Aadi Towels to set up plant in CEPZ

Chittagong: A Canada-USA company named Aadi Towels (BD) Ltd, is to set up a textile manufacturing industry in the Chittagong Export Processing Zone with an investment of 12 million US dollar. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and the Aadi Towels (BD) Ltd in the capital on Thursday, a BEPZA press release said. Prasanta Bhushan Barua, member (investment promotion) of BEPZA, and Mohammad Shahabuddin, general manager of Aadi Towels (BD) Ltd, signed the lease agreement on behalf of their respective organisations.


The 100 per cent foreign owned company will annually produce 8.5 million kilograms of textile products including wash cloths, kitchen and surgical towels and apron. It will also create jobs for 1,521 Bangladeshis and nine foreign nationals. Among others, BEPZA executive chairman Brig Gen Ashraf Abdullah Yussuf was present on the occasion.