DHAKA, Bangladesh, Nov 11 (BSS) - German Company Ospinter Garments Limited will set up a garments Industry in Dhaka Export Processing Zone.

This 100 percent foreign-owned company will invest US$ 1.12
million in setting up their unit and will produce garments items.
It will also create employment opportunity for 547 Bangladeshi
nationals, a BEPZA release said here today.

An agreement to this effect was signed between the
Bangladesh Export Processing Zones Authority(BEPZA) and the M/S
Ospinter Garments Limited in BEPZA Complex here today.

Mayjuddin Ahmed, Member (Investment Promotion) of BEPZA and
Michael Choa, General Manager of Ospinter Garments Limited,
signed the agreement on behalf of their respective organizations.

Among others, Brigadier General Jamil Ahmed Khan, Executive
Chairman of BEPZA, was present on the occasion.