A Chinese company is going to set up a textile and home textile manufacturing industry in Uttara EPZ with an investment of US$ 23.15 million.
Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the M/s. Bangladesh Boyang Textile Co. Ltd. to this effect at BEPZA Complex in the capital on Sunday, says a press release.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Ali Reza Mazid, member (Investment Promotion) of BEPZA and Peng Liu, chairman of Bangladesh Boyang Textile Co Ltd signed the agreement on behalf of their respective organisations.
This fully foreign owned company is expected to create employment opportunities for 1993 Bangladeshi nationals.
Bangladesh Boyang Textile Co will produce annually 50 million meters of linen/cotton woven & denim fabrics and 3 million pieces of home textile like pillow cases, bed sheets and tablecloths.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir and Executive Director (Investment Promotion) Md. Tanvir Hossain were present during the signing ceremony.