RSS Thread & Accessories to invest $6.0m at IEPZ

To sustain the economic drive, M/s RSS Thread and Accessories Limited is going to establish a garment accessories industry with an investment of US $6.0 million at Ishwardi Export Processing Zone (EPZ), reports BSS.
"This cent percent Bangladeshi owned company will produce annually 100.2 million pieces of RFID and Adhesive Label, Paper Tag or Card, Corrugated Carton, 33 million yards of Narrow Fabric and 15.5 square metres of corrugated board," said a press release of Bangladesh Export Processing Zones Authority (BEPZA).
RSS Thread and Accessories will create employment opportunities for 485 Bangladeshi nationals, the release added.
An agreement to this effect was signed on Monday between the BEPZA and M/s RSS Thread and Accessories Ltd at BEPZA Complex in the city.
Member (Engineering) of BEPZA Mohammad Faruque Alam and Chairman of M/s RSS Thread and Accessories Ltd Md Abdun Noor inked the agreement on behalf of their respective organisations.
The Executive Chairman of BEPZA Major General S M Salahuddin Islam witnessed the signing ceremony.
General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md Tanvir Hossain were present on the occasion.