M/s. Xingchen Textile Co. Ltd., a Chinese company, is set to invest US$ 35.03 million to establish a textile industry in the Mongla Export Processing Zone (Mongla EPZ). The company will produce 20,000 metric tons of yarn and 12,000 metric tons of woven fabrics annually by recycling garment wastage, commonly known as Jhut. In the presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Xingchen Textile Co. Ltd. at the BEPZA Complex in Dhaka today (03-11-2024). Mr. Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Mr. Chen Dehong, Chairman of Xingchen Textile Co. Ltd., signed the agreement on behalf of their respective organizations.
