Korean company to invest $4.8 million in CEPZ

http://www.bssnews.net/newsDetails.php?cat=2&id=201269&date=2011-09-20

Korean company to invest $4.8 million in CEPZ

DHAKA, Sept 20 (BSS) – A Korean company, M/s TK Outdoor Ltd, will invest about 4.8 million US dollars in the Chittagong Export Processing Zone (CEPZ) by setting up a garment accessory manufacturing industry, a press release said here today.

An agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s TK Outdoor Ltd, in the BEPZA Complex here today in this connection.

Md Moyjuddin Ahmed, Member (Investment Promotion) of BEPZA and J H Keum, Managing Director of M/s TK Outdoor Ltd. signed the agreement on behalf of their respective organizations.

BEPZA Executive Chairman Major General A T M Shahidul Islam, Member (Engineering) Abu Reza Khan, Secretary Md Shawkat Nabi, General Manager (Investment Promotion) A Z M Azizur Rahman, General Manager (Public Relations) Mahmud Hasan, among others were present at the signing ceremony. The investment is expected to create an employment opportunity for 360 Bangladeshi nationals, the press release said.

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