Korean co to invests $10m in Karnaphuli EPZ

http://newagebd.com/newspaper1/business/11373.html

Korean co to invests $10m in Karnaphuli EPZ
Bangladesh Sangbad Sangstha . Dhaka

Glenview (BD) Limited, a Korean company, will set up a tent bag and camping accessories manufacturing industry in the Karnaphuli Export Processing Zone.

The company will invest $10 million in setting up their unit and produce tents, canopy, sleeping bags, bag, back pack, camping furniture and camping items. The company will also create employment opportunity for 4,090 Bangladeshi nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and Glenview (BD) Limited in BEPZA Complex in Dhaka on Friday.

Md Moyjuddin Ahmed, member (investment promotion) of the BEPZA and Hoy Jin Lim, managing director of Glenview (BD) Limited, signed the agreement on behalf of their respective organisations.

Major General ATM Shahidul Islam, executive chairman of the BEPZA, Abu Reza Khan, member (engineering), AKM Mahbubur Rahman, member (finance) Md Shawkat Nabi, AZM Azizur Rahman, general manager (investment promotion) and other officials of the BEPZA were present at the signing ceremony.

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