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Gava to invest $25.62mn on RMG sector at Dhaka EPZ

Hong Kong-Sri Lanka-Switzerland-owned company Ms Gava Private Limited is going to invest $25.62 million to set up RMG factory at Dhaka Export Processing Zone (DEPZ). This project will create about 3,086 employment opportunities for Bangladeshi nationals.

Gava-invest-$25-million-RMG-sector-Dhaka-EPZ
Figure: DEPZ mentioned that Gava Private Limited signed the agreement to purchase the A-One BD Limited Company through auction process and to run their business here. Courtesy: Collected

DEPZ mentioned that Gava Private Limited signed the agreement to purchase the A-One BD Limited Company through auction process and to run their business here. Earlier DEPZ’s Italian knitting factory A-One BD, were shut down due to a business downturn. After that the Bangladesh Export Processing Zone Authority (BEPZA) has decided to take steps for the auction process to continue the investment flow along with workers’ employment.

According to DEPZ officials, Gava 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.

In the signing ceremony, Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Prasanna Kumar Jayasinghe, Director of Gava Private Limited signed on behalf of their respective organizations at BEPZA Complex in the city. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, NDC, psc witnessed the agreement.

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) and Md Khorshid Alam were present with others during the signing ceremony.

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