KL firm to invest $12.57m in Karnaphuli EPZ
Unb, Dhaka
A Malaysian company is going to set up a garment manufacturing plant in Karnaphuli Export Processing Zone with an investment of US$12.57 million. The 100 percent foreign owned company -- M/s Whitex Garment (Bangladesh) Pvt Ltd -- will produce 39 million dozens of gents and ladies undergarments annually and create employment opportunity for 4,478 Bangladeshi and 21 foreign nationals. A lease agreement to this effect was signed between Bangladesh Export Processing Zones Authority (Bepza) and the company here on Thursday. Prasanta Bhushan Barua, member (Investment Promotion) of Bepza, and Tan Tong Suan, managing director of Whitex Garment (Bangladesh) Pvt Ltd, signed the deal on behalf of their sides.
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