An agreement to this effect was signed at the BEPZA Complex in Dhaka between the Bangladesh Export Processing Zones Authority (BEPZA) and Flourish Garments Bangladesh Co. Ltd.
Flourish Garments Bangladesh Co. Ltd., a China (Hong Kong)-based firm, will invest $15.34 million to set up a high-end garment manufacturing unit at the BEPZA Economic Zone in Mirsharai, Chattogram.
The factory will produce 4 million garments annually and create 1,988 jobs for Bangladeshi nationals.
The investment agreement was signed between BEPZA and the company in Dhaka.
Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, signed the agreement on behalf of BEPZA, while Han Junxiao, Managing Director, signed on behalf of Flourish Garments Bangladesh Co. Ltd.
The company will annually produce 4 million pieces of garments, including fleece jackets, soft-shell jackets, down jackets, cotton coats, leather jackets, underwear, T-shirts, polo shirts, shorts, parkas, coats, long pants, ski suits, ski pants, windproof jackets, fishing suits, hiking suits, yoga suits, running suits, jeans, knit shorts, faux-leather garments, deerskin velvet garments, golf wear, and casual skirts. The project is expected to create employment opportunities for 1,988 Bangladeshi nationals, BEPZA said in a press release.
BEPZA executive chairman Major General Moazzem Hossain assured Flourish Garments Bangladesh Co. Ltd. of BEPZA’s full support to ensure smooth and successful business operations in the zone. He noted that BEPZA continues to expand its facilities and develop new zones to accommodate growing investor interest and further strengthen Bangladesh’s export-oriented industrial base.
Moazzem Hossain also urged the new investor to help attract more high-quality and responsible investors to BEPZA zones, contributing to sustainable industrial growth and export diversification in Bangladesh.
Fibre2Fashion News Desk (RR)
