The New Nation - Internet Edition

BUSINESS REPORT

M/s. Xin Chang Shoes (BO) limited a Taiwan company will set up a Shoe Manufacturing Industry in the Comilla Export Processing Zone.

The 100% foreign owned company will invest about Taka 55 crore in setting up their plant and will produce to export annually one million pairs of Shoes. The company will also create employment opportunity for 1267 people including 30 foreign nationals.

An agreement on the issue was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the M/s. Xin Chang Shoes (BO) limited in BEPZA Complex in the city on Wednesday.

Prasanta Bhushan Barua, Member (Investment Promotion) of BEPZA and Chien Te Ho, President of the company signed on the agreement on behalf of their respective organisations.

Brig General Jamil Ahmed Khan, Executive Chairman of BEPZA and other officials from respective organisations were present on the occasion.