Chinese co to invest $57.52m
A Chinese company, M/S Sonic (Bangladesh) Ltd, will invest US$ 57.52 in Uttara Export Processing Zone (EPZ) for manufacturing collectible items including toys.
A press release yesterday said the company would create employment opportunities for over 5,000 people.
The agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and the company at BEPZA complex in the city yesterday.
Member (Investment Promotion) of BEPZA Sayed Nurul Islam and Chairman of M/S Sonic (Bangladesh) Ltd Ben C Y Wong signed the agreement on behalf of their respective sides.
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