Canadian co to invest $1.289m in Adamjee EPZ
UNB, Dhaka
Canadian company Hy-Lan Sweater International Limited will set up a computerised hi-speed sweater manufacturing factory in Adamjee Export Processing Zone (EPZ).The wholly foreign owned company will invest US$ 1.289 million -- the first in Adamjee EPZ - to manufacture annually 3.6 million pieces of sweater and knitwear. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (Bepza) and Hy-Lan Sweater International Ltd here yesterday. Member (investment promotion) of Bepza Md Shahjahan and Director of Hy-Lan Sweater International Isaac Cohen signed the lease agreement on behalf their respective organizations.
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