Asian Tobacco (Pvt) Ltd, a cent percent Bangladeshi company, is going to establish a cigarettes and tobacco processing plant in Ishwardi Export Processing Zone with an investment of $2 million.

An agreement to this effect was signed today between BEPZA and M/s Asian Tobacco (Pvt) Ltd. at BEPZA Complex in the capital today.

In presence of the Executive Chairman of BEPZA Major General S M Salahuddin Islam, Md. Mahmudul Hossain Khan, Member (Investment Promotion) of BEPZA and Md. Saifur Rahman, Managing Director of Asian Tobacco signed the agreement on behalf of their respective organisations, said a press release.

BEPZA Member (Engineering) Mohammad Faruque Alam, Secretary Md. Zakir Hossain Chowdhury, General Manager (PR) Nazma Binte Alamgir, General Manager (IP) Md. Tanvir Hossain of BEPZA and Md. Saidur Rahman, Chairman of Asian Tobacco (Pvt) Ltd, among others, were present at the signing ceremony.