Wednesday, 22 September, 2021

South Korea to invest $4.15m in Mongla EPZ

  • Staff Correspondent
  • 14 September, 2021 12:00 AM
  • Print news
South Korea to invest $4.15m in Mongla EPZ

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South Korean company M/s. JD Creation 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 (Engineering and Investment Promotion) of BEPZA Mohammad Faruque Alam and Managing Director of JD Creation Limited Seung Chul Kim signed the agreement on Monday at BEPZA Complex in Dhaka on behalf of their respective organizations, said a press release.

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

The fully foreign owned company will produce annually 4.85 million pieces of camping items like tent, sleeping bags, bag, camping chair, hat and cap, woven garments like shirt, jacket and 2.02 million Yds of printing, embroidery, string and elastic band.

They will create employment opportunity for 1990 Bangladeshi nationals.

Mentionable, U-jin Led Co. (BD) Ltd. an electronics and electrical goods manufacturing company of the same owner has been operating business in Chattogram EPZ since 1989.

They are going to set up this company as their second venture in Mongla EPZ being pleased with the services and overall investment climate of BEPZA.

Among others, Member (Finance) Nafisa Banu, Secretary Md. Zakir Hossain Chowdhury, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Investment Promotion) Md. Tanvir Hossain and General Manager (Enterprise Services) Md. Khorshid Alam of BEPZA were present at the signing ceremony.