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Chinese Yabang set to invest $300m

The Bangladesh Chronicle

Physical and mental health in danger This is Rahim. Long hours, low or no wages, poor food, isolation and hazardous working conditions, like in this lead factory, can severely affect the physical and mental health of children like Rahim. More so as child laborers are also vulnerable to other abuses such as racial discrimination, mistreatment and sexual abuse.

The Financial Express

SAIF UDDIN | July 27, 2020 

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.

He identified development as a noteworthy example of BEZA’s effort to woo foreign and local investment amid the ongoing pandemic. “We’re continuing our endeavour to attract and facilitate investment defying challenges like the coronavirus pandemic,” the BEZA chief told the FE on Sunday evening.

saif.febd@gmail.com

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