Dhaka, Oct. 14 -- Chinese investor KPST will invest US$7.01 million to set up its second manufacturing facility at the BEPZA Economic Zone-1 in Mirsharai, Chattogram, creating employment for 200 Bangladeshis.

The company signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) at the BEPZA Complex in Dhaka on Wednesday to establish the new factory, KPST New Material (BD) Co., Ltd.

Md Tanvir Hossain, Member (Investment Promotion) of BEPZA, and Zhang Youguo, Director of KPST New Material (BD) Co., Ltd., signed the agreement on behalf of their respective organisations.

BEPZA Executive Chairman Major General Mohammad Moazzem Hossain and senior officials witnessed the signing ceremony.

The company will es...