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China's Kaixi Fashion to set up $6mn manufacturing unit in Dhaka EPZ

17 Aug '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

Kaixi Fashion Bangladesh Co Ltd, a renowned Chinese company, will establish a lingerie manufacturing unit in Dhaka Export Processing Zone (EPZ) at an investment of $6 million. The new unit is expected to produce 24 million pieces of ladies’ undergarments annually and create employment opportunity for approximately 2,031 Bangladeshi nationals.

Executive chairman of BEPZA major general Md Nazrul Islam witnessed the signing ceremony between Bangladesh Export Processing Zones Authority (BEPZA) and Kaixi Fashion Bangladesh Co Ltd at BEPZA Complex, Dhaka yesterday. Member (engineering & investment promotion-additional charge) of BEPZA Mohammad Faruque Alam and managing director of Kaixi Fashion Bangladesh Xiao Hongxi signed the lease agreement on behalf of their respective organisations, said BEPZA in a press note.

Member (finance) Nafisa Banu, general manager (public relations) Nazma Binte Alamgir, general manager (investment promotion) Md Tanvir Hossain, general manager (enterprise services) Md Khorshid Alam of BEPZA and general manager (Dhaka EPZ) Md Abdus Sobhan were also present at the signing ceremony.

ALCHEMPro News Desk (KD)

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