Turkish co to invest $5.7m in Ishwardi EPZ
Tuesday, 18 November 2008
Turkish company M/s Bensim Limited will set up a socks manufacturing industry in the Ishwardi Export Processing Zone (EPZ).
The 100 per cent foreign owned company will invest US$5.70 million in the industry and will produce 8.50 million pair of socks annually.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Bensim Limited in the city Sunday, said a press release.
Member (Investment Promotion) of BEPZA Md Farhad Uddin and Chairman of Bensim Limited Ilham Abdulkadir Kahraman signed the agreement on behalf of their respective organisations.
The company will also create employment opportunity for 1250 Bangladeshi including 20 foreign nationals.
The 100 per cent foreign owned company will invest US$5.70 million in the industry and will produce 8.50 million pair of socks annually.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s Bensim Limited in the city Sunday, said a press release.
Member (Investment Promotion) of BEPZA Md Farhad Uddin and Chairman of Bensim Limited Ilham Abdulkadir Kahraman signed the agreement on behalf of their respective organisations.
The company will also create employment opportunity for 1250 Bangladeshi including 20 foreign nationals.