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Joint Venture Accessories Company to Invest $6.25m in DEPZ

M/s Experience Accessories Co. Ltd will set up a garment accessories industry in Dhaka Export Processing Zone (DEPZ). The company is a joint venture among UK, Pakistan and Bangladesh. The manufacturing line will produce carton, woven and printed label, yarn, poly-bag, button and interlining. They are going to produce non-woven interlining also as well as woven.

Total projected investment is USD 6.25. This will create employment opportunity for at least 198 Bangladeshi and some other foreign nationals. Recently Bangladesh Export Processing Zones Authority (BEPZA) and M/s Experience Accessories Co Ltd has signed an agreement in this regard.

On be half of the respective organization General Manager of BEPZA Mr. AZM Azizur Rahman and Managing Director of the above company Mr. Maqsood Ahmed signed the agreement at the BEPZA complex. The concerns express hope about the investment as it may reduce the import of the accessories for the garment industries.

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