A local company, Z&Z Lingerie Ltd, is going to establish a garment factory in Chattogram Export Processing Zone with an investment of $25 million.
The company will produce annually 43 million pieces of different kinds of lingerie like bra, panty, leggings and sportsware, Bangladesh Export Processing Zones Authority (Bepza) said in a statement yesterday.
The factory of Z&Z Lingerie, a concern of leading apparel maker and exporter Ananta Group, will create employment opportunities for 4,736 people.
This will be the sixth industrial unit of the same owner inside the EPZ, according to the statement.
Md Mahmudul Hossain Khan, member for investment promotion at Bepza, and Sharif Zahir, managing director of Z&Z Lingerie, signed agreements in this regard at Bepza Complex in Dhaka yesterday.
Major General SM Salahuddin Islam, Bepza's executive chairman, was also present at the event.
Sharif Zahir, managing director of Ananta Group, said they already have a lingerie factory in Chittagong EPZ with an investment of $30 million.
Ananta Group also has investments in denim, men's suits, sweaters in Adamjee EPZ and employs over 26,000 people.
"We are planning to start work on the new project next year," he said.