Indian co to invest $ 4.54m in AEPZ

http://thenewnationbd.com/newsdetails.aspx?newsid=22559

Indian co to invest $ 4.54m in AEPZ

Business Report

M/s. Simba Fashions Ltd, a Indian company, will set up a readymade garments industry in Adamjee Export Processing Zone (AEPZ).  This fully foreign owned company will invest about 4.54 million US Dollar in setting up their unit and will manufacture woven garments related items. The company will also create employment opportunity for 2,264 Bangladeshi nationals.

An agreement to this effect was signed recently between the Bangladesh Export Processing Zones Authority and M/s. Simba Fashions Limited at BEPZA Complex in the city.

AZM Azizur Rahman, General Manager (Investment Promotion) of BEPZA and Gaurav Nagpal, Director of M/s. Simba Fashions Ltd signed the agreement while Major General ATM Shahidul Islam, ndu, psc, Executive Chairman, AKM Mahbubur Rahman, Member (Finance), Md. Shawkat Nabi, Secretary, Mahmud Hasan, General Manager (Public Relations) and other BEPZA officials were present at the signing ceremony.

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