Chinese firm to invest $6m in Dhaka EPZ
Chinese company Kaixi Fashion Bangladesh Co Ltd plans to invest $6 million to establish a lingerie manufacturing factory in the Dhaka Export Processing Zone.
It will produce 24 million pieces of ladies undergarments annually, Bangladesh Export Processing Zones Authority (Bepza) said in a statement yesterday.
The industry will also create 2,031 jobs for Bangladeshi nationals, according to the statement.
Mohammad Faruque Alam, a member of Bepza, and Xiao Hongxi, managing director of Kaixi Fashion Bangladesh, signed a deal in this regard at the Bepza Complex in Dhaka yesterday.
Major General Md Nazrul Islam, executive chairman of Bepza, was also present.