S Korean co to invest $8.6m in BEPZA EZ

South Korean company Dongwoo BD Limited is going to set up a shoe accessories manufacturing industry in BEPZA Economic Zone (EZ) with an investment of $8.62 million, reports BSS.

In this connection, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with Dongwoo BD Limited at BEPZA Complex in the city on Sunday.

In presence of the Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, Ali Reza Mazid, member (Investment Promotion) of BEPZA, and Kim Dong Kyu, chairman of Dongwoo BD Ltd, signed the agreement on behalf of their respective organisations.

This fully foreign-owned company will create employment opportunities for 513 Bangladeshi nationals and will produce annually 3.6 million meters all kinds of PU Synthetic Leather.

Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam were present on the occasion.