Local finished fabric plant soon in Adamjee EPZ
UNB, Dhaka
Yassma Knitting and Dyeing Limited, a fully Bangladeshi owned company, will set up a knitted and dyed-finished fabrics plant in Adamjee Export Processing Zone. This local company will invest US$ 2.781 million to manufacture 1.7 million kgs of knitted and dyed finished fabrics annually, according to a press release. Bangladesh Export Processing Zones Authority and Yassma Knitting and Dyeing Limited in Dhaka signed an agreement to this effect Monday. Prasanta Bhushan Barua, member (investment promotion) of BEPZA and Mohammad Yousuf, Managing Director of Yassma Knitting and Dyeing Limited signed the lease agreement on behalf of their respective sides. The company will create employment opportunity for 272 Bangladeshi and two foreign nationals. It will be the 10th industrial units in Adamjee EPZ.
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