Chinese textile manufacturer Huarun Tex Co Ltd will invest $30 million to establish a textile production facility at the Bepza Economic Zone in Mirsarai, Chattogram.
The company will build the factory on a 36,000-square-metre site. The investment will create jobs for 580 Bangladeshi nationals.
Once operational, the facility will produce 24,000 tonnes of yarn and 20 million metres of grey woven fabric each year. The project will strengthen Bangladesh’s textile manufacturing and export capacity.
The Bangladesh Export Processing Zones Authority (BEPZA) and Huarun Tex Co Ltd signed a land lease agreement at the BEPZA Complex in Dhaka on 16 July.
Md Tanvir Hossain, BEPZA’s Member (Investment Promotion), and Bin Wang, Managing Director of Huarun Tex Co Ltd, signed the agreement for their respective organisations.
Major General Mohammad Moazzem Hossain, Executive Chairman of BEPZA, attended the ceremony as the chief witness.
During the ceremony, the Executive Chairman thanked Huarun Tex for choosing Bangladesh and the Bepza Economic Zone for its latest investment.
He reaffirmed BEPZA’s commitment to providing investors with a safe, modern and business-friendly environment. He also assured the company of full support during the factory’s establishment and future operations.
The ceremony also brought together Abdullah Al Mamun, Member (Engineering); ANM Foyzul Haque, Member (Finance); Md Khorshid Alam, Executive Director (Enterprise Services); Samir Biswas, Executive Director (Administration); Mohammad Anamul Haque, Project Director of the Bepza Economic Zone; and ASM Anwar Parvez, Executive Director (Public Relations).
Senior BEPZA officials and representatives from Huarun Tex Co Ltd also attended the event.
Source: The Business Standard
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