China-owned company Xihe Textile Technology Bangladesh Limited will establish a garment manufacturing industry at Mongla Export Processing Zone (EPZ) with an investment of $12.89 mn. Around 3,000 people will get employed at the unit, which will manufacture 5 mn pieces of woven garments and 2.3 mn pieces of knit garments annually.
An agreement regarding this was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and the company in Dhaka recently; according to a report. BEPZA member (investment promotion) Ali Reza Mazid and company Managing Director Yang Jilai signed the agreement.
The same group owns another readymade garments factory, Garments Manufacture JINLITE Bangladesh, in Mongla EPZ.
