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China to invest $ 10m to produce multi-diversified products in EPZ


Published : 27 Nov 2019 08:55 PM | Updated : 07 Sep 2020 08:48 PM

Chinese Company M/s. Y & F Healthcare Ltd. will invest US$ 10 million to produce diversified products in medical sector. In this regard, the company is going to establish a Surgical Products Manufacturing Industry in Mongla Export Processing Zone. A new multi-diversified product has been added in the export basket of Bangladesh through BEPZA.

The 100% foreign owned company will produce annually 6 million pcs of PE Sleeve & Thumb Gown, CPE Shoes Cover & Thumb Gown, PVC Sleeve Cover, Lab Coat, Isolation Gown, Doctor Cap, Surgical Gown, Coveralls, Scrub suit, Surgical Drapes & Packs. M/s Y & F Healthcare company will create employment opportunity for 2,930 Bangladeshi nationals.

In presence of Major General S M Salahuddin Islam, BP, SPP, ndc, psc, Executive Chairman of BEPZA, an agreement has signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s. Y & F Healthcare Ltd. at BEPZA Complex, in the capital on Wednesday. Zillur Rahman ndc, Member (Investment Promotion) of BEPZA and Feng Yiming, Managing Director, M/s. Y & F Healthcare Ltd. signed the agreement on behalf of their respective organizations. Mohammad Faruque Alam, Member (Engineering), Mizanur Rahman, Member (Finance), Nazma Binte Alamgir, General Manager (Public Relations) and Md. Tanvir Hossain, General Manager (Investment Promotion) of BEPZA were also present at the signing ceremony.