Business Desk :
Chinese company Qinda Outdoor (BD) Co Ltd is going to invest $12 million to set up a factory at Ishwardi Export Processing Zone (IEPZ).
The company will produce annually two million pieces of tents, canopy, bags, sleeping bags, backpacks, tarpaulins, awnings, sunblinds, mosquito nets, portable folding chairs, recycle bins and umbrellas, said a press release of the Bangladesh Export Processing Zones Authority (Bepza).
To this end, Ali Reza Mazid, investment promotion member of Bepza, and Zhang Yan, representative of Qinda Outdoor, signed an agreement on behalf of their respective organisations at Bepza Complex in Dhaka on Tuesday.
This investment will create employment opportunities for 2,973 Bangladeshi nationals, it said.
