Chinese firm to invest $76.41 million in BEPZA EZ

A Chinese company Mingda (Bangladesh) New Material Co. Ltd. intends to invest US$ 76.41 million in the BEPZA Economic Zone (EZ) to manufacture a range of goods.

It is the largest anticipated investment from a single business that has contracted to build facilities in BEPZA EZ, according to a press statement.

The Mingda and the Bangladesh Export Processing Zones Authority (BEPZA) inked a contract to this effect on Thursday at the BEPZA Complex in the city.

Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Huang Shangwen, Director of Mingda (Bangladesh) New Material Co. Ltd., signed the deal on behalf of their respective businesses.

According to Huang Shangwen, director of Mingda (Bangladesh), the company will largely produce various types of synthetic textiles.