News Briefs (29-11-2018)

Chinese co to invest $15m

in Summit Technopolis

Banglatronics Technology Ltd signed a lease agreement with Summit Technopolis for setting up mobile assembling and manufacturing factory in Kaliakoir, Gazipur. The outlay of about $2.0 million investment initially to be raised up to $15 million in phases with potential to employ about 500 local engineers in full capacity. A delegation from Shandong's province of China Dezhou Economic and Technological Development Zone visited head office of Summit Technopolis. The team was led by E Hongda, Director of Administration Committee of Shandong's Dezhou Economic and Technological Development Zone. The key objective of this delegation is to understand the business environment of Bangladesh. — Statement

Green Delta Ins, Bank Asia ink MoU

Green Delta Insurance Company Limited and Bank Asia Ltd recently signed a MoU at the Green Delta Insurance head office. Under the agreement Green Delta Insurance will cover the farmers' credit linked for agricultural production, who are associated with Bank Asia's Farmers Center. Farzana Chowdhury, Chartered Insurer, ACII (UK), Managing Director & CEO of Green Delta Insurance and Md. Arfan Ali, President & Managing Director of Bank Asia signed the agreement on behalf of their respective companies. High officials of both the companies were also present at the signing ceremony. — Statement