NetWorld to invest $1m in Summit Technopolis
NetWorld Holdings will invest $1 million in Summit Technopolis to build a facility that will print magnetic ink character recognition (MICR) cheque books.
The investment will be raised to $10 million in phases. The facility will be set up on a two-acre land at Bangabandhu Hi-Tech City in Gazipur’s Kaliakair, Summit said in a statement yesterday.
Abu Reza Khan, managing director of Summit Technopolis, and Sabik Rahman, managing director of NetWorld Holdings, signed a lease agreement at ICT Tower in the capital’s Agargaon in this regard.
Summit Technopolis, a company of Summit Group, will provide related infrastructural support to NetWorld Holdings.
The plant is likely to commence operations by early 2020.
Zunaid Ahmed Palak, state minister for ICT; Hosne Ara Begum, managing director of Bangladesh Hi-Tech Park Authority; Farid Khan, vice chairman of Summit; Fadiah Khan, group director, were present at the signing ceremony.
NetWorld Holdings, a sister concern of NetWorld Group, provides ICT-based products and services. The group has been providing complete ATM management services in Bangladesh since 2008.
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