Canadian company invests $6.08m in Chittagong EPZ

http://www.theindependentbd.com/business/finance/40362-canadian-company-invests-608m-in-chittagong-epz.html

Canadian company invests $6.08m in Chittagong EPZ
STAFF REPORTER

Dhaka Mar 21: Industrial Hand Protection Limited, a Canadian company, will set up a textile and garment industries in the Chittagong export processing zone. This fully foreign owned company will invest 6.08 million US Dollar in setting up their unit and. will manufacture Industrial safety products including yarn, fabric and garments item.

The company will also create employment opportunity for 402 Bangladeshi nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and industrial hand protection limited in BEPZA Complex, Dhaka on Monday. Md. Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA and Hussain Kassam, Managing Director of Mis. Industrial Hand Protection Limited signed the agreement on behalf of their respective organizations.

Major General A T M Shahidullslam, ndu, psc, executive chairman, Abu Reza Khan, member (Engineering), 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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