South Korean RMG Co to invest $5.23m in CEPZ

South Korean Company Ms JW Apparel Limited is going to establish a Readymade Garment (RMG) industry with an investment of US$ 5.23 million in Chattogram Export Processing Zone (CEPZ).

An agreement to this effect on Monday signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Ms JW Apparel Limited at BEPZA Complex in the city, reports BSS.

Member (Investment Promotion) of BEPZA Zillur Rahman and Managing Director of Ms JW Apparel Limited Ms Ji Won Oh inked the agreement on behalf of their respective organizations.

BEPZA Executive Chairman Major General S M Salahuddin Islam witnessed the signing ceremony.

This fully foreign owned company will produce annually 2.1 million pcs of various kinds of apparels specially jackets, pants, vest and blanket.

JW Apparel will create employment opportunity for 1,338 Bangladeshi nationals.

Among others, BEPZA Member (Finance) Mizanur Rahman, General Manager Nazma Binte Alamgir and General Manager Md Tanvir Hossain were present on the

occasion.