This venture marks a significant foreign investment in Bangladesh’s growing manufacturing sector, with the facility poised to produce an impressive 216 million pairs of socks annually for men, women, and children. Additionally, the initiative is expected to generate employment for approximately 5192 Bangladeshi nationals, contributing significantly to local job creation.
The landmark deal was officially signed by Ali Reza Mazid, member (investment promotion) of BEPZA, and Fang Zhendong, managing director of Dongfang Knitting (BD) Co Ltd, at the BEPZA Complex in Dhaka, BEPZA said in a press release.
ALCHEMPro News Desk (DP)
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