Chinese company Quality Sportswear Mfrs. Ltd. is going to invest US$ 11.55 million to set up a RMG, Luggage & Fashion Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ).
Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this effect at BEPZA Complex, Dhaka on Tuesday.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Zhang Zhilan, Director of Quality Sportswear Mfrs. Ltd. signed the agreement on behalf of their respective organizations in presence with Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc.
This fully foreign owned company will produce annually 6.05 million pieces of garments and 0.8 million pieces of Money Bag, Travelling Bag & Belt etc. The company will create employment opportunity for 3310 Bangladeshi nationals.
Among others, Member (Engineering) Mohammad Faruque Alam, Executive Director (Enterprise Services) Md. Khorshid Alam, Project Director of BEPZA EZ Mohammad Anamul Haque and Executive Director (Public Relations) A.S.M. Anwar Parvez along with representative of the enterprise were present in the signing ceremony.
Mentionable that 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 product. The total proposed investment of these enterprises is US$ 529.4 million.
