The New Nation - Internet Edition

BUSINESS REPORT

A Netherlands-Singapore joint venture company, Mainetti (Bangladesh) Pvt Limited, will set up an industry for manufacturing garment accessories in the Dhaka Export Processing Zone (DEPZ) with an involvement of 8.0 million US dollars, reports BSS.

The one hundred per cent foreign-owned company would produce plastic hangers and create an employment opportunity for 100 Bangladeshis.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Mainetti (Bangladesh) Pvt Limited in the BEPZA Complex in the city on Thursday.

The general manager (Investment Promotion) of BEPZA and the operations manager of Mainetti (Bangladesh) Pvt Limited signed the lease agreement on behalf of their respective organisations.

The Executive Chairman of BEPZA and other officials were present on the occasion, a BEPZA press release said.

Besides, another Hong Kong-British Virgin Island joint venture company M/s Intimate Apparel Limited will set up a garment industry in the Karnaphuli Export Processing Zone (KEPZ).

The one hundred per cent foreign company will invest 5.59 million US dollars and produce garment items. The company will create jobs for 827 Bangladeshis and eight foreign nationals.

The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the Intimate Apparel Limited at its office in the city recently.