Chinese-owned M/s Xihe Textile Technology Bangladesh Ltd will set up a garment manufacturing industry in Mongla EPZ with an investment of $12.89 million.
On Wednesday the 5th of April, Bangladesh Export Processing Zones Authority (BEPZA) and M/s Xihe Textile Technology Bangladesh Ltd signed an agreement at BEPZA Complex. Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Yang Jilai, the managing director of Xihe Textile Technology Bangladesh Ltd, signed the agreement on behalf of their respective organizations.
The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, NDC, PSC, was present during the signing ceremony.
This wholly foreign-owned enterprise will produce 5 million woven garments and 2.3 million knit garments annually. The company operates another RMG plant in Mongla EPZ named M/s Garments Manufacture JINLITE Bangladesh.