Energypac Agro Ltd, IDLC sign contribution deal
Friday, 3 August 2007
FE Report
A contribution agreement has been signed between Energypac Agro Limited and IDLC of Bangladesh Ltd on behalf of Local Enterprise Investment Centre (LEIC) in the city recently.
The deal aims at assisting to create a joint venture with a foreign partner from the region for producing value-added coconut coir products for both domestic and international markets.
LEIC is a centre funded by Canadian Government through Canadian International Development Center (CIDA) and managed by IDLC of Bangladesh Ltd (IDLC).
LEIC is working for the development of the SMEs in the country by creating joint ventures or other forms of long term partnerships with foreign or large local companies, which will allow them to have access to capital as well as technology, innovative products and improved process.
The proposed investment would help generate huge employment for the underprivileged women and would earn foreign currency by adding value to local raw materials including coconut fibre which is currently wasted.
A contribution agreement has been signed between Energypac Agro Limited and IDLC of Bangladesh Ltd on behalf of Local Enterprise Investment Centre (LEIC) in the city recently.
The deal aims at assisting to create a joint venture with a foreign partner from the region for producing value-added coconut coir products for both domestic and international markets.
LEIC is a centre funded by Canadian Government through Canadian International Development Center (CIDA) and managed by IDLC of Bangladesh Ltd (IDLC).
LEIC is working for the development of the SMEs in the country by creating joint ventures or other forms of long term partnerships with foreign or large local companies, which will allow them to have access to capital as well as technology, innovative products and improved process.
The proposed investment would help generate huge employment for the underprivileged women and would earn foreign currency by adding value to local raw materials including coconut fibre which is currently wasted.