The investment by this fully foreign-owned company is expected to generate employment for 1,993 Bangladeshi nationals. According to the terms of the agreement, Bangladesh Boyang Textile Co will produce 50 million metres of linen/cotton woven and denim fabrics annually. The facility will also manufacture 3 million pieces of home textiles such as pillowcases, bed sheets, and tablecloths each year, BEPZA said in a press release.
Uttara EPZ has so far attracted a total investment of $235 million, with exports amounting to a substantial $2,342 million.
The signing ceremony was attended by key officials, including the executive chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman. On behalf of their respective organisations, Ali Reza Mazid, member (investment promotion) of BEPZA, and Peng Liu, chairman of Bangladesh Boyang Textile, signed the agreement.
The ceremony was also attended by Mohammad Faruque Alam, member (Engineering); Nafisa Banu, member (finance); Nazma Binte Alamgir, executive director (public relations); and Tanvir Hossain, executive director (investment promotion).
ALCHEMPro News Desk (DP)
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