Color Style Bangladesh has gotten six acres of land in the Jamalpur Economic Zone (JEZ).
Bangladesh Economic Zone Authority (BEZA) and Color Style Bangladesh recently signed a land lease agreement.
According to BEZA, Color Style Bangladesh Limited will invest a total of US$11.76 million in JEZ and create employment for around 1,235 people.
Ali Ahsan, Executive Member – Investment Development, Additional Secretary – on behalf of BEZA and Mohammad Ziaur Rahman, Managing Director on behalf of Color Style Bangladesh Limited signed the agreement.
As per the agreement, Color Style Bangladesh will set up two factories in JEZ in a joint venture with a Turkish company called Resas chemie Limited and Maz Textile Limited. The Turkish company will produce textile chemicals while Maz Textile will make 100% export-oriented knit products.
Meanwhile, Sheikh Yusuf Harun, Executive Chairman, BEZA, congratulated the investor and said that the commencement of onstruction of new factories in the midst of the COVID-19 pandemic is good news for the country’s economy.
Mohammad Ziaur Rahman said, “We are very happy to start construction of the factory in JEZ. And we will go for production at the earliest.”
The JEZ is being set up on 436 acres of land in Digpait and Titpalla Unions of Jamalpur Sadar. The economic zone, which is being implemented by BEZA, is expected to directly employ about 32,000 people.