China to invest $ 9.11m in Adamjee EPZ
Cherry Button Limited (CBL) - a Chinese company will invest US$ 9.11 million to set up a garment accessories manufacturing industry in Adamjee Export Processing Zone (EPZ).
In this connection, an agreement was recently signed between Bangladesh Export Processing Zones Authority (BEPZA) and CBL at BEPZA Complex in the capital, said a press release.
BEPZA Member (Investment Promotion) Zillur Rahman and Cherry Button Limited Chairman Ma Miaoyan signed the agreement.
BEPZA Executive Chairman Major General SM Salahuddin Islam, Member (Engineering) Mohammad Faruque Alam, Project Director (BEPZA Economic Zone) Md. Hafizur Rahman, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md Tanvir Hossain also attended the signing ceremony.
This fully foreign owned company will produce annually 1,440 million pieces of button and 50 million pieces zipper.
Around 366 Bangladeshi nationals will get employment opportunity in the Chinese company.