Sino-Bangla joint venture to invest $15.63m in IEPZ

Business Desk :
Jinqiu Global Textile Bangladesh Limited, a China-Bangladesh joint venture company, is going to invest $15.63 million to set up the garments accessories manufacturing industry in Ishwardi Export Processing Zone (IEPZ).
The company will manufacture 250 million metres and 2 million cones of different types of garments accessories annually and generate employment opportunities for 981 Bangladeshi nationals.
To this effect, Bangladesh Export Processing Zones Authority (Bepza) and Jinqiu Global Textile Bangladesh Ltd signed an agreement at Bepza office in Dhaka on Thursday, according to a press release.
IEPZ, one of the eight EPZs of Bepza, started operation in Paksey of Pabna in 2001.
At present, 22 enterprises are running and 16 others are under implementation stages in the EPZ where around 17,000 Bangladeshi nationals are working, Bepza said in the press release.