British co to set up composite textile factory in Comilla EPZ
UNB, Dhaka
An investor from British Virgin Island is going to establish a composite textile factory in Comilla Export Processing Zone at a cost of US$ 5.246 million.An agreement to this effect was signed here yesterday between the Bangladesh Export Processing Zones Authority (BEPZA) and the investor, Blossom Textile Limited, said a BEPZA press release. Md Shahjahan, member (Investment Promotion) of BEPZA, and Yeung Ngai, director of Blossom Textile Limited, have signed the lease agreement on behalf of their respective sides. The 100 percent foreign-owned company will produce annually 750,000 kg of dyed yarn and 2.1 million pieces of knitted wears. The company will also manufacture sweater, cardigan, pullover, gloves and scarf, and create employment opportunity for about 2,027 Bangladeshi and 23 foreign nationals. BEPZA Executive Chairman Md Zakir Hossain, member (Finance) Masud Ahmed, member (Engineering) Abu Reza Khan, secretary S Mahmood Yunus and general manager (Investment Promotion) AZM Azizur Rahmaan were present at the signing ceremony.
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