Indian company to invest $ 9.513m in Karnaphuli EPZ
Friday, 3 April 2009
FE Report
Geebee Garments Industries Limited, an Indian company, will set up a garments manufacturing unit in the Karnaphuli Export Processing Zone.
This wholly foreign-owned company will invest $ 9.513 million in setting up their unit and will produce shirt, t-shirt, blouse, jackets, trousers and shorts.
The company will also create employment opportunity for 2278 Bangladeshi and 22 foreign nationals, says a press release.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Geebee Garments Industries at BEPZA Complex in the city Thursday.
BEPZA Member (Investment Promotion) Prasanta Bhushan Barua and Geebee Garments General Manager Shankaranarayanan Guruswami signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Jamil Ahmed Khan and other officials from both the organisations were present on the occasion.
Geebee Garments Industries Limited, an Indian company, will set up a garments manufacturing unit in the Karnaphuli Export Processing Zone.
This wholly foreign-owned company will invest $ 9.513 million in setting up their unit and will produce shirt, t-shirt, blouse, jackets, trousers and shorts.
The company will also create employment opportunity for 2278 Bangladeshi and 22 foreign nationals, says a press release.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Geebee Garments Industries at BEPZA Complex in the city Thursday.
BEPZA Member (Investment Promotion) Prasanta Bhushan Barua and Geebee Garments General Manager Shankaranarayanan Guruswami signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Jamil Ahmed Khan and other officials from both the organisations were present on the occasion.