http://www.newagebd.com/2010/mar/11/busi.html#7
$8m Chinese investment in Ctg EPZ
Bangladesh Sangbad Sangstha . Dhaka
A Chinese company, Messrs Universal Hats and Bags Manufactures Limited, will invest $8 million in the hats and bags manufacturing industry in the Chittagong Export Processing Zone.
BEPZA (investment promotion) member Moyjuddin Ahmed and Universal Hats and Bags general manager Zhang Wen Sheng signed the agreement on Wednesday at the BEPZA complex in Dhaka, said a BEPZA release.
The foreign-owned company will invest the sum in setting up their unit and will produce hats and bags. The company will create employment opportunity for 3,000 Bangladeshi workers.
BEPZA executive chairman Jamil Ahmed Khan, member (finance) Mahabubur Rahman, secretary AZM Azizur Rahman Shawkat Nabi, general manager (investment promotion) Korshed Alam, among others, were present on the occasion.
