Eco parking machine mfg Industry to come up in Bangladesh

Dhaka: A Bangladesh-Japan company will set up a Eco Parking Machine Manufacturing Industry in the CSD area of Karnaphuli Export Processing Zone with an investment of US$ 3.72 million.

The joint venture company, Daiei International Limited, will produce 1,300 pcs of Eco Parking Machine annually for exporting.

The company will also create employment opportunity for 341 Bangladeshi and 10 foreign nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the Daiei International Limited in Bepza Complex here recently.

Prasanta Bhushan Barua, member (Investment Promotion) of Bepza and Vivekaanda Sikder, managing director of Daiei International Limited, signed the agreement on behalf of their respective organisations.