Canada-China owned company to invest $91.15 mn in Ishwardi EPZ

23 Aug '22

1 min read

Pic: 123rf.com

Canada-China owned enterprise Big Dipper Textile Mills Ltd is set to establish a textile industry in Ishwardi Export Processing Zone (IEPZ) in Bangladesh. An agreement to this effect has been signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Big Dipper Textile Mills Ltd at BEPZA Complex, Dhaka.

The executive chairman of BEPZA and member (investment promotion) Ali Reza Mazid and chairman of Big Dipper Textile Mills Ltd Wong Jammy Kwok Chan signed the agreement on behalf of their respective organisations. Major General Abul Kalam Mohammad Ziaur Rahman was also present at the event, according to a press release by BEPZA.

The fully foreign owned factory is expected to produce 15,422 MT yarn annually and employ around 1209 Bangladeshi nationals. Big Dipper Textile Mills Ltd also has three other industries operating in Ishwardi and Dhaka EPZs, added the release.

Among others, member (engineering) Mohammad Faruque Alam, member (finance) Nafisa Banu, executive director (administration) Md. Zakir Hossain Chowdhury, executive director (public relations) Nazma Binte Alamgir, executive director (investment promotion) Md. Tanvir Hossain, and executive director (enterprise services) Md. Khorshid Alam were also present during the agreement signing ceremony.

Fibre2Fashion News Desk (NB)

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