A & B Outerwear Ltd to set up garment manufacturing Industry

Dhaka: A and B Outerwear Limited, a Denmark-Bangladesh joint venture company, is going to set up a garment manufacturing industry in the Chittagong Export Processing Zone with an investment of $6 million.

The company will produce 2,500,000 pieces of garment items annually and create employment opportunity for 1002 Bangladeshis as well as two foreign nationals. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority, and A and B Outerwear, at the BEPZA Complex in the city on Thursday.

Prasanta Bhushan Barua, member (investment promotion) of BEPZA and Major (retd) Imroze Ahmed, managing director of A and B Outerwear Limited, signed the lease agreement on behalf of their respective organisations.

Among others, Brig Gen Ashraf Abdullah Yussuf, executive chairman, member (engineering) Md Farhad Uddin, member (finance) AKM Mahbubur Rahman, secretary BM Kamal, and general manager AZM Azizur Rahman of BEPZA were present at the agreement signing ceremony.