Chinese firm invests $49.5m in Uttara EPZ

http://www.daily-sun.com/details_ds-chinese-firm-invests-$49.5m-in-uttara-epz_385_1_3_1_6.html

Chinese firm invests $49.5m in Uttara EPZ

A Chinese company will set up an optical frame and sunglasses manufacturing industry in the Uttara Export Processing Zone, a press release of Bangladesh Export Processing Zone Authority (BEPZA) said here yesterday.

This fully foreign owned company will invest about $49.525 million in setting up their unit and manufacture optical frame, sunglasses items. The company will also create employment opportunity for 5176 Bangladeshi nationals.

An agreement to this effect was signed between the BEPZA and the Chinese firm Mazen (Bangladesh) Industries on the BEPZA Complex here yesterday.

AZM Azizur Rahman, General Manager (Investment Promotion) of the BEPZA and Cheung Lai Hing, Director of Mazen (Bangladesh) Industries signed the agreement on behalf of their respective organizations. —BSS

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