DHAKA, April 5, 2022 (BSS) - A China-owned company M/s Xihe Textile
Technology Bangladesh Ltd is going to set up a garments manufacturing
industry in Mongla EPZ with an investment of $12.89 million.

An agreement to this effect was signed between Bangladesh Export Processing
Zones Authority (BEPZA) and M/s. Xihe Textile Technology Bangladesh Ltd at
BEPZA Complex, Dhaka here today, said a press release.
 
Member (Investment Promotion) of BEPZA Ali Reza Mazid and Managing Director
of Xihe Textile Technology Bangladesh Ltd Yang Jilai signed the agreement on
behalf of their respective organizations.

The Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur
Rahman witnessed the signing ceremony.
 
A total of 2,892 Bangladeshi nationals will get employment opportunities in
this factory.

This fully foreign-owned company will produce annually 5 million pieces of
Woven garments and 2.3 million pieces of knit garments.
 
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance)
Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury,
Executive Director (Public Relations) Nazma Binte Alamgir and Executive
Director (Investment Promotion) Md. Tanvir Hossain were present at the
signing ceremony.