Chinese company M/s Yuanshun Enterprise Co Ltd will invest $9.49 million to set up a packaging industry in Mongla Export Processing Zone.

This company will produce 10 million pieces of different kind of boxes for packaging like paper boxes, jewelry boxes, jewelry bag, watch boxes, and gift boxes, according to a press release.

On top of that, this investment will generate employment opportunities for 490 Bangladeshi nationals.

The company also signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) to this effect at Bepza Complex in Dhaka on June 15, it said.