Press Release: Chinese company M/s Yun Sheng BD Co. Ltd. is going to establish a composite (Textile, Garments & Accessories) industry in Mongla Export Processing Zone (Mongla EPZ). This would be the first such kind of factory in Mongla EPZ. Yun Sheng BD will invest US$ 89 million to produce fabrics, garments & garments accessories items. It would be the highest amount of proposed investment ever from a single company signed agreements to establish factories in Mongla EPZ.
An agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Yun Sheng BD Co. Ltd. to this effect at BEPZA Complex, Dhaka today (04-12-2023). Mr. Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Mr. Ji Lai Yang, Managing Director of Yun Sheng BD signed the agreement on behalf of their respective organizations. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the signing ceremony.
Yun Sheng BD will produce Woven/Knitted Fabrics, Padding, Quilting, Printing Fabrics, Embroidered Fabrics, Coated Fabrics, Laminated Fabrics, all kind of tape, Knit & Woven garments products etc. This company will create employment opportunity for 5421 Bangladesh nationals.
Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Administration) A N M Foyzul Haque, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam and Executive Director (Public Relations) A.S.M. Anwar Parvez along with representative of the enterprise were present during the signing ceremony.
The opening of the Padma Bridge has transformed Mongla EPZ as one of the best investment destinations to foreign & local investors. Once lagging behind the other seven EPZs of the country, Mongla EPZ has attracted investment of US$ 61 million, double the set target, in just ended fiscal year 2022-23. BEPZA signed lease agreements with five companies including Yun Sheng BD ltd. with proposed investment of US$ 142.7 million to invest in Mongla EPZ after the opening of the Padma Bridge.
Mentionable that, at present around 15,000 Bangladeshi nationals are working in the 31 operational industries of Mongla EPZ. The zone has so far attracted investment of US$ 205 million and exported goods worth of US$ 1169 million.