An Indian company named Geebee Garments Industries Limited will set up a garments manufacturing industry by investing 9.5 million US dollar in the Karnaphuli Export Processing Zone. The fully foreign owned company will produce shirt, t- shirt, blouse, jackets, trousers and shorts and create employment opportunity for 2,278 Bangladeshi and 22 ...

A local spinner will set up the country's first ever petrochemical plant to produce polyester chips by investing Tk 5.5 billion mainly to give a fresh boost to the apparel sector, the yarn manufacturer said Wednesday. Polyester chips, which are intermediate goods, are utilised for manufacturing synthetic fibre, fabrics and pet ...

A joint venture between Singapore and Bangladesh company will set up a central effluent treatment plant in Dhaka Export Processing Zone. The company, D-Water CETP Ecosystems (BD) Limited, will invest $4.793 million to treat 15,000-43,000 cubic meters of liquid effluent per day of the industries of the DEPZ. The plant will be set ...

The government is in the process of formulating a comprehensive new industrial policy within this year, focusing on an environment-friendly industrialisation, said the industries minister yesterday. “We need a cleaner environment because it is of utmost necessity to enter the competitive global market,” said Dilip Barua. “To have a healthy environment, we ...

The government should ensure environment friendly investment for sustainable development of the country, said Transparency International Bangladesh (TIB) chairman yesterday. “The government has to take environmental issues seriously so the country can achieve sustainable development. It should also make sure that both the local and foreign investors remain conscious about environment,” ...

South Korea on Thursday announced tax breaks for foreigners investing in local bonds to help ease jitters over the country’s foreign exchange liquidity. Tax will be erased for capital gains including interest if foreign investors buy South Korea’s treasury’s and monetary stabilisation bonds, the Ministry of Strategy and Finance said. The government ...

The president, Zillur Rahman, on Wednesday urged Chinese investors to make more investment in Bangladesh’s different potential sectors by enjoying various incentives offered by the government and thus bridge the bilateral trade gap. He also emphasised establishing direct road-link as well as increasing frequency of direct air traffic between the two ...