Chinese co to invest $13.64m in Uttara EPZ
February 14, 2014 00:00:00
Member (Investment Promotion) of BEPZA Sayed Nurul Islam and Managing Director of M/s Kin Selection Products Mfg. (BD) Ltd. Chow Chi Ho exchanging documents after signing an agreement on behalf of their respective organisations in the city Thursday.
M/s Kin Selection Products Manufacture (BD) Limited, 100 per cent Chinese company, is going to set up a leather products industry in the Uttara Export Processing Zone (EPZ) involving US$13.64 million.
In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Kin Selection Products Manufacture (BD) Ltd. in the city Thursday, said a press release.
Member (Investment Promotion) of BEPZA Sayed Nurul Islam and Managing Director of M/s Kin Selection Products Manufacture (BD) Chow Chi Ho signed the agreement on behalf of their respective organisations.
The plant will be set up with annual production capacity of about 7.9 million pieces of various leather goods like Wallets, Hand Bags, Purse, Belts, Cosmetics Bag, Stationery Sets, Key Chain, Travel Tab, Evening Bag, Clutch Bag, Ring Key Case, ID Lanyard, Wristlet Pouch and Brief Case.
The company will create employment opportunity for 6000 Bangladeshi nationals.
Among others, Executive Chairman of BEPZA Major General Mohd Habibur Rahman Khan, ndc, psc, was present at the deal signing ceremony.