Chinese company Quality Sportswear Mfrs Limited is going to invest $11.55 million to set up an RMG, luggage, and fashion accessories manufacturing industry in the BEPZA Economic Zone.
BEPZA signed an agreement with the company to this effect at the BEPZA Complex in Dhaka on Tuesday, according to a press release.
Ali Reza Mazid, a member (investment promotion) of BEPZA, and Zhang Zhilan, director of Quality Sportswear signed the agreement on behalf of their respective organisations.
BEPZA Executive Chairman Maj Gen Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
This fully foreign-owned company will produce annually 6.05 million pieces of garments and 0.8 million pieces of money bags, travel bags, belts, among other products. The company will create employment opportunities for 3,310 Bangladeshi nationals.
BEPZA has so far approved a total of 26 enterprises, including this one, to establish industries in BEPZA EZ and most of them will produce diversified products. The total proposed investment of these enterprises is $529.4 million.
