The New Nation - Internet Edition

BSS, Dhaka

Messrs. World Ye Dress Pants Limited, a US-Chinese company in the Chittagong Export Processing Zone, is to expand its garments accessories unit with more investment and creation of new jobs for the Bangladeshis.

The 100% foreign owned company will enhance their production capacity with additional investment of $2.5 million, totaling the amount to $5 million, a press release of the Bangladesh Export Processing Zones Authority (BEPZA) said here on Sunday.

At present, 998 Bangladeshis are working in this factory and the job opportunities for an additional 500 are expected to be created after implementation of the expansion programme, the press release said.

A lease agreement to this effect was signed between the BEPZA and the company recently. BEPZA Executive Chairman Brigadier General Ashraf Abdullah Yussuf, among others, was present on the occasion.