Two Chinese companies are set to invest around Tk 244 crore, equivalent to $28.69 million, in Bangladesh for establishing manufacturing units for non-woven personal protective equipment (PPE), steel structural items and ready-mix concrete.
The duo will sign an agreement with Bangladesh Economic Zones Authority (Beza) tomorrow to take lease of land to set up the factories at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).
Beza Executive Chairman Paban Chowdhry termed the investment a really encouraging development during a pandemic and more so for its offer of import substitutes.
This exemplifies foreign investors confidence built up through Beza s performance and government initiatives to create a business friendly environment, he said.