ADAMJEE EPZ
China-Bangladesh joint venture to invest $11.50m
BSS, Dhaka
China-Bangladesh joint venture Company M/s CMZ Zipper Sci and Tech (Bangladesh) Company Limited has signed an investment agreement with Bangladesh Export Processing Zones Authority (BEPZA) for establishing a garment accessories industry in Adamjee EPZ (AEPZ).
In presence of BEPZA Executive Chairman Major General S M Salahuddin Islam, Member (Investment Promotion) of BEPZA Zillur Rahman and Chairman of the M/s CMZ Zipper Sci and Tech (Bangladesh) Company Limited Shao Minwei inked the deal recently on behalf of their respective organizations at BEPZA Complex in the
capital, said a press release yesterday.
Under the agreement, CMZ Zipper will invest US$ 11.50 million for producing 134 million pcs of different kinds of zipper, button, metal rivet and eyelet, badge, buckle and hook annually.
The industry will create employment opportunities for 1303 Bangladeshi nationals.
Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Mizanur Rahman, Secretary Md Nabirul Islam and General Manager (Public Relations) Nazma Binte Alamgir were present at the agreement signing function.
