M/s Daikei Industry, a 100 percent foreign-owned company, will invest US$10 million for the proposed unit, which will annually manufacture 15000 pieces of aerodynamic parts, 3500 pieces of air-intake boxes and 2500 pieces of other parts, said a press release.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Daikei Industry in Dhaka yesterday. AZM Azizur Rahman, general manager (Investment Promotion) of BEPZA, and Sadao Nakane, proprietor of Daikei Industry, signed the lease agreement on behalf of their organisations.

BEPZA members Mohammad Shahjahan (Investment Promotion) and Abu Reza Khan (Engineering), among others, were present at the signing ceremony.