India to invest $9.26M in Chattogram EPZ
Indian company M/s Sewtech
Fashion Limited will establish a Readymade Garments manufacturing industry in
Chattogram EPZ with an investment of $9.26 million.
The company, a sister concern of
India's largest apparel manufacturer Shahi Exports Pvt Ltd, has signed an
agreement with Bangladesh Export Processing Zones Authority (BEPZA) in this
regard today.
Member (Engineering) of BEPZA
Mohammad Faruque Alam and Director of Sewtech Fashion Limited Balagi Pavadai
signed the agreement at BEPZA Complex in Dhaka on behalf of their respective
organisations.
Issuing a press release, BEPZA
said it is receiving many investment proposals from both local and foreign
investors even amid the pandemic.
This fully foreign owned company
will produce 3.36 million pieces of ladies, kids and men's woven tops annually.
They will create employment opportunities for 3,393 Bangladeshi nationals.
Among others, member (Finance)
Nafisa Banu, Secretary Md Zakir Hossain Chowdhury and General Manager
(Investment Promotion) Md Tanvir Hossain of BEPZA were present at the signing
ceremony.