Chinese co to invest $6m in Dhaka EPZ

Kaixi Fashion Bangladesh Company Limited, a renowned Chinese company, is going to establish a Lingerie manufacturing industry in Dhaka Export Processing Zone (DEPZ) with an investment of US$ 6.0 million, reports BSS.

Member (Engineering and Investment Promotion-additional charge) of Bangladesh Export Processing Zones Authority (BEPZA) Mohammad Faruque Alam and Managing Director of Kaixi Fashion Xiao Hongxi signed an agreement to this end at BEPZA Complex on Monday.

Executive Chairman BEPZA Major General Md Nazrul Islam was present on the occsion.

The company will produce 24 million pieces of ladies undergarments annually. It will create employment opportunities for 2031 Bangladeshi nationals.

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 also present.