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Canada-China owned company to invest $91.15m in Ishwardi EPZ

Canada-China owned company to invest $91.15m in Ishwardi EPZ

M/s Big Dipper Textile Mills Ltd, a Canada-China owned enterprise, is going to establish a textile industry in Ishwardi Export Processing Zone (IEPZ) with an investment of $91.15 million.

An agreement to this effect was signed on Monday (Aug 22) between Bangladesh Export Processing Zones Authority (BEPZA) and M/s Big Dipper Textile Mills Ltd at BEPZA Complex in the city, said a press release.

In presence of Major General Abul Kalam Mohammad Ziaur Rahman, the Executive Chairman of BEPZA, Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Wong Jammy Kwok Chan, Chairman of Big Dipper Textile Mills Limited signed the agreement on behalf of their respective organizations.

This fully foreign owned company will produce annually 15,422 MT Yarn. 1209 Bangladeshi nationals will get employment opportunities in this factory.

Mentionable, there are three other industries operating their business in Ishwardi and Dhaka EPZ of this enterprise.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain and Executive Director (Enterprise Services) Md. Khorshid Alam were present during the agreement signing ceremony.