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08 December 2022

Business Insider Bangladesh

CEPZ to get $9.6mn Chinese investment in RMG industry

BI Report || BusinessInsider

Published: 16:56, 3 October 2022   Update: 16:59, 3 October 2022
CEPZ to get $9.6mn Chinese investment in RMG industry

A view of the entrance of Chattogram Export Processing Zone. Photo: File

Intex Link Garments (BD) Limited, a Chinese company, is going to set up a garment industry in Chattogram Export Processing Zone (CEPZ) with an investment of $9.58 million (equivalent to Tk 966 crore).

The fully foreign-owned company will produce 61 million pieces of T-shirt, woven pants and jacket, ladies bra and panty, mans’ boxer and sleepwear annually, said a news release.

Some 2,659 Bangladeshi nationals will get employment opportunities in this factory.

An agreement to this effect was signed on Monday between Bangladesh Export Processing Zones Authority (BEPZA) and Intex Link Garments (BD) Limited at BEPZA Complex in the city.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Junting Tan, managing director of Intex Link Garments, signed the agreement on behalf of their respective ends.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.

Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam were present during the signing ceremony.


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