- Green transition: Pay the Least, Benefit the Most |
- Road accidents claim 14 lives in Sylhet, Bogura |
- 300 children killed in 300 days of Israeli-Hamas ‘ceasefire’ |
- Nearly 900 primary schools in Cumilla run without head teachers |
- New Disasters Hit Rohingya Refugees in Bangladesh |
Chinese firm to invest $15.34m in garment factory at BEPZA
Flourish Garments Bangladesh Co., Ltd., a China (Hong Kong)-based company, is set to invest US$15.34 million to establish a high-end garments manufacturing facility at the BEPZA Economic Zone in Mirsharai of Chattogram.
An agreement to this effect was signed on Sunday at the BEPZA Complex in Dhaka between the Bangladesh Export Processing Zones Authority (BEPZA) and Flourish Garments Bangladesh Co., Ltd.
Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, and Han Junxiao, Managing Director of Flourish Garments Bangladesh Co., Ltd., signed the agreement on behalf of their respective sides.
BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the signing ceremony, said a press release.
Under the project, the company will produce around 4 million pieces of garments annually, including fleece jackets, soft-shell jackets, down jackets, cotton coats, leather jackets, T-shirts, polo shirts, shorts, parkas, long pants, ski suits, windproof jackets, fishing and hiking suits, yoga and running suits, jeans, knitted shorts, faux leather clothing, deer skin velvet clothing, golf clothing and casual skirts, reports UNB.
The project is expected to create employment opportunities for about 1,988 Bangladeshi nationals, it added.