Chinese co to set up factory in Comilla EPZ
Sunday, 30 August 2009
A Chinese company, M/s Bangladesh Textile and Fibre Industry Limited, will set up a fibre and non-woven fabric manufacturing industry in Comilla Export Processing Zone (EPZ).
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the company in the city recently, said a press release.
Member (Engineering) of the BEPZA M Mahbub Ul Alam and Chairman of M/s Bangladesh Zhang Fang singed the agreement on behalf of their respective organisations.
The company will invest US$25.52 million in setting up its unit and produce different types of fibre and non-woven fabric.
It will also crate employment opportunity for 895 Bangladeshi workers, including 21 foreign nationals.
Among others, Executive Chairman of BEPZA Jamil Ahmed Khan, Member (Finance) AKM Mahabubur Rahman and General Manager (Investment Promotion) AZM Azizur Rahman were present at the deal signing ceremony, the release added.
In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the company in the city recently, said a press release.
Member (Engineering) of the BEPZA M Mahbub Ul Alam and Chairman of M/s Bangladesh Zhang Fang singed the agreement on behalf of their respective organisations.
The company will invest US$25.52 million in setting up its unit and produce different types of fibre and non-woven fabric.
It will also crate employment opportunity for 895 Bangladeshi workers, including 21 foreign nationals.
Among others, Executive Chairman of BEPZA Jamil Ahmed Khan, Member (Finance) AKM Mahabubur Rahman and General Manager (Investment Promotion) AZM Azizur Rahman were present at the deal signing ceremony, the release added.