Dhaka: Bangladesh BaoRui Textile Co. Ltd., a Chinese company, is set to invest US$ 19.53 million in the Mongla Export Processing Zone (Mongla EPZ) to establish a composite textile manufacturing industry. The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company today at the BEPZA Complex in Dhaka. According to Bangladesh Sangbad Sangstha, the signing ceremony was witnessed by BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. Member (Investment Promotion) of BEPZA Md. Ashraful Kabir and Managing Director of Bangladesh BaoRui Textile Co. Ltd. Huang Hua signed the agreement on behalf of their respective organizations. The Chinese company aims to produce 10 million lbs of raw yarn, 6 million lbs of knitted fabric, and 1 million pieces of garments annually. This venture is expected to create employment opportunities for 1,505 Bangladeshi nationals. BEPZA Executive Chairman thanked Bangladesh BaoRui Textile for choosing Mongla EPZ as their investment des tination. He emphasized BEPZA's dedication to providing a secure and supportive environment for investors and urged the company and other Chinese investors to explore further investments in sectors such as pharmaceuticals, solar panels, and man-made fibers. The signing ceremony was attended by several BEPZA officials, including Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Executive Director (Admin) A.S.M. Zamshed Khondaker, and Executive Director (Public Relations) A.S.M Anwar Parvez, among others.
