Belgium to invest $ 6.756m in DEPZ–6756m-in-depz.html

Belgium to invest $ 6.756m in DEPZ

DHAKA, Jan 27: Tigerco Limited, a Belgium origin company, will set up a high tech garment manufacturing industry in Dhaka Export Processing Zone (DEPZ), says a press release. This 100per cent foreign direct investment accounts $6.756 million in setting up their unit which will produce bullet-proof jacket, tent, and protective clothes and garments items.

The company will also create employment opportunity for 409 Bangladeshi nationals.

In this connection an agreement was signed between Bangladesh Export Processing Zones Authority and Tigerco Limited in BEPZA Complex, Dhaka recently.

Md. Moyjuddin Ahmed, member, Investment Promotion of BEPZA and Iqbal Hossain, managing director of Tigerco Limited signed the agreement on behalf of their respective organisations.

Major General A T M Shahidul lslam, ndu, psc, executive chairman, A.K.M Mahbubur Rahman, member, Finance, Md. Shawkat Nabi, secretary, A.Z.M. Azizur Rahman, general manager, Investment Promotion and other officials of BEPZA were present at the signing ceremony.


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