Thursday, 29 September, 2022

Bangladeshi co to invest $8.5m in Uttara EPZ

  • Staff Correspondent
  • 30 June, 2022 12:00 AM
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Bangladeshi co to invest $8.5m in Uttara EPZ

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Bangladeshi company Texas Clothing Limited is going to establish a garment manufacturing industry at Uttara Export Processing Zone (UEPZ) with an investment of $ 8.5 million.

An agreement to this effect signed between Bangladesh Export Processing Zones Authority (BEPZA) and Texas Clothing Limited at BEPZA Complex in Dhaka on Wednesday, said a press release.

In presence of the Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, BEPZA and Texas Clothing signed the agreement.

Member (Investment Promotion) of BEPZA Ali Reza Mazid and Managing Director of Texas Clothing Md Forhad Hossan inked the agreement on behalf of their respective organisations. 

The company will produce annually 7 million pieces of different garment items like Woven Shirt, Denim Pant, Twill Pant, Jacket and Woven Bottom.

This company will create employment opportunity for 1450 Bangladeshi nationals.

Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Public Relations) Nazma Binte Alamgir and Executive Director (Investment Promotion) Md. Tanvir Hossain were present.