Local company to invest $4.8m in Mongla EPZ

ASM Packall Export Industry has signed an agreement with the Bangladesh Export Processing Zone Authority (Bepza) to invest $4.8 million to establish a garment accessories plant in the Mongla Export Processing Zone (Mongla EPZ).

Ali Reza Mazid, member (investment promotion) of Bepza, and Md Ashraful Alam, managing director of ASM Packall Export Industry, inked the deal to this effect at Bepza Complex in Dhaka, said a press release.

The investment will create an employment opportunity for 400 Bangladeshi nationals.

The company will annually produce one lac metric tonnes of different types of bags, zipper, elastic, tape, tag, label, board, paper band, photo card, bar code, collar stand and butterfly.

Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza, was present.