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

BTJ Desk Report
China-Bangladesh joint venture company to invest $15.63m in Ishwardi EPZ

Big Dipper Textile Mills Ltd, a Canada-China-owned enterprise, is going to establish a Textile industry in Ishwardi Export Processing Zone (IEPZ) with an investment of $91.15 million, BSS reported.

This fully foreign-owned company will produce annually 15,422 MT Yarn and 1209 Bangladeshi nationals will get employment opportunities in this factory.

An agreement to this effect was signed Monday between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Big Dipper Textile Mills Ltd at the BEPZA Complex of the capital.

In presence of Major General Abul Kalam Mohammad Ziaur Rahman, the Executive Chairman of BEPZA, Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Wong Jammy Kwok Chan, Chairman of Big Dipper Textile Mills Limited signed the agreement on behalf of their respective organizations.

Mentionable, there are 3 other industries operating their business in Ishwardi and Dhaka EPZ of this enterprise.

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 present during the agreement signing ceremony.


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