Singapore-India owned company to invest US$ 9.24 million in BEPZA EZ

The Bangladesh Export Processing Zones Authority (BEPZA) has signed a lease agreement with Allied Tobacco Company Limited, a Singapore-India-owned company, to establish a 100% export-oriented cigarette manufacturing industry in the BEPZA Economic Zone (EZ).

The company will invest US$ 9.24 million to produce 9 billion cigarette sticks annually, creating employment opportunities for 127 Bangladeshi nationals.The agreement was signed today (March 13, 2025) at the BEPZA Complex in Dhaka by Mr  Imtiaz Hossain, Member (Engineering and Investment Promotion—Additional Charge) of BEPZA, and Mr Tay Yong Sheng Edwin, Managing Director of Allied Tobacco Company Limited. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, BSP, NDC, psc, witnessed the signing ceremony.

The Executive Chairman thanked Allied Tobacco Company Limited for investing in BEPZA EZ and assured the company of full support to ensure smooth business operations.
Senior BEPZA officials attended the signing ceremony, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Admin) Md Tazim-Ur-Rahman, Executive Director (Public Relations) ASM Anwar Parvez, and representatives of Allied Tobacco Company Limited.