Safety Garments Bangladesh Co. Ltd., a Chinese company, is set to invest US $12.25 million in Mongla Export Processing Zone (Mongla EPZ) to establish a high-end garments manufacturing industry.
The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company on Monday at the BEPZA Complex in Dhaka.
BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the signing ceremony, where Member (Engineering & Investment Promotion – Additional Charge) of BEPZA Md. Imtiaz Hossain and Managing Director of Safety Garments Bangladesh Co. Ltd. Shi Yan signed the agreement on behalf of their respective organizations.
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The Chinese company plans to produce reflective jackets, vests, T-shirts, fleece jackets, coveralls, and safety helmets, creating employment opportunities for 1616 Bangladeshi nationals.
BEPZA Executive Chairman thanked Safety Garments Bangladesh Company for choosing Bangladesh, especially Mongla EPZ, as their investment destination, highlighting BEPZA's commitment to providing a secure and supportive environment for investors, said a press relese.