STAR BUSINESS REPORT

In a step towards expanding Bangladesh’s export market, Pran-RFL Group, one of Bangladesh’s leading conglomerates, signed an agreement with China’s Haitian Group to enhance its production capacity and boost exports of household plastic goods through a Tk 200 crore project.

The agreement was signed by RN Paul, managing director of RFL Group, and Xiang Linfa, vice-president of Haitian Group, at Six Seasons Hotel in the capital yesterday, aiming to import advanced machinery from China.

The event was attended by Toukirul Islam, deputy managing director of Durable Plastic Limited, Prodip Kumar Poddar, deputy managing director of Rangpur Metal Industries Limited, and Li Hufeng, general manager (sales) of Haitian Group.

Speaking at the event, RN Paul highlighted the current challenges in Bangladesh’s investment climate, citing a slowdown in private sector investments due to economic uncertainties.

However, he emphasised that RFL’s decision to expand production and enter new markets would send a positive signal for the country’s industrial growth.

“This project will be implemented swiftly, and we are confident that it will make a substantial contribution to Bangladesh’s export sector,” Paul said.

“We expect to start production by May this year, creating employment opportunities for around 2,500 people. Additionally, this initiative is projected to increase our annual export revenue by approximately 30 percent,” he added.