Fashion
Chinese company to invest $16.34 mn in Bangladesh’s BEPZA
The $16.34 million investment agreement was signed at the BEPZA Complex in Dhaka. The project is expected to generate employment for 1,395 Bangladeshi nationals.
Huaju Accessories Co Ltd of China has signed a $16.34 million land lease with BEPZA to set up an accessories manufacturing plant at the BEPZA Economic Zone in Mirsharai, Chattogram.
The project will employ 1,395 Bangladeshis and produce a range of garment and luggage accessories with an annual capacity of 4 million kilograms, BEPZA said.
The factory will produce a wide range of accessories, including bra cups, bra wire, hook and eye, elastic, webbing tape, drawstrings, sliders, snap buttons, logos, and bag and luggage hardware, with an annual production target of 4 million kilograms, BEPZA said in a press release.
Welcoming the investor, Tanvir Hossain, the executive chairman of BEPZA, reaffirmed BEPZA’s commitment to providing seamless facilitation and a supportive, investor-friendly environment to ensure the success of industrial ventures.
Fibre2Fashion News Desk (RR)