Dhaka: Chinese company Huarun Tex Co. Ltd. is set to invest US$30 million to establish a textile manufacturing factory at the Bangladesh Export Processing Zones Authority (BEPZA) Economic Zone in Mirsharai of Chattogram. The planned facility aims to produce 24,000 tonnes of yarn and 20 million metres of grey woven fabric annually, while also generating employment for 580 Bangladeshi nationals, as per a recent press release.

According to United News of Bangladesh, a land lease agreement was signed between BEPZA and Huarun Tex Co. Ltd. at the BEPZA Complex in Dhaka recently. The agreement was signed by Md Tanvir Hossain, Member (Investment Promotion) of BEPZA, and Bin Wang, Managing Director of Huarun Tex Co. Ltd., representing their respective organizations.

BEPZA Executive Chairman Major General Mohammad Moazzem Hossain was present at the signing ceremony. He expressed gratitude to Huarun Tex Co. Ltd. for choosing Bangladesh, especially the BEPZA Economic Zone, as its investment location. He reiterated BEPZA’s commitment to providing a secure, modern, and investor-friendly business environment, assuring full support to facilitate the smooth implementation and operation of the project.