China to invest 10 million US dollars in Mongla EPZ

Chinese Company M/s. Y & F Healthcare Ltd. will invest US$ 10 million in Mongla Export Processing Zone (EPZ) to produce diversified products in medical sector.

In the presence of Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Major General S M Salahuddin Islam, member of BEPZA Zillur Rahman and Managing Director of M/s. Y & F Healthcare Ltd Feng Yiming today signed the agreement on behalf of their respective organizations at BEPZA Complex in Dhaka, said a press release.

The company is going to establish a Surgical Products Manufacturing Industry in Mongla EPZ. A new multi-diversified product has been added in the export basket of Bangladesh through BEPZA, it added.

This 100% foreign owned company will produce annually 6 million pcs of PE Sleeve & Thumb Gown, CPE Shoes Cover and Thumb Gown, PVC Sleeve Cover, Lab Coat, Isolation Gown, Doctor Cap, Surgical Gown, Coveralls, Scrub suit, Surgical Drapes and Packs.

M/s Y & F Healthcare Company will create employment opportunity for 2,930 Bangladeshi nationals, the release added.

Members of BEPZA- Mohammad Faruque Alam, Mizanur Rahman, Member, Nazma Binte Alamgir, and Md. Tanvir Hossain, were also present at the signing ceremony.

Source:BSS