Bangladesh's Trendy Textiles to invest nearly $39 mn in Dhaka EPZ

24 Aug '22

1 min read

Pic: Siarhei Kuranets/Shutterstock

Bangladeshi company Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ (Export Processing Zone). The company will invest $38.99 million in the EPZ where 2,993 Bangladeshi nationals will get employment opportunities.

Trendy Textiles will produce 15 million pieces of T-shirts, tank tops, polo shirt, sweatshirts, cotton and CVC fleece jackets and trousers, hoody jackets, ladieswear, kidswear, and sportswear, according to a press release by Bangladesh Export Processing Zone Authority (BEPZA). An agreement has been signed with the aim to re-operate a closed factory of Dhaka EPZ by the new ownership which is sold through the auction process.

Ali Reza Mazid, member (investment promotion) of BEPZA and Nafees Muntasir Khan, managing director of Trendy Textiles Limited inked the deal to this effect on behalf of their respective organisations at BEPZA Complex, Dhaka. BEPZA executive chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the agreement signing ceremony, BEPZA said.

Among others, member (engineering) Mohammad Faruque Alam, member (finance) Nafisa Banu, executive director (public relations) Nazma Binte Alamgir, executive director (investment promotion) Md. Tanvir Hossain, and executive director (enterprise services) Md. Khorshid Alam were present during the agreement signing ceremony.

Fibre2Fashion News Desk (NB)

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