Canada-China firm to invest $91m in Ishwardi EPZ

Big Dipper Textile Mills, which is owned by a Canada-China enterprise, will invest $91.15 million in the Ishwardi Export Processing Zone (IEPZ) to set up a textile factory. 

The factory will annually produce 15,422 tonnes of yarn and employ around 1,209 Bangladeshi nationals, said the Bangladesh Export Processing Zones Authority (Bepza) in a statement yesterday.

Ali Reza Mazid, member for investment promotion at the Bepza, and Wong Jammy Kwok Chan, chairman of Big Dipper Textile Mills, signed an agreement in this regard at the Bepza Complex in the capital.

The company has three other factories inside the Ishwardi and Dhaka EPZs.