Bangladeshi company M/s Texas Clothing Limited is to establish a garment manufacturing industry in Uttara Export Processing Zone (UEPZ) with an investment of $8.5 million, BSS reports.
An agreement to that effect was signed today between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s Texas Clothing Limited at the BEPZA complex in the city, according to a press release.
In the presence of BEPZA’s Executive Chairman, Major General Abul Kalam Mohammad Ziaur Rahman, BEPZA and Texas Clothing signed the agreement.
BEPZA Member (Investment Promotion) Ali Reza Mazid and Texas Clothing Managing Director Md. Forhad Hossan signed the agreement on behalf of their respective organizations.
The company will produce 7 million pieces of different garments like woven shirt, denim pants, twill pants, jacket and woven bottoms every year. This company will create employment opportunities for 1450 Bangladeshi nationals.
Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Public Relations) Nazma Binte Alamgir and Executive Director (Investment Promotion) Md Tanvir Hossain were present at the signing ceremony.