Chinese firm to invest $12.89m in Mongla EPZ

Chinese company Xihe Textile Technology Bangladesh Ltd is going to set up a garments manufacturing industry in Mongla Export Processing Zone (EPZ) with an investment of $12.89 million.

Some 2,892 Bangladeshi nationals will get employment opportunity in this factory, Bangladesh Export Processing Zones Authority (Bepza) said in a statement yesterday.

This fully foreign owned company will produce annually 5 million pieces of woven garments and 2.3 million pieces of knit garments.

Xihe Textile has another garment factory named Garments Manufacture JINLITE Bangladesh in Mongla EPZ.

Ali Reza Mazid, member for investment promotion of Bepza, and Yang Jilai, managing director of Xihe Textile Technology Bangladesh Ltd, signed an agreement in this regard at Bepza Complex in Dhaka today.

Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza, was also present at the signing ceremony along with Mohammad Faruque Alam, member for engineering; Nafisa Banu, member for finance; Md Zakir Hossain Chowdhury, executive director for administration; Nazma Binte Alamgir, executive director for public relations, and Md Tanvir Hossain, executive director for investment promotion.