NEWS

Bangladesh Jinlite to invest $89m to set up first composite factory in Mongla EPZ

Updated:

2023-12-04

The company will create employment opportunities for over 5,000 Bangladeshi nationals.

An agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Yun Sheng BD Co Ltd at BEPZA Complex in Dhaka on Monday (4 December). Photo: Courtesy

In the end of 2023, we invest the new company: Yun Sheng BD Co Ltd. It is going to establish a composite (textile, garments and accessories) factory in Mongla Export Processing Zone (Mongla EPZ). This would be the first such kind of factory in Mongla EPZ. .It will help Jinlite to improve the supply chain in Bangladesh.

Jinlite will invest $89 million to produce fabrics, garments and garments accessories items. It would be the highest amount of proposed investment ever from a single company that signed agreements to establish factories in Mongla EPZ, said a press release.

An agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Yun Sheng BD Co Ltd to this effect at BEPZA Complex in Dhaka on Monday (4 December).

Reference: https://www.tbsnews.net/economy/chinese-company-invest-89m-set-first-composite-factory-mongla-epz-751566