Chinese firm to invest $30 million in CTG Economic Zone to build textile manufacturing plant
In a Nutshell:
- Huarun Tex Co Ltd, a Chinese textile firm, will invest $30 million in Bepza Economic Zone in Mirsarai, Chattogram.
- The factory will create jobs for 580 Bangladeshi workers.
- It will produce 24,000 tonnes of yarn and 20 million metres of grey woven fabric yearly.
- Bepza and Huarun Tex signed the land lease agreement on 16 July in Dhaka.
Why it Matters
The plant will create jobs for 580 Bangladeshi workers, but it's really one piece of a much bigger pattern. Chinese firms made up nearly two thirds of all investment commitments Bepza signed this fiscal year, across 36 deals worth $717.71 million. Huarun Tex isn't a standalone win, it's part of China becoming the main engine behind new factories in Bangladesh's export zones.
What We Think
The new jobs matter directly to workers in Chattogram's Mirsarai area but leaning this hard on one country is risky. Bepza has already turned down a $135 million Chinese textile proposal because Mirsarai simply doesn't have enough water to supply it, a sign the zone's infrastructure hasn't caught up with the pace of Chinese interest. If that dependence keeps growing while gaps like this stay unresolved, Bangladesh could end up more exposed to Beijing's and Washington's decisions than its own.
