Danish-Bangla firm to invest $6m in Ctg EPZ

M/s A&B Outerwear Ltd, a joint venture between Denmark and Bangladesh, is going to set up a garment manufacturing plant in Chittagong Export Processing Zone, says a press release.
The company will invest US$ 6 million and will create employment opportunity for 1002 Bangladeshis including 2 foreign nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (Bepza) and M/s A&B Outerwear in Dhaka recently.
Prasanta Bhushan Barua, member (Investment Promotion) of Bepza, and Imroze Ahmed, managing director of the company, signed the lease agreement, while Brig Gen Ashraf Abdullah Yussuf, Bepza executive chairman, among others, was present.