|
Comilla EPZ awaits $5.24m foreign investment
3/4/2005
An investor from British Virgin Island is going to establish a composite textile industry in Comilla Export Processing Zone at a cost of US$ 5.246 million, reports UNB.
An agreement to this effect was signed in the city Thursday between the Bangladesh Export Processing Zones Authority (BEPZA) and the investor, Blossom Textile Limited.
BEPZA Member (Investment Promotion) Md Shahjahan and Blossom Textile Limited Director Yeung Ngai signed the lease agreement on behalf of their respective sides.
The 100 per cent foreign-owned company will produce annually 750,000 kgs of Dyed Yarn and 2.1 million pieces of knitwears.
The company will also manufacture sweater, cardigan, pullover, gloves and scarf, and create employment opportunity for about 2,027 Bangladeshi and 23 foreign nationals.
BEPZA Executive Chairman Md Zakir Hossain, Member (Finance) Masud Ahmed, Member (Engineering) Abu Reza Khan, Secretary S Mahmood Yunus and General Manager (Investment Promotion) AZM Azizur Rahman also were present at the signing ceremony.
|