Chinese company to invest $19.5mn in Mongla EPZ

Chinese factory M/s QSL.S Garments Company Ltd is going to set up a Readymade Garments (RMG) in Mongla EPZ (MEPZ) with an investment of $19.5 million.

In presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Bangladesh Export Processing Zones Authority (BEPZA) and M/s QSL.S Garments Co. Ltd. on Sunday signed an agreement to this effect at BEPZA Complex in the city.

Nafisa Banu, member (Finance) of BEPZA, and Wanle Xuan, managing director of QSL.S Garments Co. Ltd. signed the agreement on behalf of their respective organisations, said a press release.

This fully foreign owned company will produce annually six million pieces of woven, knit garments products like shirt, T-shirt, jacket, pant, shorts and others.

They will create employment opportunities for 2,598 Bangladeshi nationals there.

Among others, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain and Executive Director (Enterprise Services) Md Khorshid Alam witnessed the signing ceremony.