Business

S Korean company to invest $35m in BEPZA economic zone


Published : 26 May 2022 09:01 PM

South Korean company HKD Bangladesh Limited is  going to invest $35 million dollars to set up the tent, tent accessories, camping furniture and camping equipment manufacturing industry in the  economic zone of Bangladesh Export Processing Zone Authority (BEPZA). 

With the establishment of the industry, a total of 6,650 Bangladeshi  nationals will get employment opportunities. 

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Chief Operating  Officer (COO) of HKD Bangladesh Limited Chul Hee Kim signed an agreement to  this effect on behalf of their respective organizations at the BEPZA complex  here today, said a press release.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was  also present at the agreement-signing ceremony.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance)  Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir,  Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive  Director (Enterprise Services) Md. Khorshid Alam and Project Director of  BEPZA EZ Md. Hafizur Rahman were present during the signing ceremony.  HKD is a fully foreign-owned company started its operation in 1990 in  Chattogram EPZ. It would be the 5th venture of the HKD group with BEPZA.