S Korean co to invest $4.15m in Mongla EPZ

Staff Correpndent

9 June, 2021 12:00 AM printer

S Korean co to invest $4.15m in Mongla EPZ

BEPZA Member (Investment Promotion) Md Mahmudul Hossain Khan and PH Creative (BD) Chairman Jin Ho Bae exchange documents after signing an agreement at BEPZA Complex in the capital on Tuesday.

South Korean company PH Creative (BD) Limited has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to establish a camping items, garments, tent and garments accessories manufacturing industry in Mongla EPZ with an investment of US$ 4.15 million.

Member (Investment Promotion) of BEPZA Md. Mahmudul Hossain Khan and Chairman of PH Creative (BD) Jin Ho Bae signed the agreement on Tuesday at BEPZA Complex in the capital on behalf of their respective organizations, said a press release.

The Executive Chairman of BEPZA Major General Md Nazrul Islam, witnessed the signing ceremony.

Mentionable that BEPZA is receiving many investment proposals from both local and foreign investors even amid the pandemic. BEPZA is extending various facilities for the investors to cope with the pandemic and also working for a better economic recovery of the country.

The foreign-owned company will produce annually 5 million pieces of camping items like steel, aluminum and iron frame, tent, trolley bag, hand bag, sleeping bag, camping chair etc, shirt, jacket and garment accessories like PVC weir cover, PVC cap, chair patch, hanger, J-hook, cord lock, SR buckle, DB buckle, hammer, peg, carry bag board etc.