Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 796 Tue. August 22, 2006  
   
Business


$2m Korean RMG plant in Dhaka EPZ soon


A Korean company will invest $2 million for setting up of a garment manufacturing plant in Dhaka Export Processing Zone.

The 100 percent foreign owned company, M/s Coba Fashions and Apparel company, will manufacture annually about 1.8 million pieces of trousers, jacket, track suit, jersey, T-shirt, woven shirt and garments products. It will also create employment opportunities to 853 Bangladeshi nationals and eight foreigners.

Coba Fashion Ltd is the sister concern of cap manufacturing company M/s Dada (Savar) Ltd of Dhaka EPZ. They will operate their plant in their own factory building.

In the regards, the Bangladesh Export Processing Zones Authority (BEPZA) has given a sanction letter to the M/s Coba Fashion and Apparel Garments Manufacturing Company Ltd in Dhaka yesterday.