The New Nation - Internet Edition

BUSINESS REPORT

Messrs Orchid Towels (BD) Limited, a Bangladesh-Jordan joint venture company, will set up a textile and towel manufacturing industry in the Karnaphuli Export Processing Zone (KEPZ).

This jointly owned company will invest about Taka 49 crore and will produce 76,20,000 kgs of textile/towel items. The company will create employment opportunity for 1528 Bangladeshi and five foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the Messrs Orchid Towels (BD) Limited at BEPZA Complex, Dhaka recently. Member (Investment Promotion) of BEPZA and Chairman of Messrs Orchid Towels (BD) Limited signed the lease agreement on behalf of their respective organisations.

Officials of BEPZA and Messrs Orchid Towels (BD) Limited were present on the occasion.