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Japanese firm to invest $1.02m in Mongla EPZ

200px-Seiko_logo.svgBangladesh Seiko Electronic Products Co Ltd, a Japanese company is going to set up an electrical and mechanical parts manufacturing industry in Mongla EPZ.

The fully foreign owned company will invest $1.02 million for setting up their plant with an annual production capacity of 2.5 million pieces of hair spring and inductor coil, said a press release.

Bangladesh Seiko Electronic Company will create employment opportunity for 33 Bangladeshi nationals.

In this regard, an agreement was signed between Bangladesh Export Processing Zones Authority and Bangladesh Seiko Electronic Products Co. Ltd. in Dhaka on Tuesday at BEPZA Complex.

Sayed Nurul Islam, Member (Investment Promotion) of BEPZA and Hisashi Miyazawa, Managing Director of Bangladesh Seiko Electronic Products Co. Ltd. signed the agreement on behalf of their respective organisations.

Major General Mohd Habibur Rahman Khan, ndc, psc, Executive Chairman, Khandakar Aktaruzzaman, Member (Engineering), AKM Mahbubur Rahman, Member (Finance), Md. Shawkat Nabi, Secretary, Nazma Binte Alamgir, General Manager (PR) of BEPZA and from Bangladesh Seiko Electronic Director (Corporate Sales and Marketing) Tsuge Naoko, General Manager (HR) FHM Shamsuzzaman Shaams were also present.


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