Bangladesh-China joint venture company Jinqiu Global Textile Bangladesh Ltd will invest $15.63 million to set up a garment accessories manufacturing unit at the Ishwardi Export Processing Zone (IEPZ) in Paksey of Pabna district.
Member (Investment Promotion) of Bepza Ali Reza Mazid and Managing Director of Jinqiu Global Textile Josim Uddin Ahmed inked the agreement in presence of the Executive Chairman of Bepza Major General Abul Kalam Mohammad Ziaur Rahman.
Ishwardi Export Processing Zone is one of the eight EPZs of Bepza located at Paksey, Pabna.
The company will annually manufacture 250 million metres and 2 million cones of garment accessories and generate employment jobs for 981 people.
The Bangladesh Export Processing Zones Authority (BEPZA) and the company recently signed an agreement in Dhaka to this effect, according to a press release from the former.
IEPZ, one of the eight EPZs of BEPZA, started operation in 2001.
At present, 22 enterprises are running and 16 others are under implementation stages in that EPZ, the press release said. Since inception in 2001, 22 enterprises are now running and 16 others are in under implementation stages in this EPZ. Around 17,000 Bangladeshi nationals are working here.
