Business Desk :
Hong Kong-Sri Lanka-Switzerland owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ.
This fully foreign-owned company will invest $25.62 million where 3,086 Bangladeshi nationals will get employment opportunities, said a press release.
The tri-nation company will produce annually 4.4 million pcs of Jacket, Fleece Jacket, T-Shirt, Polo Shirt, Sweater, Trousers, Coverall, Stretch Pant, Denim Pant, Shorts, Shirt, Sweat-Shirt, Hi-Vis Shirt, and Vest.
It may be noted that A-One BD, a knitting and other textile factory of DEPZ, was shut down due to a business downturn. BEPZA has decided to take steps for the auction process considering the continuation of the investment flow and the employment of the workers.
Later, Gava Private Limited signed the agreement to purchase A-One BD Limited Company through the auction process and to run their business in Dhaka EPZ.
Bangladesh Export Processing Zone Authority (BEPZA) Member (Investment Promotion) Ali Reza Mazid and Gava Private Limited Director Prasanna Kumar Jayasinghe on Sunday signed an agreement to this effect on behalf of their respective organisations at the BEPZA Complex in Dhaka.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the agreement signing ceremony.
Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam were present during the signing ceremony.
