Dhaka, Bangladesh (BBN) – A Bangladeshi Company will invest US$ 5.097 million in the Adamjee EPZ for setting up a Paper Based Garments Accessories and Manufacturing Industry.

The 100 percent local company will create employment opportunity for 422 Bangladesh nationals, according to a press statement.

An agreement, to this effect, was signed between the Bangladesh Export Processing Zones Authority and M/s Hanzee Industrial Company Ltd in BEPZA Complex in the capital, Dhaka on Sunday.

Moyjuddin Ahmed, member of (Investment Promotion) of BEPZA and Managing Director Shahab Uddin Khan of the company signed the agreement on behalf of their respective organizations.

BBN/S/SS/AD-28December09-12:35 am (BST)