Dhaka, Feb. 3 -- Business Research International Corporation (BRIC), a local company, is set to invest $5.32 million in an agro-processing plant at the Jamalpur Economic Zone (EZ) to establish an agro-processing industry.

To this end, BRIC inked a land lease agreement with the Bangladesh Economic Zones Authority (BEZA) on Monday at a ceremony held in BEZA headquarters in the city's Agargaon.

BEZA Executive Member (Investment Development) Saleh Ahmed and BRIC Director and Vice President Mishal Karim signed the agreement on behalf of their respective sides, a statement said.

According to the investment proposal, the plant-spanning over five acres of land-will produce paste, pulp, puree, juice and beverages, as well as spices. More than 5...