Chinese Company to Invest $12.89m at Mongla EPZ

China owned company Xihe Textile Technology Bangladesh Ltd is going to set up a garments manufacturing industry at Mongla EPZ with an investment of $12.89 million. 2892 Bangladeshi nationals will get employment opportunities in this factory, reports media.

This fully foreign-owned company will produce annually 5 million pcs of Woven garments and 2.3 million pcs of Knit garments. Mentionable, they have another RMG factory named Garments Manufacture JINLITE Bangladesh in Mongla EPZ.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Xihe Textile Technology Bangladesh Ltd at BEPZA Complex, Dhaka on Tuesday. 

Ali Reza Mazid, member (Investment Promotion) of BEPZA and Yang Jilai, managing director of Xihe Textile Technology Bangladesh Ltd signed the agreement on behalf of their respective organisations. The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony.

Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir and Executive Director (Investment Promotion) Md Tanvir Hossain were present during the signing ceremony among others.