Chinese (HK) co to invest $10m in Dhaka EPZ
Friday, 14 March 2008
FE Report
A Chinese company, namely M/s. South China Bleaching and Dyeing Factory Limited is going for expansion of its Dyed and Finished Fabric Industry in the Dhaka Export Processing Zone (DEPZ).
This one hundred per cent foreign owned company will enhance its production capacity with additional investment of US$ 10 million, including this, the total investment will stand at US$ 30 million. The company will also create new job opportunity for additional 200 Bangladeshi people with implementation of its expansion programme.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and M/s South China Bleaching and Dyeing Factory Limited in BEPZA Complex in the city Tuesday. General Manager (Investment Promotion) of BEPZA AZM Azizur Rahman, and Director (Finance) of M/s South China Bleaching and Dyeing Factory Limited Mohamed Subaid Ali signed the lease agreement on behalf of their respective organisations.
The Executive Chairman of BEPZA and other officials were present on this occasion.
Meantime, a Bangladesh-Indonesia joint venture company, namely M/s TM Chemicals Limited is going to set up a chemicals industry in the Comilla Export Processing Zone.
This jointly owned company will invest US$ 7.2 million and will produce 4.1 million kg of chemical items. The company will create employment opportunity for 121 Bangladeshi nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the M/s TM Chemicals Limited in BEPZA Complex in the city Saturday.
General Manager (Investment Promotion) of BEPZA AZM Azizur Rahman, and Managing Director of M/s. TM Chemicals Limited Tanim Ahmed signed the agreement on behalf of their respective organisations.
A Chinese company, namely M/s. South China Bleaching and Dyeing Factory Limited is going for expansion of its Dyed and Finished Fabric Industry in the Dhaka Export Processing Zone (DEPZ).
This one hundred per cent foreign owned company will enhance its production capacity with additional investment of US$ 10 million, including this, the total investment will stand at US$ 30 million. The company will also create new job opportunity for additional 200 Bangladeshi people with implementation of its expansion programme.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and M/s South China Bleaching and Dyeing Factory Limited in BEPZA Complex in the city Tuesday. General Manager (Investment Promotion) of BEPZA AZM Azizur Rahman, and Director (Finance) of M/s South China Bleaching and Dyeing Factory Limited Mohamed Subaid Ali signed the lease agreement on behalf of their respective organisations.
The Executive Chairman of BEPZA and other officials were present on this occasion.
Meantime, a Bangladesh-Indonesia joint venture company, namely M/s TM Chemicals Limited is going to set up a chemicals industry in the Comilla Export Processing Zone.
This jointly owned company will invest US$ 7.2 million and will produce 4.1 million kg of chemical items. The company will create employment opportunity for 121 Bangladeshi nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the M/s TM Chemicals Limited in BEPZA Complex in the city Saturday.
General Manager (Investment Promotion) of BEPZA AZM Azizur Rahman, and Managing Director of M/s. TM Chemicals Limited Tanim Ahmed signed the agreement on behalf of their respective organisations.