Chinese Yabang set to invest $300m

China’s Yabang Group is set to invest $300 million in establishing textile and chemical industries in Bangladesh’s economic zone, a top official said.

The leading Chinese dye and paint manufacturer will establish industrial units on 100 acres at Bangabandhu Sheikh Mujib Shilpanagar (BSMSN), a flagship project of the Bangladesh Economic Zones Authority (BEZA).

“We’ve received an investment proposal from Yabang Investment to set up industrial units at BSMSN that is becoming an ideal destination for multinational companies,” BEZA executive chairman Paban Chowdhury.

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