KPST Shoes makes export as first firm from Bepza Economic Zone | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 10, 2025
KPST Shoes makes export as first firm from Bepza Economic Zone

Economy

Jobaer Chowdhury
01 December, 2023, 01:30 pm
Last modified: 01 December, 2023, 01:30 pm

Related News

  • Rizvi questions govt preparedness over new Covid variant spread
  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match

KPST Shoes makes export as first firm from Bepza Economic Zone

Having started commercial production on 8 November, KPST Shoes plans to invest $8.07 million to expand its production capacity, and create 2,670 new jobs

Jobaer Chowdhury
01 December, 2023, 01:30 pm
Last modified: 01 December, 2023, 01:30 pm

KPST Shoes (BD) Co Ltd, a Chinese-owned shoe accessories manufacturing company, has commenced exporting from the Bangladesh Export Processing Zone Authority (Bepza) Economic Zone, situated in the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram.

According to Bepza, in the first shipment, KPST Shoes has exported EVA sheets – a shoe accessory – worth $349,300. The shipment is destined for Blue Ocean Footwear in Gazipur. 

Blue Ocean Footwear is sourcing shoe-making materials from KPST Shoes as a company nominated by its foreign buyer. The transaction is considered a deemed export.

Having started commercial production on 8 November, KPST Shoes plans to invest $8.07 million to expand its production capacity, and create 2,670 new jobs.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The expansion will focus on manufacturing a variety of shoe accessories, including insoles, outsoles, midsoles, EVA foam, and PU foam. The company currently has an annual production capacity of 30 million pairs of EVA and PU foams, and 3,00,000 cubic metres of the materials. Its previous investment was $34.80 million, and it currently employs 30 people.

Engr Mohammad Anamul Haque, project director of Bepza Economic Zone, told The Business Standard, "The two other Chinese-owned companies – Fengqun Composite Material Co (BD) Ltd and Kiaxi Lingerie Bangladesh Co Ltd – have begun commercial production, and are waiting for export. They have received permanent customs bond licences."

With an investment target of $2.2 million, Fengqun Composite has focused on producing a range of items, including shoe accessories and packaging materials such as duct tape, cartons, paperboard boxes, inner boxes, corrugated boxes, rigid boxes, foil sealed bags, and chipboard packing. Fengqun began construction work in April 2022.

Kiaxi Lingerie, a garment product manufacturer, has set investment goals of $60.85 million for their operations within the economic zone.

So far, 23 companies have received the allotment in the economic zone. Of them, 17 are foreign-owned, two joint ventures, and four are local firms. They have put forth an investment proposal of $520.26 million in total with proposed employment of 86,525 people.

The zone, expected to draw approximately $2.70 billion in foreign direct investments once it is fully operational, has been established on 1,138.55 acres of land in the Bangabandhu Sheikh Mujib Shilpa Nagar with 539 industrial plots. Of them, 132 plots have so far been allocated to the 23 companies.

Bepza officials say more than 100 companies have applied for industrial plot allocations within the Bepza Economic Zone. As of now, 23 companies have been granted plots, while the remaining applications are under review.

The companies are expected to contribute to the production of diverse goods, including shoe accessories, packaging materials, finished lubricants, camping equipment, outdoor products, cashew nut processing, tents, apparel, camping equipment, garment accessories, and paper conversion, among others.

Recently, there has been renewed discussion that garment factory owners are reluctant to set up their units in Mirsarai, citing the labour and transportation crisis.

On the issue, Project Director Engineer Mohammad Anamul Haque said, "Many workers from Abu Torab and Bortakia in the neighbouring areas of the economic zone are coming to work. We are receiving a lot of applications. We hope that there will be no labour shortage." 

In addition, the transportation owners are contacting the economic zone authorities. Once the factories are operational, they will also start transportation when people's travel increases, added Anamul.

The Bepza Economic Zone Mirsarai-Phase 1 (1st Revised) project was initiated in 2018 with an estimated cost of Tk1,302.91 crore, and has achieved 75% completion as of now. The project's deadline is set for December 2024, and it envisions creating a smart and green economic zone.

Currently, Bepza oversees eight operational export processing zones (EPZ) – Chattogram EPZ, Dhaka EPZ, Mongla EPZ, Ishwardi EPZ, Cumilla EPZ, Uttara EPZ, Karnaphuli EPZ, and Adamjee EPZ.

The development of the Bangabandhu Sheikh Mujib Shilpa Nagar, spanning 30,000 acres in Mirsarai and Sitakunda upazilas of Chattogram, and Shonagazi upazila of Feni, has meanwhile seen the initiation of production by five industries, with another 15 industries currently under construction.

Top News

KPST Shoes (BD) Co Ltd / shoe / Bangladesh Export Processing Zones Authority (BEPZA) / export / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus and BNP Acting Chairman Tarique Rahman. Photos: Collected
    Yunus-Tarique meeting in London Friday can be a major turning point: Fakhrul
  • An Israeli soldier passes a bun to Greta Thunberg onboard the Gaza-bound British-flagged yacht ‘Madleen’ after Israeli forces boarded the charity vessel as it attempted to reach the Gaza Strip in defiance of an Israeli naval blockade, in this still image released on June 9, 2025. Israel Foreign Ministry via X/Handout via REUTERS
    Greta Thunberg deported from Israel after Gaza aid boat seized
  • Photo shows the Land Cruiser Prado car belonging to former member of parliament (MP) Anwarul Azim Anar found in Kushtia. Photo: TBS
    Luxury car of ex-AL MP Anar, who was killed in Kolkata, found in Kushtia

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • A photo showing the former president on his return to Dhaka today (9 June). 
Source: Collected
    Former president Abdul Hamid returns to Bangladesh from Thailand
  • File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar
    Dhaka: The city we never want to return to, but always do
  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • Inside the aid ship stormed by Israeli forces on 9 June 2025. Photo: BBC
    Israeli forces stormed aid boat carrying Greta Thunberg bound for Gaza: Freedom Flotilla Coalition
  • Enhanced surveillance at Ctg airport amid rising global Covid-19 cases
    Enhanced surveillance at Ctg airport amid rising global Covid-19 cases

Related News

  • Rizvi questions govt preparedness over new Covid variant spread
  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match

Features

File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

1d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

2d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

5d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

6d | Panorama

More Videos from TBS

Dr. Yunus and Tarique Rahman's meeting will not solve all problems: Mirza Fakhrul

Dr. Yunus and Tarique Rahman's meeting will not solve all problems: Mirza Fakhrul

45m | TBS Today
Khadi in a New Form Amid Various Crises in Fashion

Khadi in a New Form Amid Various Crises in Fashion

3h | TBS Stories
US and China to meet in London for trade talks

US and China to meet in London for trade talks

17h | TBS World
The forbidden point on Cox's Bazar beach is like a death trap

The forbidden point on Cox's Bazar beach is like a death trap

19h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net