China-Bangladesh joint venture Company M/s. CMZ
Zipper Sci & Tech (Bangladesh) Co., Limited has signed an investment agreement
with Bangladesh Export Processing Zones Authority (BEPZA) for establishing a
garments accessories industry in Adamjee EPZ. As a backward linkage industry,
the enterprise would contribute in reducing lead-time of RMG industry of the
country.
CMZ Zipper will invest US$ 11.50 million for
producing 134 million pcs of different kinds of Zipper, Button, Metal Rivet
& Eyelet, Badge, Buckle, Hook, Bar etc per annum. It will create employment
opportunities for 1303 Bangladeshi nationals.
In presence of Major General S M Salahuddin
Islam, BP, SPP, ndc, psc, the Executive Chairman of BEPZA, Mr. Zillur Rahman
ndc, Member (Investment Promotion) of BEPZA and Ms. Shao Minwei, Chairman of
M/s. CMZ Zipper Sci & Tech (Bangladesh) Co., Limited inked the deal on
behalf of their respective organizations at BEPZA Complex, Dhaka recently.
Among others, Mohammad
Faruque Alam, Member (Engineering), Mizanur Rahman, Member (Finance), Mr. Md.
Nabirul Islam, Secretary, Nazma Binte Alamgir, General Manager (Public
Relations) and Md. Tanvir Hossain, General Manager (Investment Promotion) of
BEPZA were also present during this time.
