Chinese-owned Huaran Tex Company Limited will invest 30 million US dollars to establish a textile manufacturing factory at the BEPZA Economic Zone in Mirsarai, Chattogram. The land lease agreement between the Bangladesh Export Processing Zones Authority (BEPZA) and Huaran Tex was signed on July 16 at the BEPZA Complex in Dhaka. The factory, to be built on 36,000 square meters of land, will produce 24,000 tons of yarn and 20 million meters of grey woven fabric annually once fully operational, creating employment for 580 Bangladeshi workers.

The agreement was signed by BEPZA Member (Investment Promotion) Md. Tanvir Hossain and Huaran Tex Managing Director Mr. Bin Wang, with BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessing the ceremony. Senior officials from BEPZA and representatives of the company were also present.

During the event, the BEPZA Executive Chairman thanked Huaran Tex for choosing the BEPZA Economic Zone as its investment destination and reaffirmed BEPZA’s commitment to providing a secure, modern, and business-friendly environment for investors.