The New Nation - Internet Edition

Nation Business Report

M/s Eusebio Textile (Bangladesh) limited a Taiwanese company will set up a Polyester and Nylon Fabrics Industry in the Comilla Export Processing Zone.

The foreign owned company will invest 28 million US Dollar in setting up their unit and will produce and export annually 60 million meters of Polister and Nylon fabric. The company will also create employment opportunity for 2145 Bangladeshi including 15 foreign nationals said a press release.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the M/s. Eusebio Textile (Bangladesh) limited in BEPZA Complex, Dhaka on November 27. Prasanta Bhushan Barua, Member (Investment Promotion) of BEPZA and Lin Hui, Managing Director of M/s Eusebio Textile (Bangladesh) limited executed the agreement on behalf of their respective organization.

Other officials from respective organisations were present on the occasion.