Ocean Jeans to invest $2.6m in Ctg EPZ
Unb,Dhaka
A Bangladeshi company, Ocean Jeans Limited (OJL), will invest US$ 2.6 million to establish a readymade garment factory in Chittagong Export Processing Zone.To this effect, Bangladesh Export Processing Zones Authority (Bepza) and the OJL signed an agreement yesterday in Dhaka. OJL Chairman M Zahid Hossain Miah and Bepza Member (Investment Promotion) M Masud Ahmed signed the lease agreement on behalf of their respective organisations, said a Bepza release. This fully locally owned company will annually manufacture 2.5 million pieces of RMG products, including men's, ladies' and kids' jeans and casual wear. The venture will create employment opportunities for 2,631 Bangladeshi people. Among others, Bepza Executive Chairman Ashraf Abdullah Yussuf and Member (Finance) AKM Mahbubur Rahman and General Manager in charge of Investment Promotion M Fazlur Rahman Bhuiyan and Public Relations Manager Nazma Binte Alamgir were present at the signing ceremony.
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