Chinese co to invest $21.8m in BEPZA EZ

Chinese company Unicorn Handbag Limited will invest US $21.85 million to set up a carry bag and luggage manufacturing industry in the BEPZA Economic Zone (EZ).
Bangladesh Export Processing Zones Authority (BEPZA) signed a deal with the company to this effect at BEPZA Complex in Dhaka on Wednesday, reports UNB.
In presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, Member (Investment Promotion) of BEPZA Md. Ashraful Kabir and Managing Director of Unicorn Handbag Limited Zheng Shuyong signed the agreement on behalf of their respective sides.
This Chinese company will produce annually 1.7 million pieces of backpacks & handbags, wallets, bags, caps, belts, and luggage. Some 2,000 Bangladeshi nationals will get employment opportunities at the facility..
Welcoming Unicorn Handbag Limited, the BEPZA Executive Chairman hoped that their investment would have a significant impact on Bangladesh's Foreign Direct Investment (FDI) landscape.