Turkish co to invest $21.65m in Adamjee EPZ
United News of Bangladesh . Dhaka
Asia Holdings Bangladesh Limited, a Turkish company, will set up a garment manufacturing industry in the Adamjee Export Processing Zone.
The 100-per cent foreign owned company will invest $21.65 million in setting up their unit and will produce garment items.
The company will also create employment opportunity for 7,280 persons, including 30 foreign nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and the Turkish company in the BEPZA Complex in the city on Monday.
Mohammad Moyjuddin Ahmed, member (investment promotion) of the BEPZA, and Yusuf Kursad, managing director of Asia Holdings, signed the agreement on behalf of their respective organisations.