A Bangladesh-Italy joint venture company will set up a light engineering industry in Mongla Export Processing Zone.
TA and PA Engineering Products Limited will invest $4.5 million in setting up its unit to manufacture welded wire mesh, fibre glass mesh, RIB leth and angle band items.
The company will create employment opportunity for 279 Bangladeshi nationals.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and TA and PA Engineering Products Limited in BEPZA Complex in Dhaka on Tuesday.
Md Moyjuddin Ahmed, member (investment promotion) of BEPZA and Tapas Chandra Paul, managing director of the company, signed the agreement on behalf of their respective organisations.
BEPZA executive chairman Major General ATM Shahidul Islam, secretary Md Shawkat Nabi and other officials of BEPZA were present at the signing ceremony.
Source : New Age
