The New Nation - Internet Edition

NATION BUSINESS REPORT

M/s Young An Hat (BD) Limited a Korean company will set up a cap manufacturing industry in Chittagong Export Processing Zone.

This 100 per cent foreign owned company will invest US$9.996 million to set up their unit and will produce hats and caps. The company will also create employment opportunity for 1,520 Bangladeshi and three foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the M/s Young An Hat (BD) Limited in BEPZA Complex, Dhaka on January 4 last.

Prasanta Bhushan Barua, Member (Investment Promotion) of BEPZA and Kyoung Seb Shin, Director of M/s Young An Hat (BO) Limited signed the agreement on behalf of their respective organizations.

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