Dhaka, Bangladesh (BBN) – Japanese company M/s Maruhisa Pacific Co Limited will set up a knit, woven garments and textile industry at Adamjee Export Processing Zone (EPZ) in Bangladesh.

Member (Engineering) of BEPZA M Mahbub Ul Alam and president of M/s Maruhisa Pacific Co Limited Kiminobu Hiraishi signed the agreement on behalf of their respective organizations in the city recently.

This hundred per cent foreign owned company will invest US$15 million in setting up its unit and will produce knit, woven garments and textile.

It will also create employment opportunity for 1,570 people including 257 foreign nationals.

BBN/SS/SI/AD-22May09-1:46 am (BDT)