The New Nation - Internet Edition

India-HK jt venture to invest Tk 155cr in Adamjee EPZ BUSINESS REPORT An Indian-Hong Kong joint venture foreign company in the name & style M/s. Cosmopolitan Industries (Pvt) Limit

BUSINESS REPORT

An Indian-Hong Kong joint venture foreign company in the name & style M/s. Cosmopolitan Industries (Pvt) Limited is going to set up a garment accessories manufacturing industry in the Adamjee Export Processing Zone.

This 100 per cent foreign owned company will invest Tk 155 crore and will produce of garments items. The company will create employment opportunity for 1096 Bangladeshi and 16 foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the Messrs Cosmopolitan Industries (Pvt) Limited in BEPZA Complex, Dhaka on Wednesday.

General Manager (Investment Promotion) of BEPZA and Managing Director of Messrs Cosmopolitan Industries (Pvt) limited have signed the lease agreement on behalf of their respective organisations.

The Executive Chairman of BEPZA and other officials were present on the occasion.