Wednesday, February 21, 2024

Bangladesh Boyang Textile Co. Ltd. Injects $23.15 Million into Uttara EPZ

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In a move set to revolutionize the textile industry in Bangladesh, the Bangladesh Export Processing Zones Authority (BEPZA) has just inked a game-changing agreement with China’s powerhouse, Bangladesh Boyang Textile Co. Ltd. This historic moment unfolded at the BEPZA Complex in Dhaka, with the distinguished presence of Major General Abul Kalam Mohammad Ziaur Rahman, the Executive Chairman of BEPZA.

In a show of unwavering commitment to Bangladesh’s growth, Ali Reza Mazid, BEPZA’s Member for Investment Promotion, and Peng Liu, Chairman of Bangladesh Boyang Textile Co. Ltd., joined hands and hearts in a partnership set to leave an indelible mark on the nation’s textile landscape. A remarkable highlight of this collaboration is that it marks a milestone as an entirely foreign-owned company, illustrating the escalating global interest in Bangladesh’s textile prowess.

Perhaps the most heartwarming aspect of this colossal venture is the promise of employment opportunities for a staggering 1993 Bangladeshi nationals. This investment is not just about economic numbers; it’s about changing lives and securing futures.

Bangladesh Boyang Textile Co. Ltd. Injects $23.15 Million into Uttara EPZ | In a move set to revolutionize the textile industry in Bangladesh, the Bangladesh Export Processing Zones Authority (BEPZA) has just inked a game-changing agreement with China's powerhouse, Bangladesh Boyang Textile Co. Ltd. This historic moment unfolded at the BEPZA Complex in Dhaka, with the distinguished presence of Major General Abul Kalam Mohammad Ziaur Rahman, the Executive Chairman of BEPZA.

But hold onto your hats, folks, because Bangladesh Boyang Textile Co. Ltd. is not holding back. Their ambitious plan includes the annual production of a jaw-dropping 50 million meters of premium linen, cotton, woven, and denim fabrics. But wait, there’s more – they’re also gearing up to manufacture an astonishing 3 million pieces of home textiles, featuring everything from cozy pillowcases to elegant bed sheets and tablecloths. This isn’t just about quantity; it’s about redefining quality.

The signing ceremony also witnessed the presence of key BEPZA dignitaries, including Mohammad Faruque Alam (Member for Engineering), Nafisa Banu (Member for Finance), Nazma Binte Alamgir (Executive Director for Public Relations), and Md. Tanvir Hossain (Executive Director for Investment Promotion). Their collective dedication paints a bright future for Bangladesh’s textile industry.

Now, let’s pivot our focus to the Uttara Export Processing Zone (EPZ), a beacon of hope for the Northern region. What was once a poverty-stricken area has metamorphosed into a thriving industrial powerhouse, all thanks to the establishment of Uttara EPZ in 2001.

As we speak, a dynamic workforce of 35,000 diligent Bangladeshi nationals is driving 25 operational industries within Uttara EPZ. This zone has emerged as a magnet for investments, attracting a whopping $235 million. Moreover, it has showcased its prowess on the global stage by exporting goods worth a staggering $2,342 million.

Bangladesh Boyang Textile Co. Ltd.’s monumental investment only reaffirms Bangladesh’s trajectory toward a brighter, more prosperous future. It’s a testament to the nation’s allure for foreign investors and a nod to its unwavering commitment to progress. The future is positively radiant for Bangladesh’s textile sector, and the world is taking notice. Stay tuned for more as this incredible journey unfolds!

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