Chinese company Yun Sheng BD Co Ltd is set to establish a comprehensive factory encompassing textile, garments, and accessories in Mongla Export Processing Zone (Mongla EPZ), marking the first of its kind in the zone. The company commits to an $89 million investment for the production of fabrics, garments, and garment accessories. This investment represents the highest proposed amount from a single company signing agreements to establish facilities in Mongla EPZ. The agreement formalizing this initiative was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Yun Sheng BD Co Ltd at the BEPZA Complex in Dhaka.
The agreement was inked by Ali Reza Mazid, member (Investment Promotion) of BEPZA, and Ji Lai Yang, managing director of Yun Sheng BD. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing, highlighting the significance of this venture. Yun Sheng BD’s operations will include the production of various fabrics, garments, and accessories, contributing to employment opportunities for 5,421 Bangladeshi nationals. The signing ceremony included key officials from BEPZA and representatives of Yun Sheng BD.
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