A Chinese company, 'Bangladesh Textile & Fibre industry Limited' will set up a fibre and non-woven fabric manufacturing industry in Comilla Export Processing Zone.
This is completely a foreign owned company that will make an investment of US $25.52 million and will manufacture different types of fibers and non-woven fabric.
This establishment will employ about 895 Bangladeshi workers including 21 foreign nationals.
An agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Bangladesh Textile & Fiber Industry Limited, in Dhaka, to this effect.
Mr. M. Mahbub Ul Alam, Member (Engineering) of BEPZA and Mr. Zhang Fang, Chairman of Bangladesh Textile & Fiber Industry Limited signed the agreement on behalf of their respective organizations.
Fibre2fashion News Desk - India
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