$10.84m RMG factory to be set up at Adamjee EPZ

A joint venture project between Canada and Bangladesh will set up a composite textile unit for knitwear manufacturing at the Adamjee Export Processing Zone, says a press release.
The plant, under the name M/S Rashid Composite Textile Ltd, will invest some 10.841 million US dollars to manufacture 3.75 lakh dozens of ready-to-wear knit garments.
An agreement was signed to this effect between Bangladesh Export Processing Zones Authority (Bepza) and Rashid Composite Textile Ltd on Sunday.
Bepza Member Prasanta Bhushan Barua and Rashid Composite Textile Managing Director Ali Bakhtiar Mahmud signed the deal in presence of Bepza Executive Chairman Brig Gen Ashraf Abdullah Yussuf.
The project is expected to create employment opportunities for over 500 Bangladeshi workers.