Chinese company Bangladesh BaoRui Textile Co Ltd will invest $19.53 million in the Mongla Export Processing Zone (EPZ) to establish a composite textile manufacturing facility.
BaoRui Textile aims to produce 10 million pounds of raw yarn, 6 million pounds of knitted fabric, and 1 million garment pieces annually under the project, which is expected to generate 1,505 jobs for Bangladeshi workers.
Huang Hua, managing director of Bangladesh BaoRui Textile, today signed an agreement in this regard with Md Ashraful Kabir, a member for investment promotion at Bangladesh Export Processing Zones Authority (Bepza), at a ceremony at the Bepza Complex in Dhaka.
At the event, Major General Abul Kalam Mohammad Ziaur Rahman, Bepza executive chairman, expressed optimism about the project, underscoring Bepza’s commitment to fostering a secure and supportive environment for investors.
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