Dhaka, Bangladesh (BBN) - London First Textile Limited, a UK company, will set up a garment manufacturing industry in Adamjee Export Processing Zone (EPZ) of Bangladesh.
This fully foreign owned company will invest US$ 6.468 million in setting up their unit that will manufacture garment items. The company will also create jobs for 2354 Bangladeshi nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and London First Textile Limited in BEPZA Complex in the capital on Thursday.
Sayed Nurul Islam, Member, (Investment Promotion), BEPZA, and Chad Miah, Managing Director of London First Textile Limited, signed the agreement on behalf of their respective organizations.
BBN/SSR/AD-28June12-9:20 pm (BST)
