Korean company to invest Tk 3.15b in Karnaphuli EPZ
Sunday, 29 June 2008
M/s Pungkook Chittagong (Pvt) Company Limited, a Korean company, will set up a bags, packs and luggage manufacturing industry in the Karnaphuli Export Processing Zone (EPZ).
The one hundred per cent foreign-owned company will invest initially about Tk 3.15 billion in setting up its plant and will produce annually eight million pieces of bags and carrying cases, said a press release.
The company will create an employment opportunity for 2000 people including 14 foreign nationals, the release added.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Pungkook Chittagong (Pvt) Company Limited at the BEPZA Complex in the city Thursday.
Member (Investment Promotion) of BEPZA Prasanta Bhushan Barua and Managing Director of M/s Pungkook Chittagong (Pvt) Company Limited Sang Hyup Lee signed the agreement on behalf of their respective organisations.
Executive Chairman of BEPZA Brig General Jamil Ahmed Khan and other officials from both the organisations were also present on the occasion.
The one hundred per cent foreign-owned company will invest initially about Tk 3.15 billion in setting up its plant and will produce annually eight million pieces of bags and carrying cases, said a press release.
The company will create an employment opportunity for 2000 people including 14 foreign nationals, the release added.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Pungkook Chittagong (Pvt) Company Limited at the BEPZA Complex in the city Thursday.
Member (Investment Promotion) of BEPZA Prasanta Bhushan Barua and Managing Director of M/s Pungkook Chittagong (Pvt) Company Limited Sang Hyup Lee signed the agreement on behalf of their respective organisations.
Executive Chairman of BEPZA Brig General Jamil Ahmed Khan and other officials from both the organisations were also present on the occasion.