Ishwardi EPZ gets $91mn investment in textile sector

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. 

An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Big Dipper Textile Mills Ltd at BEPZA Complex in Dhaka on Monday, according to a news release. 

In presence of Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of BEPZA, Ali Reza Mazid, member (investment promotion) of BEPZA and Wong Jammy Kwok Chan, chairman of Big Dipper Textile Mills Ltd, signed the agreement on behalf of their respective ends.

This fully-foreign owned company will produce 15,422 tonnes of yarn annually. Some 1,209 Bangladeshi nationals will get employment opportunities in this factory. 

Among others, BEPZA 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 & Executive Director (Enterprise Services) Md Khorshid Alam were present during the agreement signing ceremony.