Home ›› 17 Aug 2021 ›› Corporate
Kaixi Fashion Bangladesh Co. Ltd., a renowned Chinese company, is going to establish a Lingerie manufacturing industry in Dhaka Export Processing Zone with an investment of $6 million. It will produce annually 24 million pieces of ladies undergarments and create employment opportunity for 2031 Bangladeshi nationals.
The Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Major General Md Nazrul Islam, witnessed the signing ceremony between BEPZA and Kaixi Fashion Bangladesh at the BEPZA Complex in Dhaka on Monday.
Member (Engineering & Investment Promotion-additional charge) of BEPZA Mohammad Faruque Alam and Managing Director of Kaixi Fashion Bangladesh Co. Ltd. Xiao Hongxi signed the lease agreement on behalf of their respective organisations.
Among others, 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 present at the signing ceremony.
Kaixi Fashion was established in 1995 and with independent import & export rights. Kaxi Fashion owns three subsidiaries --Shenzhen Kaixi Fashion Co., Ltd, Shantou Kaixi Lingerie Industrial Co. Ltd and Mayanmar Kaixi Lingerie Industrial Co. Ltd.
Products that the company produces include traditional knitting lingerie items and related accessories, invisible straps etc. 90 per cent of the products are exported to UK, France, Spain, Germany, Australia and Chile. The company has been nominated by many international famous brand and supermarket as OEM and ODM Manufacurer. Kaixi Fashion focuses on innovation and customer oriented services to provide better product and better services.
Earlier last week, with a view to grab export market and cater to local demands, Label Makers Limited announced that it will invest $1.14 million to eastablish a factory in Dhaka Export Processing Zone.
To make the investment, Label Makers Limited signed an agreement with Bangladesh Export Processing Zones Autority (BEPZA) on Thursday.
The company will produce annually 1633 million pieces of label, Hang tag, elastic, paper packaging, seal cord, loop, self-adhesive sticker, RFID label, poly bag, biodegradable poly bag, pet film image and heat transfer label.
In order to stimulate rapid economic growth of the country, particularly through industrialisation, the government adopted an 'Open Door Policy' to attract foreign investment to Bangladesh. BEPZA is the official organ of the government to promote, attract and facilitate foreign investment in the EPZs. Besides, BEPZA as the competent authority performs inspection and supervision of the compliances of the enterprises related to social & environmental issues, safety & security at work place in order to maintain harmonious labour-management & industrial relations in EPZs. The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate free from cumbersome
procedures.
