An India-Bangladesh joint venture entity, Khyaati Leather Innovations BD Ltd., is all set to invest US $ 2.95 million at Pabna-based Ishwardi Export Processing Zone, to set up an apparel accessories and bag manufacturing unit. As per a press communique issued in this direction, the JV entity which will produce 40-50 million pieces of artificial leather or leather, heat seal labels, silicon labels, artificial leather belt, printed fabrics, buttons, rivets, metal or plastic ID cards and other items annually along with metal and plastic eyelets, lock-pin, hanging accessories, fabric label, hangtags or stickers, laces, shoe soles, bags, fashionable tapes, taffeta labels, woven labels, and knitted and fabric belts; has inked an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) recently, in this direction. Chairman of Khyaati Leather Pravin Satyapal Uppal and member for investment promotion of the BEPZA Md. Mahmudul Hossain Khan signed the deal at the BEPZA Complex in capital Dhaka recently even as BEPZA has underlined that the investment will create job opportunities for 116 Bangladeshi nationals.
