Journey Outdoors Bangladesh, a company owned by investors from Singapore and China, will invest $27.57 million to establish a high-end garment and outdoor products manufacturing industry in the BEPZA EZ.
The lease agreement was signed at the BEPZA Complex, Dhaka, by Md. Ashraful Kabir, Member (Investment Promotion) of BEPZA, and Han JunXiao, managing director of Journey Outdoors Bangladesh.
The company will produce 16 million pieces of high-end apparel and outdoor products annually, including underwear, T-shirts, polo shirts, shorts, various types of jackets (fleece, soft shell, down, cotton, leather, waterproof, windproof, faux leather), outerwear, long pants, ski suits, ski pants, fishing, hiking, yoga and running outfits, jeans, knitted shorts, fur-lined garments, golf outfits, casual skirts, backpacks, cross-body bags, tents, sleeping bags, hammocks, outdoor canopy tents, hats, gloves, socks, and scarves.
The project is expected to create employment opportunities for 3,467 Bangladeshi nationals, BEPZA said in a press release.
In his remarks, BEPZA executive chairman Major General Mohammad Moazzem Hossain expressed his gratitude to Journey Outdoors Bangladesh for choosing Bangladesh, particularly BEPZA EZ, as their investment destination. He emphasised BEPZA's unwavering commitment to providing world-class support for investors, fostering a secure and conducive environment for business operations.
With this agreement, the BEPZA Economic Zone has now secured a total proposed investment of $1.11 billion from 50 companies, demonstrating the zone's potential to attract a wide range of industries.
ALCHEMPro News Desk (RR)
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