Safety Garments Bangladesh Co. Ltd., a Chinese company, is set to invest US$ 12.25 million in the Mongla Export Processing Zone (Mongla EPZ) to establish a high-end garments manufacturing industry.
The Bangladesh Export Processing Zones Authority (BEPZA) today signed an agreement with the company at the BEPZA Complex in the city, said a press release.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony, where Member (Engineering and Investment Promotion – Additional Charge) of BEPZA Md Imtiaz Hossain and Managing Director of Safety Garments Bangladesh Co. Ltd. Shi Yan inked the agreement on behalf of their respective organizations.
The Chinese company plans to produce Reflective Jacket, Vest, T-shirt, Fleece Jacket, and Coverall and Safety Helmet, creating employment opportunities for 1616 Bangladeshi nationals.
BEPZA Executive Chairman thanked Safety Garments Bangladesh Company for choosing Bangladesh specially Mongla EPZ as their investment destination, highlighting BEPZA’s commitment to providing a secure and supportive environment for investors.
He expects the company to prioritize environmental protection while operating its business successfully in EPZ.
The signing ceremony was attended by senior BEPZA officials, including Member (Finance) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Admin) Md. Tazim-Ur-Rahman, and representatives from Safety Garments Bangladesh Co. Ltd.
Source: BSS
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