Chinese company M/s. Hua Xin Industrial Co. Ltd. will invest US$ 36 million to establish a Jute & Cotton Textile and Jute based Furniture manufacturing industry in Mongla Export Processing Zone.
This fully foreign owned company will produce annually 15,000 tons of Jute Yarn, 6 million sq. meters of Jute & Cotton Cloth and 10,750 sets of Jute based furniture. 1755 Bangladeshi nationals will get employment opportunity in this company.
An agreement to this effect has signed between Bangladesh Export Processing Zones Authority and M/s. Hua Xin Industrial Co. Ltd. at BEPZA Complex in Dhaka today (13-11-2014). Mr. Sayed Nurul Islam, Member (Investment Promotion) of BEPZA and Mr. Lu Zhenyu, Managing Director of Hua Xin Industrial Co. Ltd. inked the agreement on behalf of their respective organizations.
Major General Mohd. Habibur Rahman Khan, ndc, psc, Executive Chairman, Mr. Md. Abdur Rahman, Member (Engineering), AKM Mahbubur Rahman Member (Finance), Mr. AZM Azizur Rahman, General Manager (Investment Promotion) and Mrs. Nazma Binte Alamgir, General Manager (Public Relations) of BEPZA were present at the signing ceremony.