Chinese company M/s Bangladesh Boyang Textile Co Ltd is going to set up a textile and home textile manufacturing industry in Uttara EPZ with an investment of $23.15 million.
Bangladesh Export Processing Zones Authority (BEPZA) on Sunday signed an agreement with the company to this effect at the BEPZA Complex in the city, read a press release.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Ali Reza Mazid, member (Investment Promotion) of BEPZA and Peng Liu, chairman of Bangladesh Boyang Textile Co Ltd signed the agreement on behalf of their respective organisations.
This fully foreign-owned company will create employment opportunities for 1993 Bangladeshi nationals.
Bangladesh Boyang Textile Co will produce annually 50 million meters of linen/cotton woven & denim fabrics and 3 million pieces of home textiles like pillowcases, bed sheets and tablecloths.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Public Relations) Nazma Binte Alamgir and Executive Director (Investment Promotion) Md Tanvir Hossain were present during the signing ceremony.
Mentionable, Uttara EPZ is a shining example of the changing lifestyle of the Northern region. Once poverty stricken area has been transformed into an industrially developed area after establishing Uttara EPZ in 2001.
At present around 35,000 Bangladeshi nationals are working in the 25 operational industries of this EPZ. The zone has so far attracted investment of US$ 235 million and exported goods worth $2342 million.
