Helsa Icon Bangladesh Limited, an India-Germany-owned joint venture company, is going to invest $1.02 million and set up a garment accessories manufacturing industry at Adamjee Export Processing Zone (EPZ) in Siddhirganj, Narayanganj.
Helsa Icon will produce annually 10 million pairs of shoulder pads and 0.75 million pairs of sleeve heads. It will also create job opportunities for 126 Bangladeshis.
Bangladesh Export Processing Zones Authority (BEPZA) and Helsa Icon Bangladesh Limited signed an agreement to this effect at the BEPZA Complex in Dhaka on Wednesday, according to a press release.
BEPZA Member (Investment Promotion) Ali Reza Mazid and Helsa Icon Managing Director Aartee Patil signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman was present at the signing ceremony alongside other officials concerned.
Among others, Executive Director (Administration) A N M Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam were present at the ceremony.