Jinqiu Global Textile Bangladesh Ltd., a China-Bangladesh joint venture company is going to establish a garments accessories manufacturing industry in Ishwardi Export Processing Zone (IEPZ) with an investment of US$ 15.63 million, a press release said Thursday.
An agreement to this effect signed between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Jinqiu Global Textile Bangladesh Ltd. at BEPZA Complex, Dhaka on Thursday.
Executive chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, BEPZA & Jinqiu Global Textile signed the agreement. Member (investment promotion) of BEPZA Ali Reza Mazid and MD of Jinqiu Global Textile Josim Uddin Ahmed inked the agreement on behalf of their respective organizations.
This joint venture company will manufacture annually 250 million meters & 2 million cones of different types of garments accessories products. This company will create employment opportunity for 981 Bangladeshi nationals.
Member (engineering) Mohammad Faruque Alam, executive director (public relations) Nazma Binte Alamgir, executive director (investment promotion) Md. Tanvir Hossain, executive director (enterprise services) Md. Khorshid Alam and director of Jinqiu Global Textile He Ping were also present during the signing ceremony.
