Deal signed to set up sweater factory in Comilla EPZ
UNB, Dhaka
A Hong Kong-Mauritius joint venture yarn dyeing and sweater manufacturing industry will be set up in Comilla Export Processing Zone involving US$ 5.77 million investment.The 100 percent foreign owned company -- Nor-Pearl Knitwear Ltd -- will annually produce 4.36 million lbs of dyed yarn and 2.70 million pieces of sweaters, pullover and cardigans. The industry will create employment opportunities for 2,421 Bangladeshi and 17 foreign nationals. A lease agreement on setting up of the factory was signed between Bangladesh Export Processing Zones Authority (Bepza) and the company on Wednesday. General Manager (Investment Promotion) of Bepza AZM Azizur Rahman and Director of the company Karkala Raja Rao signed the agreement. Among others, Executive Chairman of Bepza M Zakir Hossain, Member (Finance) M Shajahan and Secretary M Mahbub-ul-Alam were present at the agreement signing ceremony, said a press release.
| 
