Pran-RFL Group has signed an agreement with China’s Haitian Group to enhance its production capacity and boost exports of household plastic goods through a Tk 200 crore project.

The agreement, signed at Six Seasons Hotel in Dhaka, will facilitate the import of advanced machinery from China. RN Paul, Managing Director of RFL Group, and Xiang Linfa, Vice-President of Haitian Group, signed the deal.

The event was attended by senior officials, including Toukirul Islam, Prodip Kumar Poddar, and Li Hufeng.

Addressing the event, RN Paul noted that private sector investments have slowed due to economic uncertainties but emphasized that RFL’s expansion would signal confidence in the country’s industrial growth.

“This project will be implemented swiftly and will significantly contribute to Bangladesh’s export sector,” he said.

Production is expected to begin in May, creating 2,500 jobs and increasing annual export revenue by 30%.

The new unit will be 100% export-oriented, said Kamruzzaman Kamal, Marketing Director of Pran-RFL Group.