Factory in Karnaphuli EPZ to employ 2,025 locals
Unb, Dhaka
China and Japan will invest US$ 6.598 million to set up a finished leather footwear and leather goods and related component plant in Karnaphuli Export Processing Zone.The joint venture company, known as M/s Paolo Footwear (BD) Ltd, will annually produce 15 lakh pairs of shoes. It will also create an employment opportunity for 2,025 Bangladeshis and 27 foreign nationals. An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (Bepza) and M/s Paolo Footwear (BD) Ltd here recently. Prashanta Bhusan Barua, member (Investment Promotion) of Bepza and Cheng Tang Huang, Managing Director of Paolo Footwear (BD) Ltd, have signed the lease agreement on behalf of their respective organisations, said a press release.
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