South Korean co to set up jewellery industry in Uttara EPZ

South Korean company M/s Smile Arts Co, Ltd is going to set up a jewellery manufacturing industry in Uttara Export Processing Zone (Uttara EPZ).

To this end, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this effect at BEPZA Complex in the city, said a press release issued on Tuesday.

Ali Reza Mazid, a Member (Investment Promotion) of BEPZA and Shin Hyoung Ki, Managing Director of Smile Arts Co Ltd signed the agreement on behalf of their respective organizations.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

The company will invest US$ 2 million to produce annually 40 million units of Costume Jewelry, Sterling Silver Jewelry and Gemstone Jewelry where 300 Bangladeshi nationals will get employment opportunities.

Among others, Member (Finance) Nafisa Banu, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir and Additional Executive Director Md Fazlul Haque Mazumder were present during the signing ceremony.