Xingchen Textile will invest $35.03 million to establish a textile industry in the Mongla Export Processing Zone, recycling garment wastage known as ‘jhut.’
The facility aims to produce 20,000 metric tonnes of yarn and 12,000 metric tonnes of woven fabrics annually.
An agreement was signed, with the investment expected to create 600 jobs for Bangladeshi nationals.Xingchen Textile will invest $35.03 million to establish a textile industry in the Mongla Export Processing Zone, recycling garment wastage known as ‘jhut.’
The facility aims to produce 20,000 metric tonnes of yarn and 12,000 metric tonnes of woven fabrics annually.
An agreement was signed, with the investment expected to create 600 jobs for Bangladeshi nationals.
