Bangladesh's economic zone attracts $22.92mn Chinese investment

22 May '24

1 min read

Bangladesh's economic zone attracts $22.92mn Chinese investment

Pic: Adobe Stock

Insights

Chinese interlining and garment accessories manufacturing company set to invest $22.92 million in BEPZA Economic Zone located at Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsharai, Chittagong.
The company will produce interlining, lace, granule and hot melt adhesive powder, etc., and create employment opportunities for at least 2,346 Bangladeshi nationals.

A Chinese manufacturer specialising in interlining and garment accessories is poised to invest $22.92 million in the BEPZA Economic Zone (BEPZA EZ) situated at Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsharai, in the port city of Chittagong.

In a recent ceremony held at the BEPZA Complex, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company, in the presence of executive chairman Major General Abul Kalam Mohammad Ziaur Rahman.

Major General Abul Kalam Mohammad Ziaur Rahman personally inked the agreement with the company at the BEPZA Complex in Dhaka.

Representing their respective organisations, Md. Ashraful Kabir, BEPZA's member for investment promotion, and Li Li, chairman of Chinese Sanxin Accessories Limited, also signed the agreement.

The Chinese company plans to manufacture a range of products including interlining, lace, TC pocketing and printing, granule, and hot melt adhesive powder even if this venture is expected to generate employment for at least 2,346 Bangladeshi nationals.

Expressing gratitude, the BEPZA executive chairman thanked the Chinese company for selecting the BEPZA EZ as its preferred investment destination.

Fibre2Fashion News Desk (DR)

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