China-based Tianford Bangladesh Textile to invest $19.6 million in Uttara EPZ

Tianford Bangladesh Textile Co Ltd, a China (Hong Kong)-based firm, is set to establish a readymade garment (RMG) manufacturing unit inside the Uttara Export Processing Zone (EPZ) with an investment of $19.59 million.

The company signed a land lease agreement with the Bangladesh Export Processing Zones Authority (Bepza) today at the Bepza Complex in Dhaka, according to a press release.

The project is expected to create employment opportunities for 3,254 Bangladeshi nationals.

On 24,000 square metres of land, the company will manufacture 7 million pieces of woven and knit garments annually, including bottoms, shirts, jeans, jackets, and sweaters.

The products will be exported to major global markets, including the USA, Canada, Japan, China, Australia, Brazil, the UK, and the EU.

Md Tanvir Hossain, executive director for investment promotion of Bepza, and Ge Zhenyu, nominee director of Tianford Bangladesh Textile, signed the agreement on behalf of their respective organisations.

Bepza Executive Chairman Major General Mohammad Moazzem Hossain, who witnessed the signing, said the new government has assumed office with a strong focus on promoting investment.

He reaffirmed Bepza’s commitment to providing modern, investor-oriented services and encouraged the firm to source quality raw materials locally to strengthen domestic industries.

Ge Zhenyu expressed confidence in Bangladesh as an attractive destination for global investors. He informed that factory construction will commence in April this year, with exports expected to begin next year.

Bepza’s Member for Engineering Abdullah Al Mamun, Member for Finance ANM Foyzul Haque, Executive Director for Administration Samir Biswas, and Executive Director for Public Relations ASM Anwar Parvez were also present at the signing ceremony.