Indian co to invest $16m in Karnaphuli EPZ
FE Report | Saturday, 9 August 2008
M/s Gokaldas Images (Bangladesh) Pvt Limited, an Indian company will set up a Garments and Garments Accessories Manufacturing Industry in the Karnaphuli Export Processing Zone.
This one hundred per cent foreign-owned company will invest about Tk 1.9 billion (109 crore) to set up their plant and will produce to export annually 5.4 million pieces of different types of garments and garments accessories. The company will also create employment opportunity for 3272 Bangladeshi including 108 foreign nationals.
An agreement to this effect has been signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Gokaldas Images (Bangladesh) Pvt Limited in BEPZA Complex, Dhaka recently.
Prasanta Bhushan Barua, member (Investment Promotion) of BEPZA and Jagadish N Hinduja, Director of M/s Gokaldas Images signed the agreement on behalf of their respective organisations.
Brig Gen Jamil Ahmed Khan, executive chairman of BEPZA and other officials from both the organisations were present on the occasion.
This one hundred per cent foreign-owned company will invest about Tk 1.9 billion (109 crore) to set up their plant and will produce to export annually 5.4 million pieces of different types of garments and garments accessories. The company will also create employment opportunity for 3272 Bangladeshi including 108 foreign nationals.
An agreement to this effect has been signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Gokaldas Images (Bangladesh) Pvt Limited in BEPZA Complex, Dhaka recently.
Prasanta Bhushan Barua, member (Investment Promotion) of BEPZA and Jagadish N Hinduja, Director of M/s Gokaldas Images signed the agreement on behalf of their respective organisations.
Brig Gen Jamil Ahmed Khan, executive chairman of BEPZA and other officials from both the organisations were present on the occasion.