India-Bangladesh joint venture to invest $21m at Adamjee EPZ

http://www.bssnews.net/newsDetails.php?cat=0&id=174664&date=2011-04-27

India-Bangladesh joint venture to invest $21m at Adamjee EPZ

DHAKA, April 27 (BSS) – An India-Bangladesh joint venture company will set up a printing industry at Adamjee Export Processing Zone.

The company, Interlabels Robust Bangladesh (Pvt) Limited, will invest US Dollar 21 million in setting up their unit and will manufacture sequential labels and all types of Ribbon items.

It will also create employment opportunity for 99 Bangladeshi nationals, a press release of Bangladesh Export Processing Zones Authority (BEPZA) said.

An agreement to this effect was signed between the BEPZA and Interlables Robust Bangladesh (Pvt) Limited at BEPZA Complex here today.

Md Moyjuddin Ahmed, Member (Investment Promotion) of the BEPZA and Bhavin C. Kothari, Chairman of Interlabels Robust Bangladesh (Pvt) Limited, signed the agreement on behalf of their respective organizations.

Major General A T M Shahidul Islam, executive chairman of the BEPZA, was also present at the signing ceremony.

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