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Bangla-China JV to invest $15.63 mn to set up garment accessories unit

08 Oct '22
1 min read
Pic: Bangladesh Export Processing Zones Authority (BEPZA)
Pic: Bangladesh Export Processing Zones Authority (BEPZA)

Bangladesh-China joint venture company Jinqiu Global Textile Bangladesh Ltd will invest $15.63 million to set up a garment accessories manufacturing unit at the Ishwardi Export Processing Zone (IEPZ) in Paksey of Pabna district. The company will annually manufacture 250 million metres and 2 million cones of garment accessories and generate employment jobs for 981 people.

The Bangladesh Export Processing Zones Authority (BEPZA) and the company recently signed an agreement in Dhaka to this effect, according to a press release from the former.

IEPZ, one of the eight EPZs of BEPZA, started operation in 2001.

At present, 22 enterprises are running and 16 others are under implementation stages in that EPZ, the press release said.

Fibre2Fashion News Desk (DS)

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