Korea to set up garments accessories manfg industry in Karnaphuli EPZ
Wednesday, 4 July 2007
Korean company M/s Kosh Industrial (BD) Limited will set up a garments accessories manufacturing industry in the Karnaphuli Export Processing Zone (KEPZ) with an investment of US$ 8.0 million, reports UNB.
The 100 per cent foreign owned company will manufacture 160 million pieces of woven and printed labels, hang tags, screen printed logos, dyed yarn and thread, poly bags, webing strings, tape, band, steel poles, fiber glass poles, plastic items, velcro tape and zipper annually.
The industry will create employment opportunity for 988 Bangladeshi and 12 foreign nationals.
An agreement, to this effect, was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Kosh Industrial (BD) Ltd in Dhaka Tuesday.
Prasanta Bhushan Barua, member (Investment Promotion) of BEPZA, and Jeong Ho Lee, chairman of Kosh Industrial (BD) Limited signed the lease agreement on behalf of their respective organizations, said a press release.
The 100 per cent foreign owned company will manufacture 160 million pieces of woven and printed labels, hang tags, screen printed logos, dyed yarn and thread, poly bags, webing strings, tape, band, steel poles, fiber glass poles, plastic items, velcro tape and zipper annually.
The industry will create employment opportunity for 988 Bangladeshi and 12 foreign nationals.
An agreement, to this effect, was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Kosh Industrial (BD) Ltd in Dhaka Tuesday.
Prasanta Bhushan Barua, member (Investment Promotion) of BEPZA, and Jeong Ho Lee, chairman of Kosh Industrial (BD) Limited signed the lease agreement on behalf of their respective organizations, said a press release.