Local co to invest $39m in Dhaka EPZ

Bangladeshi company Ms Trendy Textiles Limited is going to establish a knit composite textile industry in Dhaka EPZ, reports BSS.

This fully Bangladeshi-owned company will invest US$ 38.99 million where 2993 Bangladeshi nationals will get employment opportunities, said a press release.

The company will produce annually 15 million pieces of T-Shirt, Tank-Top, Polo-Shirt, Sweat-Shirt, Cotton and CVC Fleece Jacket and Trousers, Hoody Jacket, Fancy Ladies and Children Wear, Sports Wear.

This agreement is signed aiming to re-operate a closed factory of Dhaka EPZ by the new ownership which is sold out through auction.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Nafees Muntasir Khan, Managing Director of Trendy Textiles Limited, signed the agreement on behalf of their respective organisations at BEPZA Complex in the city.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the agreement signing ceremony.

Among others, 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 agreement signing ceremony.