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Bangladeshi co to invest $1.14m in Dhaka EPZ

  • Staff Correspondent
  • 13 August, 2021 12:00 AM
  • Print news
Bangladeshi co to invest $1.14m in Dhaka EPZ
BEPZA Member (Engineering and Investment Promotion) Mohammad Faruque Alam and Label Makers Managing Director Md Shahriar exchange documents after signing an agreement at BEPZA Complex in the capital on Thursday.

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Label Makers Limited is going to establish a garments accessories industry in Dhaka EPZ with an investment of $ 1.14 million.

In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Label Makers Limited at BEPZA Complex in the capital on Thursday, said a press release.

Member (Engineering and Investment Promotion) of BEPZA Mohammad Faruque Alam and Managing Director of Label Makers Limited Md Shahriar inked the agreement on behalf of their respective organisations.

The company will produce annually 1633 million pieces of label, hang tag, elastic, paper packaging, seal cord, loop, self adhesive sticker, RFID label, poly bag, biodegradable poly bag, pet film image and heat transfer label.

The label maker company will create employment opportunity for 285 Bangladeshi nationals.

Among others, Secretary Md Zakir Hossain Chowdhury, General Manager (PR) Nazma Binte Alamgir and General Manager (IP) Md Tanvir Hossain of BEPZA were present on the occasion.