Japan-Bangladesh Group will set up a GSM Mobile handset plant, a computer hardware plant and a new generation technology printer in Bangladesh at an investment of US $225 million, reports BSS.
In line with the plan, the company signed three separate agreements with three South Korean companies Tuesday at a city hotel.
JB Group signed the agreements with Digital Ubiquitous (DU) Bank Co Ltd Korea, Munhwa Investment Corporation and Jupitar Capital Korea Co Ltd to enhance trade and investment between Bangladesh and Korea.
Chairman of JB Group Salim Proydhan signed the agreements with Chang Suk Kim, CEO of Jupiter Capital Korea and YC Chin, chief executive officer (CEO) of DU Bank.
The third agreement was signed by Ambassador Rashed Ahmed, Chairman, Advisory Board of JB Group and Oon Tae Kim, president of Munhwa Investment Corp.
The Korean representatives are now on a four-day visit to the city and met CS Karim, Adviser Agriculture, Fisheries and Livestock ministries, Md Mahbubur Rahman, Secretary, Communication Ministry and director general of Bangladesh Railway and joint secretary of Ministry of Energy and Mineral Resources.
South Korean Ambassador Sukbum Park witnessed the agreement signing as the chief guest.
The ambassador expressed his satisfaction over the changing business atmosphere saying the environment for trade and investment in Bangladesh is very congenial at the moment and the Korean investors can invest here more frequently.
President of the Korean Export Processing Zone (KEPZ) Jahangir Saadat also attended the signing ceremony and invited the delegation to visit the EPZ.
$225m accords signed to set up computer hardware, mobile sets plants
FE Team | Published: June 13, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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