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Tuesday, 21 May 2013

UK company to invest $ 6.468m in Adamjee EPZ

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Reported by: UNBconnect
Reported on: June 28, 2012 21:14 PM
Reported in: Business
Dhaka, June 28 (UNB) – A UK company will invest US dollar 6.458 million in Adamjee Export Processing Zone (AEPZ) to set up a garments manufacturing unit there.

Once set up the fully foreign-owned factory will create employment opportunity for 2,354 Bangladeshi nationals.

An agreement to this effect was signed Bangladesh Export Processing Zones Authority (BEPZA) and M/s London 1st Textile Limited, the British company, at BEPZA Complex at Green Road on Thursday.

Syed Nurul Islam, member (invest promotion), BEPZA, and Chad Miah, managing director of M/s London 1st Textile Limited, inked the agreement on behalf of their respective organizations in the afternoon.

Major General (retd) ATM Shahidul Islam, executive chairman, BEPZA, Shawka Nabi, secretary, AZM Azizur Rahman, general manager (invest promotion), SM Aktar Alam Mostafa, general manaer (public relations) and other officials of BEPZA were present at the signing ceremony, said an official release.
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