Sino-Bangla JV To Invest US $15.63 Mln In Ishwardi EPZ

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Jinqiu Global Textile Bangladesh Ltd., a China-Bangladesh joint venture company to set up a new manufacturing unit in Ishwardi Export Processing Zone (IEPZ), Bangladesh with an investment of US$ 15.63 million.

To this effect, Bangladesh Export Processing Zones Authority (BEPZA) and Jinqiu Global Textile Bangladesh Ltd, signed an agreement at at BEPZA Complex, Dhaka on 6 October 2022.

In presence of the Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, BEPZA & Jinqiu Global Textile signed the agreement. Ali Reza Mazid of BEPZA and Josim Uddin Ahmed, Managing Director of Jinqiu Global Textile signed the agreement on behalf of their respective organisations.

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This joint venture company will manufacture annually 250 million meters & 2 million Cones of different types of garments accessories products and create employment opportunity for 981 Bangladeshi nationals.

Among others, Mohammad Faruque Alam – Executive Director (Public Relations) Nazma Binte Alamgir, Md. Tanvir Hossain – Executive Director (Investment Promotion), Md. Khorshid Alam – Executive Director (Enterprise Services) and He Ping – Director of Jinqiu Global Textile, along with other representative were present during the signing ceremony.

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