Chinese firm to invest $2m in Ctg EPZ
An agreement was signed between Bangladesh Export Processing Zones Authority (Bepza) and a Chinese company yesterday for implementing the latter’s plan to invest $2 million to establish a factory inside Chattogram Export Processing Zone. Yifa Jute & Sisal Products plans to annually produce 1,000 tonnes of rope and 1,500 tonnes of twine alongside cloth from jute and sisal employing some 101 Bangladeshis. It also plans to make such products from Manila hemp and cotton.
Zillur Rahman, Bepza member (investment promotion), and Mo Jisheng, chairman of the Yifa, signed the agreement at BEPZA Complex, Dhaka, says a press release.
