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Mingda (Bangladesh) New Material Co. Ltd. signed an agreement with BEPZA to invest $76.41 million in a factory in BEPZA Economic Zone, Bangladesh, to produce artificial fabric and other products, creating 2,830 jobs.
Big Dipper Textile Mills Ltd, a Canada-China owned enterprise, will establish a textile industry in Ishwardi Export Processing Zone (IEPZ) with an investment of $91.15 million. The plant will produce 15,422 tons of yarn annually and create 1,209 jobs.