Japanese Co invests $ 5.6m in Adamjee EPZ

FE Team | Published: May 04, 2011 00:00:00 | Updated: February 01, 2018 00:00:00

CG Fashions Limited, a Japanese company, will set up a readymade garments unit in the Adamjee Export Processing Zone, says a statement. This fully foreign owned company will invest $9.6 million in setting up their unit and will manufacture readymade garments items. The company will also create employment opportunity for 1,399 Bangladeshi nationals. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and CG Fashions Limited in BEPZA Complex, Dhaka Monday. Md. Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA and Shinichi Okuda, Managing Director of Ws. CG Fashions Limited signed the agreement on behalf of their respective organizations. Major General A T M Shahidul Islam, Executive Chairman, AKM Mahbubur Rahman, Member (Finance), Md. Shawkat Nabi, secretary, A.Z.M. Azizur Rahman, General Manager (Investment Promotion) and other officials of BEPZA were present at the signing ceremony.