Chinese Cos to invest $76.41m in Bepza EZ

Business Report :
Chinese company Mingda (Bangladesh) New Material Co Ltd will invest $76.41 million in Bepza Economic Zone to produce different types of cotton product.
It is the highest amount of investment proposal that came from a single company among the ones who have signed agreements to establish factories inside Bepza EZ.
The list of products Mingda (Bangladesh) will produce includes imitation silk cotton, tile cotton, needle punched cotton, different types of artificial/manmade fabric, artificial fabrics, including geotextile, different hospital products, bags and packaging items, including geo-bag and non-woven bag.

Around 2,830 Bangladesh nationals will get employment opportunities in the factory, the Bangladesh Export Processing Zones Authority (Bepza) said in a statement.
Ali Reza Mazid, member for investment promotion at Bepza, and Huang Shangwen, director of Mingda (Bangladesh) New material Co Ltd, signed an agreement in this regard at Bepza Complex in Dhaka on Thursday.