Bangladeshi company M/s Trendy Textiles Limited on Tuesday signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to establish a knit composite textile industry in Dhaka Export Processing Zone (EPZ) with an investment of $38.99 million.
BEPZA member (investment promotion) Ali Reza Mazid and Trendy Textiles Limited Managing Director Nafees Muntasir Khan 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 ceremony.
The agreement has been signed aiming to re-operate a closed factory of Dhaka EPZ by the new ownership which was sold out through auction process.
The company will produce annually 15 million pieces of T-shirt, tank top, polo shirt, sweatshirt, cotton and CVC fleece jacket and trousers, hoody jacket, fancy ladies and children wear, sportswear.
Around 2,993 Bangladeshis will get employment opportunities in the factory, read the release.
Among others, BEPZA 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 signing ceremony.
