QSL.S Garments Co Ltd, a Chinese firm, is gearing up to establish a new ready-made garment (RMG) factory in the Mongla Export Processing Zone located in Bagerhat.
This fully foreign-owned company plans to manufacture a whopping 6 million pieces of woven and knit clothing annually.
Their product lineup includes shirts, T-shirts, jackets, pants, and shorts, as stated in a press release.
Moreover, this significant investment isn’t just about business—it’s about jobs, too. The venture is expected to create employment opportunities for 2,598 Bangladeshi nationals.
This marked a crucial step in this development as the company officially sealed the deal. The company signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) at the Bepza Complex in Dhaka, solidifying its commitment to this ambitious project.
This investment signifies a growing trend of international companies recognizing the potential in Bangladesh’s RMG sector.
As the agreement will set up shop in the Mongla Export Processing Zone, it not only expands the operations but also contributes to the country’s economic growth and employment prospects.
This move by QSL.S Garments Co Ltd aligns with Bangladesh’s ongoing efforts to bolster its RMG industry.
China has long been a prominent player in the global textile and apparel market, and this new factory adds another feather to its cap.
The agreement shows the bonding between the two countries that promises collaboration and growth.
The agreement indicates that Bangladesh continues to be an attractive destination for foreign investments in the textile sector.