Bangladesh Export Processing Zones Authority (BEPZA) and Kaixi Garments Bangladesh Ltd, a subsidiary of the Chinese investor Kaixi Group, have signed a $40.05 million agreement to establish a new intimate garments and accessories facility in the BEPZA Economic Zone (EZ) at the BEPZA Complex in Dhaka.<\/p>\nThe project will manufacture 18 million pairs of lingerie and undergarments, alongside 20 million bra foams and cups annually, generating 3,003 local jobs, BEPZA said in a press release.<\/p>\n
Bangladesh Export Processing Zones Authority (BEPZA) and Kaixi Garments Bangladesh Ltd have signed a $40.05 million deal to set up an intimate garment’s facility in BEPZA EZ, creating 3,003 jobs.
\nThe group’s first project began in 2024, employing 3,700 workers.
\nBEPZA EZ has attracted over $1 billion in investments from 45 companies, with four in production. <\/p>\n
Welcoming the expansion, BEPZA executive chairman Major General Abul Kalam Mohammad Ziaur Rahman said the decision to reinvest just over a year after starting operations reflects growing foreign investor confidence in the zone.<\/p>\n
Chairman of Kaixi Garments Bangladesh Ltd Xiao Hongxi acknowledged ongoing challenges such as the absence of nearby worker housing but reiterated the group\u2019s long-term commitment to Bangladesh.<\/p>\n
Kaixi\u2019s first BEPZA EZ venture, approved in November 2022 with a $60.85 million investment, began production in June 2024 and employs about 3,700 workers. With operations in Dhaka EPZ and BEPZA EZ, the group now supports around 6,000 jobs.<\/p>\n
BEPAZA EZ, the authority\u2019s largest initiative, has so far attracted over $1 billion in investments from 45 companies, with four already in commercial production, added the release.<\/p>\n
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Fibre2Fashion News Desk (SG) <\/p>\n
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