Local co to invest $1.74m in KEPZ
Sunday, 24 January 2010
FE Report
A local company, namely M/s Arrow Fabrics (Pvt) Ltd will expand its garments manufacturing industry in the Karnaphuli Export Processing Zone (KEPZ), said a press release.
This 100 per cent locally-owned company will invest US$ 1.74 million in setting up its unit and will produce specialised garment items.
The company will also create employment opportunity for 1,500 Bangladeshi workers.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Arrow Fabrics (Pvt) Ltd at BEPZA Complex in the city Wednesday.
Md Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Masuda Begum, managing director of M/s Arrow Fabrics (Pvt.) Ltd, signed the agreement on behalf of their respective organisations.
Jamil Ahmed Khan, executive chairman, Md Shawkat Nabi, secretary, AZM Azizur Rahman, general manager (investment promotion), Md Khorshed Alam, general manager (public relations), and other officials of BEPZA were present at the signing ceremony.
A local company, namely M/s Arrow Fabrics (Pvt) Ltd will expand its garments manufacturing industry in the Karnaphuli Export Processing Zone (KEPZ), said a press release.
This 100 per cent locally-owned company will invest US$ 1.74 million in setting up its unit and will produce specialised garment items.
The company will also create employment opportunity for 1,500 Bangladeshi workers.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Arrow Fabrics (Pvt) Ltd at BEPZA Complex in the city Wednesday.
Md Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Masuda Begum, managing director of M/s Arrow Fabrics (Pvt.) Ltd, signed the agreement on behalf of their respective organisations.
Jamil Ahmed Khan, executive chairman, Md Shawkat Nabi, secretary, AZM Azizur Rahman, general manager (investment promotion), Md Khorshed Alam, general manager (public relations), and other officials of BEPZA were present at the signing ceremony.