Finance News

148 crore investment in making clothing equipment

China-Bangladesh joint-owned company Jingq Global Textile Bangladesh Limited will invest in Ishwardi Export Processing Zone (EPZ) to set up a factory for manufacturing various equipment for the ready-made garment sector.

The company will invest 1 crore 56 lakh 30 thousand US dollars or 148 crore 48 lakh 50 thousand taka (95 taka per dollar) for this.

Jingqiu Global will produce 25 million meters and 20 million different types of garment equipment annually. 981 Bangladeshis will be employed here.

To this end, an agreement was signed at the executive office of Bangladesh Export Processing Zone Authority (BEPZA) on Green Road in the capital today. Bepza Member (Investment Development) Ali Reza Majid and Jasim Uddin Ahmed, Managing Director of ZingQ Global Textile Bangladesh signed the agreement on behalf of their respective organizations.

At that time, Bepza Executive Chairman Abul Kalam Mohammad Ziaur Rahman, Member Mohammad Farooq Alam, Executive Director Najma Binte Alamgir, Director He Ping of Zingq Global Textile and others were present.

Production operations started in 2001 at Ishwardi EPZ located at Pakshi in Pabna district. At present, there are 22 factories employing about 17,000 Bangladeshi citizens. Apart from this, 16 more factories are under construction.

This Durga Puja sale is better than last year. And the businessmen are happy with that. Yesterday, Saturday, the puja started with Mahashasthi, but last minute sales were crowded in various markets of the capital. Businessmen say that after the shock of Corona, the business was a bit stagnant during Durga Puja last year. This time the speed has increased.

The businessmen said that the businessmen’s preparation was good this time around the puja. Brands have picked up new designs of clothes. There were special discounts to attract buyers. In this, the sales of clothing brands have increased from 15 to 60 percent compared to last year.

Talking to the traders, it is said that the smaller ones have done more or less good business without the big brands. The sales of some have surpassed those of the previous few years. Businessmen have expressed their satisfaction with the business centered on worship.

In the last two days, this information was known by visiting several shops in Bashundhara City, New Market, Dhanmondi and Mirpur areas of the capital and talking to businessmen. The sellers said that sarees, salwar-kameez, pajamas-punjabi, shirts-pants, shoes etc. have been sold more in this year’s puja. Apart from these, buyers have also shown interest in buying jewelery products and various gift items.

Fashion house Anjan’s has brought 30 types of new designed clothes on the occasion of Puja. Apart from this, the brand has brought eight special packages of similar clothes for all members of the family. If you want to know, the manager of Bashundhara City branch of Anjans said. Kawshar Ahmed said, “Compared to last year, I got better response from buyers this time. Almost all the clothes that were brought for the puja have been sold.