Bangladeshi company to invest $ 9.3m in Uttara EPZ

http://www.bssnews.net/newsDetails.php?cat=0&id=208395&date=2011-10-26

Bangladeshi company to invest $ 9.3m in Uttara EPZ

DHAKA, Oct 26 (BSS) – M/s Section Seven International Limited, a Bangladeshi company will invest about 9.3 million US dollar in the Uttara Export Processing Zone (EPZ) by setting up a Garments, Embroidery and Garments Washing and related backward industry, a press release said here today.

An agreement was signed between Bangladesh Export Processing Zone Authority (BEPZA) and M/s Section Seven International Limited in the BEPZA complex here today in this connection.

AZM Azizur Rahman, General Manager (Investment Promotion) of BEPZA and Shahadat Musharraf Khan, Managing director of Section Seven signed the agreement on behalf of their respective organizations.

BEPZA Executive Chairman Major General ATM Shahidul Islam, Secretary Md Shawkat Nabi, General Manager (Public Relations) Mahmud Hasan and other officials of BEPZA were present at the signing ceremony.

The investment is expected to create an employment opportunity for 3,316 Bangladeshi nationals.

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