IHM Garments and Textile Company Limited, a Chinese firm, is going to establish a garment manufacturing industry in Ishwardi EPZ with an investment of $ 8.7 million.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and IHM Garments and Textile Company Limited at BEPZA Complex, in the capital on Monday.
Ali Reza Mazid, a Member (Investment Promotion) of BEPZA, and Yu Binbin, Chairman of IHM Company signed the agreement on behalf of their respective sides.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony.
This fully foreign-owned company will produce 2.6 million pieces of Woven Tops and 10.6 million pcs of Knit tops and Pants for Ladies, Kids, and Men annually. IHM Garments and Textile Company Limited will create employment opportunities for 2457 Bangladeshi nationals.
Source: United News of Bangladesh