South Korean company OCF Co. Limited is set to invest US$8.06 million in Mongla Export Processing Zone (Mongla EPZ), reports UNB.
The company will establish a tent manufacturing, tent accessories, camping furniture, furniture accessories, and bag industry. The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company in this regard at the BEPZA Complex in Dhaka on Wednesday.
Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Hyun Gil Kim, Chairman of OCF Co Ltd, signed the agreement on behalf of their respective organisations. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the signing ceremony.
The company plans to produce tents, tent furniture accessories, camping chairs & tables, aluminum, carbon, ski & trekking poles, mountain & walking sticks, bed cots, stands, pet furniture, arrow, and all types of bags that will create employment opportunities for 820 Bangladeshi nationals.
Source: The Financial Express
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