Indo-Bangla joint venture firm to invest $2.95m in Ishwardi EPZ

M/s Khyaati Leather Innovations BD Ltd, a India-Bangladesh joint venture company, is going to set up a garments accessories & bags manufacturing industry in Ishwardi Export Processing Zone.  

The company will invest $2.95 million in this project. 

M/s Khyaati Leather Innovations BD Ltd signed an agreement to this effect with Bangladesh Export Processing Zones Authority (Bepza) and at the Bepza Complex in the capital, said a media statement. 

In presence of Bepza executive chairman Major General Md Nazrul Islam, Bepza member (Investment Promotion) Md Mahmudul Hossain Khan and Khyaati Leather chairman Pravin Satyapal Uppal signed the agreement recently (19 May) on behalf of their respective organisations.

The company will produce annually 40-50 million pieces of Back Patches- Paper/PU/Leather, Heat Seal labels, Silicon Labels, Belts- PU/Leather, Printed Fabrics (Coated & Uncoated), Buttons, Rivets, Metal/ Plastic IDs, Metal & Plastic Eyelets, Lock-pin, Hanging Accessories, Fabric Label, Hang Tags/Stickers, Laces, Shoe Sole, Shoe Upper, Bags, all types of fashionable Tapes, Taffeta labels, Woven Labels and Knitted & Fabric Belts etc. 

The garments accessories manufacturing unit will create employment opportunities for 116 Bangladeshi nationals. 

BEPZA is trying its best to attract local & foreign investment in the EPZs even during the Covid-19 pandemic. 

Among others, member (Engineering) Mohammad Faruque Alam, member (Finance) Nafisa Banu, secretary Md Zakir Hossain Chowdhury, general manager (Public Relations) Nazma Binte Alamgir and general manager (Investment Promotion) Md Tanvir Hossain of Bepza were present at the signing ceremony.