The New Nation - Internet Edition

A joint venture company of Bangladesh-Denmark in the name & style M/s. A & B Outerwear Limited is going to set up a garments manufacturing industry in the Chittagong Export Processing Zone.

The 100 pc foreign owned company will invest US$ 6 million and will produce 2,500,000 pcs of apparel iems.

The company will create employment opportunity for 1002 Bangladeshi including two foreign nationals.

An agreement to this effect was signed between the Bangladesh Export P.rocessing Zones Authority and the M/s. A & B Outerwear limited in -BEPZA Complex, Dhaka Jan 17. Prasanta Shushan Barua, Member (Investment Promotion) of BEPZA and Major; (Retd) Imroze Ahmed, Managing Director of M/s. A & B Outerwear limited signed the lease agreement on behalf of their respective organisations.

Among others Brig. General Ashraf Abdullah Yussuf, Executive Chairman, Member (Engineering) Md. Farhad Uddin, Member (Finance) AKM Mahbubur Rahman, Secretary Mir. BM Kamal, General Manager (Investment Promotion) AZM. Azizur Rahman and other officers of BEPZA were present at the signing ceremony.