Bepza signs $80m lease deal with South Korean firm at Mirsharai EZ
The Bangladesh Export Processing Zones Authority has signed a lease agreement with South Korean company Park Handbag BD Ltd to establish a large-scale bag, luggage, and high-end garments manufacturing facility at the BEPZA Economic Zone in Mirsharai, Chattogram.
The agreement, involving a proposed $80 million investment, was signed on Monday, 26 January 2026, at the BEPZA complex in Dhaka. Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, signed the agreement on behalf of the authority, while Beomjoon Park, Chairman of Park Handbag BD Ltd, signed on behalf of the investing company.
The signing ceremony was witnessed by Major General Mohammad Moazzem Hossain, NDC, afwc, psc, G, MPhil, Executive Chairman of BEPZA.
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Under the agreement, Park Handbag BD Ltd will develop the project on 57,600 square metres of land to manufacture handbags, backpacks, luggage, and a range of knit and woven garments, including polo shirts, T-shirts, padded and down jackets, trousers, sportswear, and undergarments. Once fully operational, the project is expected to generate employment for 10,960 Bangladeshi nationals.
The products will be exported to major global markets, including the United States, the United Kingdom, the European Union, South America, and Asia.
Welcoming the South Korean investor, the Executive Chairman of BEPZA reaffirmed the authority's commitment to providing round-the-clock facilitation to investors. He urged Beomjoon Park to encourage other South Korean entrepreneurs to explore investment opportunities in BEPZA-administered export processing zones and economic zones.
He also noted that BEPZA is continuously modernising its service delivery system by expanding automation and digital services to enhance efficiency and investor support. "We should do better than yesterday," he said, underscoring BEPZA's drive to remain competitive and responsive.
Speaking at the ceremony, Beomjoon Park said Park Handbag BD Ltd would manufacture bags for globally recognised brands such as Coach and Kate Spade, and expressed confidence in Bangladesh as a competitive manufacturing destination. He also praised BEPZA for its efficient and investor-friendly services.
Among others, Abdullah Al Mamun, Member (Engineering); A N M Foyzul Haque, Member (Finance); Md Khorshid Alam, Executive Director (Enterprise Services); Samir Biswas, Executive Director (Administration); and A S M Anwar Parvez, Executive Director (Public Relations), along with senior BEPZA officials and representatives of Park Handbag BD Ltd, were present at the ceremony.
