Canada-Bangladesh joint venture to invest $10.84m in AEPZ
Wednesday, 19 March 2008
A joint venture company of Bangladesh and Canada named Rashid Composite Textile Ltd will set up a knit composite garments manufacturing industry by investing 10.84 million US dollars in Adamjee Export Processing Zone (AEPZ), reports BSS.
The industry would produce 3,75,000 dozens of polo shirts, t-shirts, knit trousers and children wear items annually, a Bangladesh Export Processing Zones Authority (BEPZA) press release said in the city Tuesday.
The company would also create an employment opportunity for 511 Bangladeshi nationals, it said.
The general manager of BEPZA and the managing director of Rashid Composite Textile Ltd signed an agreement on behalf of their respective sides Monday in this connection at the BEPZA complex.
The executive chairman and other high officials of BEPZA were also present on the occasion.
The industry would produce 3,75,000 dozens of polo shirts, t-shirts, knit trousers and children wear items annually, a Bangladesh Export Processing Zones Authority (BEPZA) press release said in the city Tuesday.
The company would also create an employment opportunity for 511 Bangladeshi nationals, it said.
The general manager of BEPZA and the managing director of Rashid Composite Textile Ltd signed an agreement on behalf of their respective sides Monday in this connection at the BEPZA complex.
The executive chairman and other high officials of BEPZA were also present on the occasion.