The New Nation - Internet Edition

NATION BUSINESS REPORT

M/s Footwear Manufacturing Company Limited, a Korean company will set up a shoe manufacturing industry at Karnaphuli Export Processing Zone.

This 100 per cent foreign-owned company will invest 12.5 million US dollars in setting up its unit and will produce to export annually 2.4 million pairs of leather footwear and accessories products. The company will also create employment opportunity for 2,155 Bangladeshis and five foreign nationals.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority and M/s Footwear Manufacturing Company Limited of Korea at the BEPZA Complex, Dhaka on December 24 last. Md Farhad Uddin, Member (Engineering) of BEPZA and Yang Young Sool, Managing Director of M/s Footwear Manufacturing Company Limited signed the agreement on behalf of their respective organisations.

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