OCF Company Limited, a South Korean company, is set to invest $8.06 million in Mongla Export Processing Zone, said a press release.
Bangladesh Export Processing Zones Authority member (investment promotion) Md Ashraful Kabir and OCF Company chairman Hyun Gil Kim signed an agreement in this regard on Wednesday at BEPZA Complex in the capital.
BEPZA executive chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
The company plans to produce tent, tent and furniture accessories, camping chair and table, aluminium, carbon, ski and trekking pole, mountain and walking stick, bed cot, stand, pet furniture, arrow, and all type of bags, creating employment opportunities for 820 Bangladeshi nationals.
Among others, BEPZA member (engineering) Md Imtiaz Hossain, member (finance) ANM Foyzul Haque, executive director (investment promotion) Md Tanvir Hossain and executive director (public relations) ASM Anwar Parvez were present.
BEPZA chief said that BEPZA always encouraged investment in producing diversified products.
As this is the company鈥檚 second project under the BEPZA, he thanked OCF Company for its continued trust in the BEPZA and requested it to act as an ambassador for bringing more South Korean investment to Bangladesh, especially in the EPZs.
