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Chinese co to invest $22.92m in BEPZA EZ

May 23, 2024 00:00:00


Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Ms Li Li, Chairman of Sanxin Accessories MFC BD Ltd, signed an agreement on behalf of their respective organisations at the BEPZA Complex in the city on Tuesday in presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman.

Chinese company Sanxin Accessories MFC BD Ltd will invest US$ 22.92 million to set up an Interlining & Garments Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsharai, Chattogram.

In this connection, Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with Sanxin Accessories MFC BD Ltd at the BEPZA Complex in the city on Tuesday, says a press release.

Md Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Ms Li Li, Chairman of Sanxin Accessories MFC BD Ltd, signed the agreement on behalf of their respective organisations in presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman.

This foreign-owned company will produce Interlining, Lace, TC Pocketing/Printing, Granule and Hot Melt Adhesive Powder.

Some 2,346 Bangladeshi nationals will get employment opportunities in this company.

The BEPZA Executive Chairman thanked Sanxin Accessories MFC BD Ltd for choosing BEPZA EZ as their investment destination. He hoped that the company will start construction of the factory as soon as possible and commence commercial production.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) ANM Foyzul Haque, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam, Project Director of BEPZA EZ Mohammad Anamul Haque and Executive Director (Public Relations) ASM Anwar Parvez along with representatives of both the companies were present at he event.


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