Chinese company to invest $28.92 million in BEPZA EZ
Staff Reporter: Ding Yu (BD) Enterprise Ltd., a Chinese company, is set to invest US$ 28.92 million in BEPZA Economic Zone (BEPZA EZ) to establish a garments manufacturing industry.
The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company on December 23, 2024, at the BEPZA Complex in the city.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the signing ceremony, where Member (Investment Promotion) of BEPZA Md. Ashraful Kabir and Managing Director of Ding Yu (BD) Enterprise Ltd. Zhuofan Cai signed the agreement on behalf of their respective organizations, said a press release.
The Chinese company plans to produce 50 million pcs of underware, T-shirt, yoga pant, swim pant annually, creating employment opportunities for 3135 Bangladeshi nationals.
BEPZA Executive Chairman thanked Ding Yu (BD) Enterprise for choosing BEPZA EZ as their investment destination, highlighting BEPZA's commitment to providing a secure and supportive environment for investors.
He welcomed Ding Yu (BD) Enterprise as the new member of BEPZA family.
The signing ceremony was attended by BEPZA officials, including Member (Engineering) Md. Imtiaz Hossain, Member (Finance) A N M Foyzul Haque, Executive Director (Enterprise Services) Md. Khorshid Alam, Executive Director Moshiuddin Bin Mesbah, and Executive Director (Public Relations) A.S.M Anwar Parvez, as well as representatives of the enterprise.
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