Export Processing Zone -
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ID:48159 Date: - 25/01/2009 : 00:02:04 -  
News-Man - Dhaka

- Multiline has this month started building one of the world's largest textile factories 50 kilometres north of Dhaka with an investment of $200 million (S$300 million). 'We are here because Bangladesh will dominate (the) textile business for years to come. I know of no one - department stores, top retailers and trading firms - who are now not in Bangladesh,' Mr Mohler said. Taiwanese entrepreneurs who played a key role in transforming China into the world's top performing economy are rushing to Bangladesh to look for land to build footwear and textile factories, Taipei's representative Frank Chen said. 'Every week we have teams from Taiwan. Many of them have shut down factories in China's southern Dongguan city because they cannot make any money there. Bangladesh is the place which is still profitable,' he said. Taiwanese investors have set up more than two dozen footwear, textile and furniture factories in Bangladesh with the firm Pao Chen looking to build the world's largest footwear factory which would employ 40,000 people, he said. Such has been the rush of investors that Bangladesh's export processing zone (EPZ) authority says it is running short of plots to allocate to the incoming foreign investors. -- AFP

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