The New Nation - Internet Edition

BSS, Dhaka

A British company, Oasis Transformation Ltd, will set up an agro processing industry in Uttara Export Processing Zone by investing Taka four crore.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the British company at the BEPZA complex here on Thursday, said a BEPZA press release.

The 100 per cent foreign owned company will produce, among other things, interior screens, tableware, tables and chairs from local bamboo. It will create employment for 46 Bangladeshis.

Member (Investment Promotion) of the BEPZA and Managing Director of the Oasis Transformation inked the agreement on behalf of their respective sides.

BEPZA Executive Chairman Brig Gen Jamil Ahmed Khan and officials of both sides were present on the occasion.