Bangladeshi company to invest $39m in Dhaka EPZ

Bangladeshi company M/s Trendy Textiles Limited is going to establish a Knit Composite Textile industry in Dhaka EPZ. This fully Bangladeshi owned company will invest $38.99 million where 2993 Bangladeshi nationals will get employment opportunities, said a statement.

The company will produce annually 15 million pcs of T-Shirt, Tank-Top, Polo-Shirt, Sweat-Shirt, Cotton and CVC Fleece Jacket and Trousers, Hoody Jacket, Fancy Ladies and Children Wear, Sports Wear.

Mentionable, this agreement is signed aiming to re-operate a closed factory of Dhaka EPZ by the new ownership which is sold out through auction process.

BEPZA Member (Investment Promotion) Ali Reza Mazid and Trendy Textiles Limited Managing Director Nafees Muntasir Khan signed an agreement to this effect on behalf of their respective organisations at BEPZA Complex in Dhaka on Tuesday.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, was present at the agreement signing ceremony.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam were present during the agreement signing ceremony.