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Chinese company Taisheng to invest $6 mn in BEPZA EZ

06 Apr '24
1 min read
Chinese company Taisheng to invest $6 million in BEPZA EZ
Pic: BEPZA

Insights

  • Taisheng (Bangladesh) Webbing Co Ltd will invest $6 million in BEPZA Economic Zone to establish a manufacturing unit for shoe, bag, and garment accessories.
  • Annually producing 6 million tonnes of various items, the project will generate employment for 200 Bangladeshis.
  • The agreement was signed by BEPZA and the company's managing director, Li Yecai.
Chinese company Taisheng (Bangladesh) Webbing Co Ltd will invest $6 million to set up a shoe, bag and garments accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram. BEPZA signed an agreement with the company recently.

The company will produce annually 6 million tonnes of shoe lace, elastic, draw cord, drawstring, string, webbing belt and webbing tape, creating employment opportunities for 200 Bangladeshi nationals, BEPZA said in a press release.

Ali Reza Mazid, member (investment promotion) of BEPZA and Li Yecai, managing director of Taisheng (Bangladesh) Webbing Co Ltd signed the agreement on behalf of their respective organisations at BEPZA Complex, Dhaka.

ALCHEMPro News Desk (RR)
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