Prime Leaf Processing to Invest $8.84M in BEPZA EZ

The Bangladesh Export Processing Zones Authority (BEPZA) continues to attract robust foreign investments, with Prime Leaf Processing Company Ltd. becoming the 40th company to sign a lease agreement in the BEPZA Economic Zone (BEPZA EZ). This marks another significant milestone in the zone's growing reputation as a key destination for global business ventures, as highlighted in a recent press release.

Prime Leaf Processing, a joint venture between Singapore, the UAE, and India, is set to invest $8.84 million to establish a state-of-the-art tobacco processing facility within BEPZA EZ. The agreement was formalized on Thursday at the BEPZA Complex in Dhaka, with BEPZA Member (Investment Promotion) Md. Ashraful Kabir and Chairman of Prime Leaf Processing Company Ltd., Meng Li, signing on behalf of their respective organizations.

The signing ceremony was attended by BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, alongside senior officials and company representatives.

Prime Leaf Processing's new plant will produce 36,000 tons of cut rags and cut rolled expanded steam annually and is expected to generate employment for 100 Bangladeshi nationals. This investment strengthens BEPZA’s strategy to diversify its industrial base and provide a favorable business environment for global investors.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman expressed his appreciation to Prime Leaf Processing for selecting BEPZA EZ for their investment. He reaffirmed BEPZA's commitment to offering world-class support to investors and creating a secure, conducive environment for business operations. “BEPZA is proud to be the choice of an increasing number of foreign investors. We look forward to seeing Prime Leaf Processing’s success and encourage other global companies to consider Bangladesh’s abundant opportunities,” he added.

Meng Li, Chairman of Prime Leaf Processing, thanked BEPZA for its continued support in establishing the company’s factory at BEPZA EZ. “We are excited to commence operations by August 2025 and are confident that our investment will have a positive impact on the local economy and workforce,” he said.

The signing ceremony was attended by senior BEPZA officials, including Member (Engineering) Md. Imtiaz Hossain, Member (Finance) A N M Foyzul Haque, Executive Director (Enterprise Services) Md. Khorshid Alam, Executive Director (Public Relations) ASM Anwar Parvez, as well as representatives from Prime Leaf Processing.

With this new agreement, BEPZA EZ has secured a total proposed investment of $926.5 million from 40 companies, further demonstrating the zone's growing appeal to a diverse range of industries.