South Korean company 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) on Tuesday signed an agreement with the company to this effect at BEPZA Complex in the city, said a press release.

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

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

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

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.