Korean group to invest more $6.5m in DEPZ
Unb, Dhaka
M/s Savar Dyeing and Finishing Industries Limited, a sister concern of South Korean Youngone Group, will expand its project in Dhaka Export Processing Zone (DEPZ) with an additional investment of US dollar 6.5 million.As a result, the total investment will stand at US$ 13 million, said a DEPZ press release. This company will also create new job opportunity for 250 Bangladeshi nationals. Now 400 Bangladeshi nationals are working in the unit. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and M/s Savar Dyeing and Finishing Industries Limited in Dhaka on Sunday.
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