Bangladesh continues to attract significant foreign investment in its thriving garment industry. On December 23, 2024, Ding Yu (BD) Enterprise Ltd., a Chinese apparel manufacturing company, signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to invest US$ 28.92 millionin theBEPZA Economic Zone (BEPZA EZ). The signing ceremony, held at the BEPZA Complex in Dhaka, marks another milestone in Bangladesh’s growing role as a hub for global textile manufacturing.
A Promising Partnership with BEPZA
The agreement was signed by Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Zhuofan Cai, Managing Director of Ding Yu (BD) Enterprise Ltd., in the presence of BEPZA Executive Chairman Major General Abul Kalam & Mohammad Ziaur Rahman, BSP, NDC, PSC. The collaboration will pave the way for Establishing a state-of-the-art garment manufacturing industry, poised to strengthen the country's economy and enhance its export capabilities.
Investment Highlights
Ding Yu (BD) Enterprise Ltd. plans to produce 50 million pieces of garments annually, including underwear, T-shirts, yoga pants, and swim pants. This project is set to create employment opportunities for 3,135 Bangladeshi nationals, further empowering the local workforce and contributing to sustainable economic development.
BEPZA’s Commitment to Investors
At the event, BEPZA Executive Chairman expressed gratitude to Ding Yu (BD) Enterprise for selecting BEPZA EZ as their investment destination. He emphasized BEPZA's dedication to offering a secure and supportive environment for investors, which has been instrumental in attracting both domestic and international enterprises. "We welcome Ding Yu (BD) Enterprise as a valued member of the BEPZA family," he remarked, reaffirming the authority’s commitment to fostering long-term partnerships.
Attendees at the Ceremony
The signing ceremony was graced by senior BEPZA officials, including:
Md. Imtiaz Hossain, Member (Engineering)
A N M Foyzul Haque, Member (Finance)
Md. Khorshid Alam, Executive Director (Enterprise Services)
Moshiuddin Bin Mesbah, Executive Director
A.S.M Anwar Parvez, Executive Director (Public Relations)
Representatives from Ding Yu (BD) Enterprise Ltd. also attended the event, underscoring the shared enthusiasm for this collaborative venture.
Strengthening Bangladesh’s Apparel Industry
This investment highlights the potential of BEPZA Economic Zone as a lucrative destination for global investors in the textile sector. By fostering strategic partnerships, BEPZA continues to bolster Bangladesh’s position as a leading exporter of high-quality garments, contributing to the nation’s economic growth and global competitiveness.
Conclusion
The partnership between BEPZA and Ding Yu (BD) Enterprise Ltd. represents a significant step in expanding Bangladesh's apparel manufacturing capabilities. With robust support from BEPZA, this initiative is poised to create employment, enhance exports, and elevate Bangladesh's standing in the global textile industry.
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