Japanese co to invest $2.851m in Karnaphuli EPZ
Wednesday, 26 December 2007
FE Report
A 100 per cent Japan-owned company titled M/s. Okakoh Bangladesh Company Limited will set up a machinery parts manufacturing, assembling and recycling industry in the Karnaphuli Export Processing Zone.
The company with an investment of US$2.851 million will produce, recycle and assemble machinery parts.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s. Okakoh Bangladesh Company Limited in the city recently, said a press release.
Member (Investment Promotion) of the BEPZA Prashanta Bhushan Barua and President of Okakoh Bangladesh Takao Okano signed the agreement on behalf of their respective organisations.
Among others, Executive Chairman of the BEPZA Brigadier General Ashraf Abdullah Yussuf, Member (Engineering) Md Farhad Uddin, Secretary BM Kamal and General Manager (Invest-ment Promotion) AZM Azizur Rahman were present at the agreement signing ceremony.
The company will create employment opportunity for 157 Bangladeshi and two foreign nationals, the release added.
A 100 per cent Japan-owned company titled M/s. Okakoh Bangladesh Company Limited will set up a machinery parts manufacturing, assembling and recycling industry in the Karnaphuli Export Processing Zone.
The company with an investment of US$2.851 million will produce, recycle and assemble machinery parts.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s. Okakoh Bangladesh Company Limited in the city recently, said a press release.
Member (Investment Promotion) of the BEPZA Prashanta Bhushan Barua and President of Okakoh Bangladesh Takao Okano signed the agreement on behalf of their respective organisations.
Among others, Executive Chairman of the BEPZA Brigadier General Ashraf Abdullah Yussuf, Member (Engineering) Md Farhad Uddin, Secretary BM Kamal and General Manager (Invest-ment Promotion) AZM Azizur Rahman were present at the agreement signing ceremony.
The company will create employment opportunity for 157 Bangladeshi and two foreign nationals, the release added.