Eastern Cables inks $4.2m export deal with Chinese corporation

State-owned Eastern Cables Limited (ECL) has inked an export agreement with China National Technical Import and Export Corporation (CNTIEC) worth $4.2 million.

ECL Managing Director Abul Kalam Azad and CNTIEC Representative Zhang Zhilong (Balandy) signed the agreement on behalf of their respective sides at a function on Monday, reports BSS.

As per the deal, the ECL will supply 4,000 KM AAC WASP Conductor to the Chinese corporation.

The event was held at Bangladesh Steel and Engineering Corporation (BSEC) conference room in the city. Bangladesh Steel and Engineering Corporation (BSEC) Chairman Md Shahidul Haque Bhuiyan was present at the function.

Referring to the deep friendship between China and Bangladesh, Shahidul Haque Bhuiyan said China, a development partner of Bangladesh, would further expand such exports in the future.

He hoped that it would further accelerate the economic development of Bangladesh.