South Korean company M/s PH Creative (BD) Ltd. has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to establish a Camping items, Garments, Tent & Garments Accessories manufacturing industry in Mongla EPZ with an investment of US$ 4.15 million, said a press release.
Member (Investment Promotion) of BEPZA Md. Mahmudul Hossain Khan and Chairman of PH Creative (BD) Mr. Jin Ho Bae signed the agreement on Tuesday at BEPZA Complex in the capital on behalf of their respective organizations.
The Executive Chairman of BEPZA Major General Md Nazrul Islam, SPP, ndu, afwc, psc, G witnessed the signing ceremony.
The press release mentioned that BEPZA is receiving many investment proposals from both local and foreign investors even amid the pandemic. BEPZA is extending various facilities for the investors to cope with the pandemic and also working for a better economic recovery of the country.
This fully foreign owned company will produce annually 5 million pieces of Camping items like steel, aluminum & iron frame, tent, trolley bag, hand bag, sleeping bag, camping chair etc, shirt, jacket and Garment Accessories like PVC weir cover, PVC cap, Chair Patch, Hanger, J-hook, Cord Lock, SR Buckle, DB Buckle, Hammer, Peg, Carry Bag Board etc. They will create employment opportunity for 990 Bangladeshi nationals.
