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22 October, 2019 10:49:21 AM

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Chinese co to invest $ 2 million in Chattogram EPZ

BSS, Dhaka
Chinese co to invest $ 2 million in Chattogram EPZ

Chinese Company M/S Yifa Jute and Sisal Products Company Limited will invest US$ 2 million to establish a jute and sisal products manufacturing industry in Chattogram Export Processing Zone (EPZ).

In this regard, Bangladesh Export Processing Zones Authority (BEPZA) and M/S Yifa Jute and Sisal Products Company Limited today inked an agreement at BEPZA Complex in the capital, said a press release.

Member (Investment Promotion) of BEPZA Zillur Rahman and Chairman of M/S Yifa Jute and Sisal Products Company Limited Mo Jisheng signed the agreement on behalf of their respective organisations.

BEPZA Executive Chairman Major General S M Salahuddin Islam, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Mizanur Rahman, General Manager (Public Relations) Nazma Binte Alamgir and General Manager (Investment Promotion) Md Tanvir Hossain were present at the signing ceremony.

This fully foreign owned company will produce annually 1000 tons rope and 1500 tons twine from Jute and Sisal, said a press release.

Besides, jute and sisal cloth, manila and cotton rope and cotton twine will also be produced here.

M/S Yifa Jute and Sisal Products Company Limited will create employment opportunity for 101 Bangladeshi nationals.

BK

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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