UK-China JV to invest $40m in Comilla EPZ

http://www.newagebd.com/2010/dec/31/busi.html#6

UK-China JV to invest $40m in Comilla EPZ
Bangladesh Sangbad Sangstha . Dhaka

Kadena Sportswear Limited, an UK-China joint venture company, will set up a knit and woven garments manufacturing units in the Comilla Export Processing Zone. This foreign owned company will invest $40.44 million in setting up their unit and will manufacture garments items.

The company will also create employment opportunity for 8,030 persons including 30 foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the Kadena Sportswear Limited at BEFZA Complex in the city.

Moyjuddin Ahmed, member (investment promotion) of BEPZA, and Leonidas Loukaides, chairman of Kadena Sportswear Limited, signed the agreement on behalf of their respective organisations.

BEPZA executive chairman Major General ATM Shahidul Islam, member (finance) AKM Mahbubur Rahman, general manager (investment promotion) AZM Azizur Rahman and other officials of BEPZA were present on the occasion.

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