Indian co to invest $9.78m in DEPZ
Tuesday, 16 September 2008
M/s Lenny Apparels Limited, a 100 per cent Indian company, will set up a woven and knit garments industry in the Dhaka Export Processing Zone (DEPZ) at a cost of US$9.776 million or about Tk 670 million.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s Lenny Apparels Limited in the city Monday, said a press release.
BEPZA Member (Investment Promotion) Prasanta Bhushan Barua and Chief Executive Officer of Lenny Apparels Waseem Mohd Siddiqui signed the agreement on behalf of their respective organisations.
Among others, Executive Chairman of the BEPZA Brigadier General Jamil Khan was present at the signing ceremony.
The company will also create employment opportunities for 1620 Bangladeshis and 61 foreign nationals.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s Lenny Apparels Limited in the city Monday, said a press release.
BEPZA Member (Investment Promotion) Prasanta Bhushan Barua and Chief Executive Officer of Lenny Apparels Waseem Mohd Siddiqui signed the agreement on behalf of their respective organisations.
Among others, Executive Chairman of the BEPZA Brigadier General Jamil Khan was present at the signing ceremony.
The company will also create employment opportunities for 1620 Bangladeshis and 61 foreign nationals.