BEPZA EZ).
The investment will support the local economy by creating 1,939 jobs, according to BEPZA. The factory will produce various types of footwear, including sandals, flats, high heels, boots, and sports shoes, with an expected annual output of 2.10 million pairs.
This investment is part of a broader trend of increasing foreign interest in Bangladesh’s export-oriented manufacturing sector, particularly as the country benefits from a favourable tariff arrangement in the US market.
The investment agreement was signed today at the BEPZA Complex in Dhaka. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman presided over the ceremony, with BEPZA Member (Investment Promotion) Md Ashraful Kabir signing on behalf of BEPZA, and Dunion Taiyang Sheng Shoes Chairman Ye Yary representing the company.
In his remarks, Major General Ziaur Rahman thanked Dunion Taiyang Sheng Shoes for selecting BEPZA EZ for their investment. He emphasized the importance of factory designs that support vertical expansion and urged the inclusion of eco-friendly features, such as rooftop solar panels and rainwater harvesting systems.
Senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, and Executive Director (Public Relations) A S M Anwar Parvez, were also present at the ceremony.
This investment further underscores the growing industrial cooperation between Bangladesh and China and highlights the role of BEPZA EZ in attracting foreign investments.