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Chinese co to invest $19.5m in Mongla EPZ

Staff Correspondent
10 Sep 2023 16:38:36 | Update: 10 Sep 2023 16:56:21
Chinese co to invest $19.5m in Mongla EPZ
— Courtesy Photo

Chinese factory QSL.S Garments Co Ltd is going to set up a ready-made garment (RMG) industry in Mongla EPZ with an investment of $19.5 million.

Bangladesh Export Processing Zones Authority (BEPZA) Member (Finance) Nafisa Banu and QSL.S Garments Co Managing Director Wanle Xuan signed an agreement in this regard on behalf of their respective organisations at BEPZA Complex in Dhaka on Sunday.

BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman was present on the occasion, read a press release.

This fully foreign-owned company will produce annually 6 million pieces of woven and knit garment products like shirt, T-shirt, jacket, pants, shorts, etc. They will create employment opportunities for 2,598 Bangladesh nationals.

Among others, BEPZA Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam witnessed the signing ceremony.

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