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China's Qinda Outdoor to invest $12 mn in Bangladesh's Ishwardi EPZ

28 Sep '22
1 min read
Ali Reza Mazid, member (investment promotion) of BEPZA, and Zhang Yan, representative of Qinda Outdoor. Pic: BEPZA
Ali Reza Mazid, member (investment promotion) of BEPZA, and Zhang Yan, representative of Qinda Outdoor. Pic: BEPZA

Chinese company Qinda Outdoor (BD) Co Ltd will invest $12 million to set up a tent, sleeping bag, and bag manufacturing industry in Bangladesh’s Ishwardi Export Processing Zone (IEPZ). The project is expected to create employment opportunities for 2,973 Bangladeshi nationals.

The factory will produce 2 million pieces of tents, canopies, bags, sleeping bags, backpacks, tarpaulins, awnings, sunblinds, mosquito nets, portable folding chairs, recycle bins, and umbrellas annually, according to a press release by BEPZA.

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Qinda Outdoor (BD) Co Ltd at BEPZA Complex, Dhaka. Ali Reza Mazid, member (investment promotion) of BEPZA, and Zhang Yan, representative of Qinda Outdoor, signed the agreement on behalf of their respective organisations. The executive chairman of BEPZA major general Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

ALCHEMPro News Desk (NB)

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