Chinese firm to invest $19.72 mn to set up apparel unit in Bangladesh

Company managing director Mohammed Taufikul Ahsan and Mohammad Ashraful Kabir, BEPZA member in charge of investment promotion, signed the agreement.

The company will annually produce 3 million pieces of ski, snow sports, hunting and motor riders’ gear, insulated winter coats, down jackets and pants, rain gear, work wear, running wear, yoga wear and water sportswear.

The project is expected to create 2,788 jobs, according to domestic media outlets.

Forty nine companies, including October4128 (BD) Ltd, have signed agreements so far to invest in the BEPZA EZ, with a total proposed investment of around $1.08 billion. Of those, six have started production.

ALCHEMPro News Desk (DS)