Company managing director Mohammed Taufikul Ahsan and Mohammad Ashraful Kabir, BEPZA member in charge of investment promotion, signed the agreement.
Chinese company October 4128 (BD) Ltd will invest $19.72 million to set up a high-end garment manufacturing factory at the BEPZA Economic Zone in Mirsharai, Chattogram.
The company will annually produce 3 million pieces of ski, snow sports, hunting and motor riders’ gear, insulated winter coats, down jackets and pants, rain gear, work wear, running wear, yoga wear and water sportswear.
The company will annually produce 3 million pieces of ski, snow sports, hunting and motor riders’ gear, insulated winter coats, down jackets and pants, rain gear, work wear, running wear, yoga wear and water sportswear.
The project is expected to create 2,788 jobs, according to domestic media outlets.
Forty nine companies, including October4128 (BD) Ltd, have signed agreements so far to invest in the BEPZA EZ, with a total proposed investment of around $1.08 billion. Of those, six have started production.
Fibre2Fashion News Desk (DS)
