Chinese co to invest $9.58m in CEPZ

FE Team | Published: October 03, 2022 23:35:15

Ali Reza Mazid, member (Investment Promotion) of BEPZA and Junting Tan, managing director of Intex Link Garments (BD) Limited, exchanging documents after signing the agreement on behalf of their respective organisations at BEPZA Complex in the city on Monday

A Chinese company will set up a garments factory in Chattogram Export Processing Zone (CEPZ) with an investment of $ 9.58 million, said a press release.
Fully foreign owned this Chinese company-M/s. Intex Link Garments (BD) Limited will produce annually 61 million pcs of T-shirt, woven pants and jacket, ladies bra and panty, mans' boxer and sleepwear.
A total of 2659 Bangladeshi nationals will get employment opportunity in this factory.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Intex Link Garments (BD) Ltd. at BEPZA Complex, Dhaka Monday.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Junting Tan, Managing Director of the Chinese company signed the agreement on behalf of their respective organisations.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Tanvir Hossain and Executive Director (Enterprise Services) Md. Khorshid Alam were present during the signing ceremony.