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Northern export processing zone’s first project |
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September 13, 2000
Dhaka (UNB) – Bangladesh Export Processing Zones Authority (BEPZA) has sanctioned the first industrial project for the Ishwardi EPZ. Musk Apparels Ltd will invest US dollars 6 lakh equivalent to about Tk 3.6 crore in the project with 100 percent local ownership. The enterprise will produce jackets and trousers and is expected to create employment opportunities for about 400 Bangladeshi workers. It is likely to start constructing their factory building in Ishwardi EPZ very soon. In the first year of production, the company will export goods worth about US dollars 20.5 lakh. Subsequently, the production capacity will increase upto US dollars 27.3 lakh in the 5th year of its operation, said a press release yesterday. The development work of Ishwardi EPZ is now in the final stage and expected to come into operation by the end of this year. For the first project, a lease agreement of the land was signed here yesterday. BEPZA member M Abdul Aziz Sarkar and Managing Director of Musk Apparels Ltd M Akram Ali Khan signed the deal. Other Board members of the Authority were present on the occasion. |