Chinese owned Xihe Textile Technology Bangladesh Ltd. textile farm to invest $12.89 million in Mongla Export Processing Zone (EPZ) to set up a garments manufacturing factory in Mongla EPZ.
Ali Reza Mazid, Member for Investment promotion of BEPZA, and Yang Jilai, Managing Director of Xihe Textile Technology Bangladesh Ltd, signed an agreement in this regard at BEPZA Complex in Dhaka.
Xihe Textile Technology will annually manufacture 5 million pieces of woven garments and 2.3 million pieces of knit garments. And employing around 2,892 locals, said Bangladesh Export Processing Zones Authority (BEPZA) said in a statement on 5 April 2022.
In Mongla EPZ, Xihe Textile has another garment factory named Garments Manufacture JINLITE Bangladesh.
Executive Chairman of BEPZA, Major General Abul Kalam Mohammad Ziaur Rahman was also present at the signing ceremony.
Among others, Mohammad Faruque Alam, Member for Engineering; Nafisa Banu, Member for Finance; Md Zakir Hossain Chowdhury, Executive Director for Administration; Nazma Binte Alamgir, Executive Director for Public Relations, and Md Tanvir Hossain, Executive Director for Investment Promotion were present at the signing ceremony.