Indo-Hong Kong garments plant to invest $3.626m in DEPZ
Thursday, 2 August 2007
Hong Kong (HK) and India will establish a garments industry in Dhaka Export Processing Zone (DEPZ) with an investment of US$ 3.626 million, reports UNB.
This 100 per cent foreign-owned company named M/s. Epic Garments Manufacturing Company Limited, Unit-2, will manufacture annually 360 thousand dozens of woven shirts, trousers, jackets, shorts, blouses, skirts and payjama.
The industry will create employment opportunity for 1703 Bangladeshi and seven foreign nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s. Epic Garments Manufacturing Company Limited in Dhaka recently.
Member (Investment Promotion) of BEPZA Prasanta Bhushan Barua and Chief Financial Officer of Epic Garments Company Govind Bhagat signed the lease agreement on behalf of their respective organisations, said a press release Wednesday.
This 100 per cent foreign-owned company named M/s. Epic Garments Manufacturing Company Limited, Unit-2, will manufacture annually 360 thousand dozens of woven shirts, trousers, jackets, shorts, blouses, skirts and payjama.
The industry will create employment opportunity for 1703 Bangladeshi and seven foreign nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s. Epic Garments Manufacturing Company Limited in Dhaka recently.
Member (Investment Promotion) of BEPZA Prasanta Bhushan Barua and Chief Financial Officer of Epic Garments Company Govind Bhagat signed the lease agreement on behalf of their respective organisations, said a press release Wednesday.