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Monday, 15 July 2024
KEPZ to get $6m investment in RMG, bag manufacturing industry

KEPZ to get $6m investment in RMG, bag manufacturing industry

Staff Reporter

Ms HZ Outdoor International Company Limited is going to set up a Garments and Bag manufacturing industry in Karnaphuli Export Processing Zone (KEPZ) with an investment of $ 6.03 million.

An agreement to this effect was signed today (Sunday) between Bangladesh Export Processing Zones Authority (BEPZA) and HZ Outdoor International Company Limited at BEPZA Complex in the city, said a press release.

Member (Investment Promotion) of BEPZA Ali Reza Mazid and General Manager of Ms HZ Outdoor Roberto Haryono Go signed the agreement on behalf of their respective organisations.

The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

Fully foreign owned, this China-Taiwanese company will produce annually 3.08 million pcs of jackets, bags, shirt, pants, shorts, trousers, cap or hat, skirt, vest and shocks.

A total of 2202 Bangladeshi nationals will get employment opportunity in this factory.

Mentionable, there is another such type of factory named Ms HZ International Company Limited in Chattogram EPZ under the same owner.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Enterprise Services) Md Khorshid Alam and Additional Executive Director (Investment Promotion) Md Fazlul Haque Mazumder were present during the signing ceremony.

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