To keep the economic drive moving fully, M/s. RSS Thread & Accessories Limited is going to establish a Garments Accessories Industry with an investment of US$ 6 million in Ishwardi EPZ, said a press release on Monday.
The 100 percent Bangladeshi owned this company will produce annually 100.2 million pcs of RFID & Adhesive Label, Paper Tag/Card, Corrugated Carton, 33 million yards of Narrow Fabric and 15.5 sq meters of corrugated Board. RSS Thread & Accessories will create employment opportunity for 485 Bangladeshi nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s. RSS Thread & Accessories Limited at BEPZA Complex in Dhaka on Monday.
BEPZA member (Engineering) Mohammad Faruque Alam and M/s. RSS Thread & Accessories Limited chairman Md Abdun Noor inked the agreement on behalf of their respective organizations.
BEPZA executive chairman Major General S M Salahuddin Islam witnessed the signing ceremony.
Among others, BEPZA general manager (Public Relations) Nazma Binte Alamgir and general manager (Investment Promotion) Md Tanvir Hossain were present during the occasion.