July 18, 2024, 9:49 am

Staff Correspondent

2023-11-19 23:00:58 BdST

Adamjee EPZ gets $1.02m investment

India-Germany owned joint venture company M/s.  Helsa Icon Bangladesh Limited is going to set up a garments accessories manufacturing industry in Adamjee EPZ with an investment of US$ 1.02 million.

Bangladesh Export Processing Zones Authority (BEPZA) and M/s. Helsa Icon Bangladesh Limited on Sunday signed an agreement to this effect at BEPZA Complex in Dhaka, said a press release.

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Managing Director of Helsa Icon Bangladesh Limited Aartee Patil signed the agreement on behalf of their respective organizations.

Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony.

This foreign owned company will produce annually 10 million pairs of shoulder pads and 0.75 million pairs of sleeve heads.

The company will create job opportunity for 126 Bangladeshi nationals.

Among others, Executive Director (Administration) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain and Executive Director (Enterprise Services) Md. Khorshid Alam were present during the signing ceremony.

Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.

Popular Article from Business