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Chinese co to invest $9.58m in CEPZ

Staff Correspondent
03 Oct 2022 16:19:15 | Update: 03 Oct 2022 17:39:01
Chinese co to invest $9.58m in CEPZ
Chinese company M/s Intex Link Garments (BD) Limited signs an agreement with Bangladesh Export Processing Zones Authority at BEPZA Complex in Dhaka on Monday, October 3, 2022 — Courtesy Photo

Chinese company M/s Intex Link Garments (BD) Limited on Monday signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up a garment industry in Chattogram Export Processing Zone (CEPZ) with an investment of $9.58 million.

BEPZA member (Investment Promotion) Ali Reza Mazid and Intex Link Garments Managing Director Junting Tan inked the agreement on behalf of their respective organisations at BEPZA Complex in Dhaka, a press release said.

BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman witnessed the agreement signing.

The fully foreign-owned company will produce annually 61 million pieces of T-shirt, woven pants and jacket, bra and panty, men’s boxer and sleepwear.

As many as 2,659 Bangladeshis will get employment opportunities in this factory, read the release.

Among others, BEPZA member (engineering) Mohammad Faruque Alam, Executive Director (Administration)
Md Zakir Hossain Chowdhury, 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 signing ceremony.

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