Chinese company to invest $19.5 million in Mongla EPZ

Chinese company QSL.S Garments Co Ltd will invest $19.5 million to set up an RMG factory at the Mongla Export Processing Zone in Bagerhat.

The fully foreign-owned company will produce 6 million pieces of woven and knit garment products such as shirts, T-shirts, jackets, pants, and shorts at the factory annually, according to a press release.

The investment will generate employment opportunities for 2,598 Bangladeshi nationals, it said.

The company signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) at the Bepza Complex in Dhaka today.

Bepza Member Nafisa Banu and QSL.S Garments Managing Director Wanle Xuan inked the deal.