S Korean co to invest $10m more in BD

FE Team | Published: May 31, 2020 21:08:10

In presence of the Executive Chairman of BEPZA Major General S M Salahuddin Islam, BP, SPP, ndc, psc, Member (Engineering) of BEPZA Mohammad Faruque Alam and Managing Director of Giant BD Co Ltd Kim Byung Jin signing an agreement in Dhaka recently for expanding their South Korean company with an investment of US$ 10 million more to establish a new unit of shoe component (injection phylon Midsole) & sports sandal manufacturing industry in Cumilla EPZ

A South Korean company, namely Ms Giant BD Co Ltd, is going to expand their business with an investment of US$10 million more in Bangladesh, reports BSS quoting an official release.
The South Korean concern will establish a new unit of shoe component (injection phylon Midsole) and sports sandal manufacturing industry in Cumilla EPZ, as per a Bangladesh Export Processing Zones Authority (BEPZA) press release issued on Saturday.
This Korean company's new investment will create employment opportunities for 500 Bangladeshi nationals afresh.
To this end, an agreement was signed between the BEPZA and Ms Giant BD Co Ltd at BEPZA Complex in the city.
BEPZA Member (Engineering) Mohammad Faruque Alam and Managing Director of Ms Giant BD Co Ltd Kim Byung Jin inked the deal on behalf of their respective organizations.
Among others, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) of BEPZA Md Tanvir Hossain were present on the occasion.