The Indo-Bangladesh joint venture, Expedo (BD) Ltd, will involve an expenditure of US$2 million, says a press release.

Expedo and the Bangladesh Export Processing Zones Authority signed an agreement to this effect in Dhaka yesterday.

The plant will annually produce some 12,800 metric tons of various type of plastic products including hanger, clip, film roll, tube bag, bag, back and neck board and PVC pipe.