Indian co to invest $9.513m in KEPZ
Sunday, 25 April 2010
FE Report
M/s Geebee (Bangladesh) Limited, a 100 per cent foreign-owned Indian company, will invest $9.513 million to set up a garments manufacturing industry for producing shirt, T-shirt, blouse, jackets and trousers in Karnaphuli Export Processing Zone (KEPZ).
In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Geebee (Bangladesh) Limited at BEPZA Complex in the city recently, said a press release.
BEPZA Member (Investment Promotion) Md Moyjuddin Ahmed and Geebee (Bangladesh) Limited General Manager Shankaranarayanan Guruswami signed the agreement on behalf of their respective organisations.
Among others, BEPZA Member (Finance) AKM Mahabubur Rahman, General Manager Md Khorshed Alam and other officials of both the companies were present at the signing ceremony.
The company will also create an employment opportunity for 2,278 persons including 22 foreign nationals.
M/s Geebee (Bangladesh) Limited, a 100 per cent foreign-owned Indian company, will invest $9.513 million to set up a garments manufacturing industry for producing shirt, T-shirt, blouse, jackets and trousers in Karnaphuli Export Processing Zone (KEPZ).
In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Geebee (Bangladesh) Limited at BEPZA Complex in the city recently, said a press release.
BEPZA Member (Investment Promotion) Md Moyjuddin Ahmed and Geebee (Bangladesh) Limited General Manager Shankaranarayanan Guruswami signed the agreement on behalf of their respective organisations.
Among others, BEPZA Member (Finance) AKM Mahabubur Rahman, General Manager Md Khorshed Alam and other officials of both the companies were present at the signing ceremony.
The company will also create an employment opportunity for 2,278 persons including 22 foreign nationals.