BEPZA Member (Engineering and Investment Promotion - Additional Charge) Md Imtiaz Hossain and Managing Director of Safety Garments Bangladesh Co Ltd Shi Yan signed an agreement at the BEPZA Complex in the city on Monday in presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman. Safety Garments Bangladesh Co Ltd., a Chinese company, is set to invest US$ 12.25 million in Mongla Export Processing Zone (EPZ) to establish a high-end garments manufacturing facility, reports BSS.
The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this end at the BEPZA Complex in the city on Monday, said a press release.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony, as BEPZA Member (Engineering and Investment Promotion - Additional Charge) Md Imtiaz Hossain and Managing Director of Safety Garments Shi Yan inked the agreement on behalf of their respective organisations.
The Chinese company plans to produce reflective jacket, vest, T-shirt, fleece jacket and coverall and safety helmet, creating employment opportunities for 1,616 Bangladeshi nationals.
BEPZA Executive Chairman thanked Safety Garments for choosing Bangladesh, especially Mongla EPZ, as their investment destination, highlighting BEPZA's commitment to providing a secure and supportive environment for investors.
He expects the company to prioritise environmental protection while operating its business successfully in the EPZ.
The signing ceremony was attended by senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Admin) Md. Tazim-Ur-Rahman, and representatives from Safety Garments.
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