Bangladeshi company to invest US$ 7.17m in Dhaka EPZ

http://www.bssnews.net/newsDetails.php?cat=0&id=153584&date=2011-01-05

Bangladeshi company to invest US$ 7.17m in Dhaka EPZ

DHAKA, Jan 5 (BSS)- M/s Cassmark Fashion Limited will set up a Garment Industry in Dhaka Export Processing Zone.

This 100% Bangladeshi owned company will invest 7.671 million US Dollar in setting up their unit and will produce garments items. The company will also create employment opportunity for 1,897 Bangladeshi nationals.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and M/S. Cassmark Fashion Limited in BEPZA Complex Dhaka yesterday.

Md Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA and Ms Sabrina Islam, Managing Director of M/S. Cassmark Fashion Limited signed the agreement on behalf of their respective organizations.

Major General A T M Shahidul Islam, Executive Chairman, Abu Reza Khan, Member (Engineering), A K M Mahbubur Rahman, Member (Finance), Md Shawkat Nabi Secretary and other officials of BEPZA were present at the signing ceremony.

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