Local firm to invest $8.5m in Uttara EPZ

Bangladeshi company Texas Clothing Ltd is going to establish a garments factory in Uttara Export Processing Zone (EPZ) in the northwest district Nilphamari by investing $8.5 million.

Bangladesh Export Processing Zones Authority (Bepza) and Texas Clothing signed an agreement in this regard at Bepza Complex in Dhaka yesterday.

Ali Reza Mazid, member for investment promotion at Bepza, and Md Forhad Hossan, managing director of Texas Clothing, inked a deal in this regard.

Bepza Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman was present.

The company will produce annually 70 lakh pieces of different garment items like woven shirt, denim pant, twill pant, jacket and woven bottom. The factory is expected to create employment opportunity for 1,450 Bangladeshi nationals, the Bepza said in a statement.