Local firm to invest $31.75m in Ctg EPZ

Bangladeshi company Pacific Attires Ltd will invest Tk 31.75 million to set up a high-end garments manufacturing industry in Chattogram Export Processing Zone (CEPZ).

The company will produce annually 18.72 million pieces of formal suits for men and women, jackets, coats, dress pants, casual wear, boys/girls casual wear.

With this investment, the company will create job opportunities for 4,994 Bangladeshi nationals.

Pacific Attires is a sister concern of Pacific Jeans Group, which has eight operational units in Chattogram EPZ where around 31,000 people work.

Ali Reza Mazid, member for investment promotion at Bangladesh Export Processing Zones Authority (Bepza), and Syed Mohammed Tanvir, managing director of Pacific Attires Limited, signed an agreement at Bepza Complex in Dhaka yesterday.

Major General Abul Kalam Mohammad Ziaur Rahman, executive chairman of Bepza, attended the deal signing ceremony where Mohammad Faruque Alam, member for engineering at Bepza; Md Zakir Hossain Chowdhury, executive director for administration; Nazma Binte Alamgir, executive director for public relations; Md Tanvir Hossain, executive director for investment promotion, and Md Khorshid Alam, executive director for enterprise services, were also present.