Chinese company Qinda Outdoor (BD) Limited is going to set up a tent, sleeping bag, and bag manufacturing industry at Ishwardi Export Processing Zone (IEPZ).
The company will invest USD $ 12 million and produce 2 million pieces of tent, canopy, bags, sleeping bags, back Pack, tarpaulins, awnings, sunblinds, Mosquito Net, Portable Folding Chair, Recycle Bin, and Umbrella.
The company will create employment opportunities for 2973 Bangladeshi nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Qinda Outdoor (BD) Co. Ltd at BEPZA Complex, in the capital on Tuesday, said a BEPZA press release on Wednesday.
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Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Zhang Yan, representative of Qinda Outdoor signed the agreement on behalf of their respective organizations.
Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Directors Md. Zakir Hossain Chowdhury, Nazma Binte Alamgir, Md. Tanvir Hossain and Md. Khorshid Alam was present during the signing ceremony