Local co to invest $9.865m in Karnaphuli EPZ
Sunday, 6 September 2009
A Bangladeshi company, M/s Vancot Limited, will set up a knit garments manufacturing industry in the Karnaphuli Export Processing Zone (EPZ).
An agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s Vancot Limited in the city Wednesday, said a press release.
Member (Engineering) of the BEPZA M Mahbub Ul Alam and Managing Director of M/s Vancot Mridul Chakarborty signed the deal on behalf of their respective organisations.
The cent per cent local company will invest US$9.865 million in setting up the unit and will produce garments item.
The company will also create employment opportunities for 3560 Bangladeshi workers including four foreign nationals.
Among others, Executive Chairman Brigadier General Jamil Ahmed Khan, Member (Finance) AKM Mahabubur Rahman, Secretary Md Shawkat Nabi and General Manager (Investment Promotion) AZM Azizur Rahman were present at the signing ceremony.
An agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s Vancot Limited in the city Wednesday, said a press release.
Member (Engineering) of the BEPZA M Mahbub Ul Alam and Managing Director of M/s Vancot Mridul Chakarborty signed the deal on behalf of their respective organisations.
The cent per cent local company will invest US$9.865 million in setting up the unit and will produce garments item.
The company will also create employment opportunities for 3560 Bangladeshi workers including four foreign nationals.
Among others, Executive Chairman Brigadier General Jamil Ahmed Khan, Member (Finance) AKM Mahabubur Rahman, Secretary Md Shawkat Nabi and General Manager (Investment Promotion) AZM Azizur Rahman were present at the signing ceremony.