Chinese company Taisheng (Bangladesh) Webbing Co. Ltd. has recently inked a deal with the Bangladesh Export Processing Zones Authority (BEPZA) to invest US$ 6 million in setting up a manufacturing unit in the BEPZA Economic Zone. The agreement was signed in the presence of Major General Abul Kalam Mohammad Ziaur Rahman, Executive Chairman of BEPZA.

In a strategic move to bolster Bangladesh's garment industry, Taisheng (Bangladesh) Webbing Co. Ltd. has finalized a significant investment deal with the Bangladesh Export Processing Zones Authority (BEPZA). The agreement, valued at US$ 6 million, will pave the way for the establishment of a state-of-the-art manufacturing facility in the BEPZA Economic Zone, located within the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.

The agreement, signed in the presence of Major General Abul Kalam Mohammad Ziaur Rahman, Executive Chairman of BEPZA, marks a milestone in Bangladesh's economic landscape. Ali Reza Mazid, representing BEPZA, and Li Yecai, Managing Director of Taisheng (Bangladesh) Webbing Co. Ltd., exchanged signatures, solidifying their commitment to the venture.

Taisheng (Bangladesh) Webbing Co. Ltd. is set to diversify Bangladesh's manufacturing sector with its production line, which will include shoe lace, elastic, draw cord, drawstring, string, webbing belt, and webbing tape. This expansion is not only poised to enhance Bangladesh's export potential but also promises to generate employment opportunities for 200 Bangladeshi nationals annually.

The signing ceremony, held at the BEPZA Complex, was attended by esteemed dignitaries and industry representatives. Notable attendees included Mohammad Faruque Alam, Member (Engineering); Md. Ashraful Kabir, Member (Finance); A N M Foyzul Haque, Executive Director (Admin); Md. Tanvir Hossain, Executive Director (Investment Promotion); A.S.M. Anwar Parvez, Executive Director (Public Relations), alongside representatives from the enterprise.

This collaborative effort between BEPZA and Taisheng (Bangladesh) Webbing Co. Ltd. underscores a shared commitment to fostering economic growth and industrial development in Bangladesh. With the infusion of foreign investment and the creation of job opportunities, the partnership sets a promising trajectory for the nation's economic prosperity and industrial advancement.