Chinese company, October4128 (BD) is set to invest $19.72 million to establish a high-end garments manufacturing industry at the BEPZA Economic Zone (BEPZA EZ) at Mirsharai in Chattogram.
The company signed an agreement to this effect with the Bangladesh Export Processing Zones Authority (BEPZA).
.The company will produce annually 3 million pieces of ski, snow sports, hunting and motor rider's gear, insulated winter coats, down jackets & pants, rain gear, work wear, running wear, yoga wear, and water-sportswear.
The project is expected to create employment opportunities for some 2,788 Bangladeshi nationals.
Major General Mohammad Moazzem Hossain, Executive Chairman, BEPZA says, this preferred investment and assured full cooperation to ensure smooth business operations. So far, 49 companies including October4128 (BD) have signed agreements to invest in the BEPZA Economic Zone, with a total proposed investment of around $ 1.08 billion.
Of them, six companies have already started production. BEPZA Economic Zone has thus emerged as one of the most attractive investment destinations in Bangladesh for both local and foreign investors.
