The New Nation - Internet Edition

BUSINESS REPORT

Messrs La Luna Shoes (BD) Limited, a Taiwanese company will set up a shoe manufacturing industry in the extension area (CSD) of Karnaphuli Export Processing Zone.

This 100 per cent foreign-owned company will invest about Tk 138 crore in setting up its plant and will produce to export annually 2,500,000 pairs of shoes of various types. The company will also create employment opportunity for 2,344 Bangladeshi and 115 foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the Messrs La Luna Shoes (BD) Limited in BEPZA Complex, Dhaka recently. Prasanta Bhushan Barua, Member (Investment Promotion) of BEPZA and Chiu Po Yu, Managing Director of Messrs La Luna Shoes (BD) Limited signed the agreement on behalf of their respective organisations.