Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1128 Thu. August 02, 2007  
   
Business


Indo-HK RMG plant in Dhaka EPZ soon


Hong Kong and India will establish a garments industry in Dhaka Export Processing Zone with an investment of US$ 3.626 million.

This 100 percent foreign owned company named M/s. Epic Garments Manufacturing Company Limited, Unit-2, will manufacture annually 360 thousand dozens of woven shirts, pants, jackets, shorts, blouse, skirts and pajama.

The industry will create employment opportunity for 1703 Bangladeshi and 7 foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (Bepza) and the M/s. Epic Garments Manufacturing Company Limited in Dhaka recently.

Member (Investment Promotion) of Bepza Prasanta Bhushan Barua and Chief Financial Officer of Epic Garments Company Govind Bhagat signed the lease agreement on behalf of their respective organisations, said a press release.