British Virgin Islands company to invest $9m in Adamjee EPZ

http://www.bssnews.net/newsDetails.php?cat=0&id=180496&date=2011-05-29

British Virgin Islands company to invest $9m in Adamjee EPZ

DHAKA, May 29 (BSS)- Ribbon and Bow Factory Limited, a British Virgin Islands company, will set up a garment accessories manufacturing industry in the Adamjee Export Processing Zone.

This fully foreign-owned company would invest 9 million US dollars in setting up their unit that will manufacture all kinds of garment items. It will create jobs for 520 Bangladeshi nationals.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and Ribbon and Bow Factory Limited in BEPZA Complex, Dhaka recently.

A Z M Azizur Rahman, General Manager (Investment Promotion) of BEPZA and Chan Man Piu, Chairman of Ribbon and Bow Factory Limited signed the agreement on behalf of their respective organizations.

Major General A T M Shahidul Islam, Executive Chairman, Abu Reza Khan, Member (Engineering), A K M Mahbubur Rahman, Member (Finance), Md. Shawkat Nabi, Secretary, and other officials of BEPZA were present at the signing ceremony.

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