Chinese company to invest $23.15m in Uttara EPZ
The company is expected to create employment opportunities for 1,993 Bangladeshi nationals
Chinese company M/s Bangladesh Boyang Textile Co Ltd is going to establish a textile and home textile manufacturing venture within the Uttara Export Processing Zone (EPZ), with an investment of $23.15 million.
To this effect, Bangladesh Export Processing Zones Authority (Bepza) signed an agreement with the company at Bepza Complex in Dhaka on Sunday, in the presence of Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, said a press release.
The company is expected to generate employment opportunities for approximately 1,993 Bangladeshi nationals.
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Bangladesh Boyang Textile Co has a target to produce an impressive 50 million metres of Linen/Cotton Woven and denim Fabrics annually, alongside 3 million pieces of home textiles such as pillowcases, bed sheets, and tablecloths.
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.
