Industry

Chinese company to invest $ 12.89 million in Mongla EPZ

Chinese Company Xihe Textile Technology Bangladesh Limited will set up a garment manufacturing industry in Mongla EPZ with an investment of USD $12.89 million.

The fully foreign owned company will produce annually 5 million pcs of woven garments and 2.3 million pcs Knit garments. Xihe Textile will create employment opportunities for 2892 Bangladeshi nationals.

The company has another RMG factory named Garments Manufacture JINLITE Bangladesh in Mongla EPZ.

An agreement to this effect signed between Bangladesh Export Processing Zones Authority

(BEPZA) and the Xihe Textile Technology Bangladesh, in the capital on Tuesday.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Yang Jilai, Managing Director of Xihe Textile Technology Bangladesh Ltd signed in the deed documents on behalf of their respective sides.

Abul Kalam Mohammad Ziaur Rahman, general and executive chairman of BEPZA witnessed the signing ceremony.

Among others BEPZA members Mohammad Faruque Alam, Nafisa Banu, executive directors Md. Zakir Hossain Chowdhury, Nazma Binte Alamgir, Md. Tanvir Hossain were present during the signing ceremony.

Source: United News of Bangladesh