A. K. Khan & Company Ltd. signed a joint venture agreement with RPG Enterprises flagship tyre Company CEAT to build a factory to produce 110 metric tons per day at a cost of US$67 million. The deal marks one of the largest investments by an Indian firm in Bangladesh and is a union of two like minded top corporate houses. The Company could create direct and indirect employment for 1,000 people and act as an import substitute. The state of the art factory is expected to produce tires for the local and export markets in 2014.
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