Big Dipper Textile Mills Ltd, a company jointly owned by Canada and China, will set up a textile industry in Ishwardi Export Processing Zone (IEPZ) with an investment of $91.15 million.

The fully foreign-owned company will produce annually 15,422 tonnes of yarn in the factory, Bangladesh Export Processing Zones Authority (Bepza) said in a statement today.

Around 1,209 Bangladeshi nationals will get employment opportunities in the production unit, according to the statement.

Ali Reza Mazid, member for investment promotion at Bepza, and Wong Jammy Kwok Chan, chairman of Big Dipper Textile Mills Ltd, signed an agreement in this regard at Bepza Complex in the capital.

Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza, was present at the deal signing ceremony.

Big Dipper also has three other industries inside Ishwardi and Dhaka EPZ, according to the statement.

Among others, Bepza's Member for Engineering Mohammad Faruque Alam, Member for Finance Nafisa Banu, Executive Director for Administration Md Zakir Hossain Chowdhury, Executive Director for Public Relations Nazma Binte Alamgir, Executive Director for Investment Promotion Md Tanvir Hossain and Executive Director for Enterprise Services Md Khorshid Alam were also present.