Dhaka, March 17 -- Safety Garments Bangladesh Co. Ltd., a Chinese company, is set to invest US $12.25 million in Mongla Export Processing Zone (Mongla EPZ) to establish a high-end garments manufacturing industry.

The Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company on Monday at the BEPZA Complex in Dhaka.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, witnessed the signing ceremony, where Member (Engineering & Investment Promotion - Additional Charge) of BEPZA Md. Imtiaz Hossain and Managing Director of Safety Garments Bangladesh Co. Ltd. Shi Yan signed the agreement on behalf of their respective organizations.

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