Bangladesh BaoRui Textile Co Ltd, a Chinese company, will invest $19.53 million to establish a composite textile manufacturing facility in the Mongla Export Processing Zone (EPZ). The project aims to produce 10 million pounds of raw yarn, 6 million pounds of knitted fabric, and 1 million garment pieces annually, creating 1,505 jobs for Bangladeshi workers.
Huang Hua, managing director of BaoRui Textile, signed the agreement with Md Ashraful Kabir from the Bangladesh Export Processing Zones Authority (BEPZA) at a ceremony in Dhaka. Major General Abul Kalam Mohammad Ziaur Rahman, Bepza’s executive chairman, emphasized Bepza’s commitment to providing a secure and supportive environment for investors, expressing optimism about the project’s potential to enhance the country’s textile industry and economic growth.
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